Hive HIVE Social Audit & Trust Score
Market Data & Token Stats
| Fully Diluted Valuation | $0 |
|---|---|
| 24H Trading Volume | $1.37M |
| 24H Low / High | $0.05960 / $0.06138 |
| Circulating Supply | 540.15M |
| Total Supply | 0.00 |
| Max Supply | ∞ |
Market Health Signals
| Vol / MC Ratio | 4.24% Fair |
|---|
Key Project Information
| Categories | SocialFi 3 more |
|---|---|
| Founder | Steem community |
| Website | hive.io Whitepaper |
| Socials | 3 more |
| Explorer | Hiveblockexplorer |
OGAudit Security Evaluation & Social Audit Metrics
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Hive (hive) Expert User Reviews
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$hive Markets
| Name | Pair | OG Score |
|---|
About Hive
Unveiling Hive (HIVE) A Decentralized Web 3.0 Blockchain Transforming Social Media and Beyond
In the ever-evolving landscape of blockchain technology, Hive stands out as a decentralized information-sharing network that embraces the principles of Web 3.0. Launched on March 20th, 2020, Hive emerged from the tumultuous restructuring of the Steem blockchain, marking a pivotal moment in the struggle for control between the Steemit community and Tron CEO Justin Sun.
Founding and Evolution
The genesis of Hive was announced by members of the Steem community, determined to forge a path independent of Tron's influence. The developers executed a hard fork, birthing Hive as a blockchain platform designed to prioritize decentralization and open-source collaboration. The contentious history with Tron underscored the community-driven ethos that continues to shape Hive's evolution.
Key Features and Use Cases
Hive operates on the Delegated Proof of Stake (DPoS) protocol, offering rapid, fee-less transactions and a decentralized structure. The platform supports a myriad of applications, including social media with monetized rewards, interactive games, identity management, polling systems and micro-loans. Notably, Hive's lightning-fast processing times and user-friendly features position it as a promising contender in the blockchain space.
Unique Architecture
Hive's architecture is future-proof, with a robust system for bandwidth and resource storage. The blockchain securely stores vast amounts of data, allowing for time-based monetization. The Proof of Brain protocol ensures content quality by leveraging community voting with HIVE and HBD tokens over a 7-day period. This emphasis on human subjectivity stimulates a creative economy within the ecosystem.
Token Ecosystem
Hive operates on a two-token system – HIVE and Hive Backed Dollars (HBD). HIVE, in its liquid form, is tradable, while the staked form is called Hive Power. The platform's stablecoin, HBD, is pegged to the US dollar and its value is influenced by token supply and demand, as well as the platform's ability to buy back US dollars.
Inclusive Ecosystem
Hive aspires to be more than a financial platform, extending its reach beyond cryptocurrency. The blockchain stores diverse data, including social content, blogs, gaming data and votes. Scalability is a core tenet of Hive's vision, aiming to become a widely used social and economic platform that eliminates transaction fees and accelerates processing times.
As Hive continues to unfold its potential, it remains a testament to the resilience of community-driven initiatives in the blockchain space. With a focus on decentralization, speed, scalability and inclusivity, Hive is poised to leave a lasting impact on the world of Web 3.0, offering a decentralized alternative for content creators, consumers, investors and builders around the globe.
What is unique about Hive (HIVE)?
Hive distinguishes itself with a decentralized Web 3.0 approach, featuring rapid, fee-less transactions, a Proof of Brain protocol for content quality and a future-proof system for bandwidth and resource storage, making it an ideal platform for social media, gaming and diverse applications.
Who are the founders of Hive (HIVE)?
The launch of Hive was announced by members of the Steem community and its development stemmed from the struggle for control between Justin Sun (Tron CEO) and Steemit Inc. The project's founders are the former Steem developers who executed the hard fork to create Hive, ensuring independence and decentralization.
Where can I buy Hive (HIVE)?
You can buy Hive (HIVE) on Binance, Gate.io, MEXCBitgetHTX cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the Hive Official Website, Hive Whitepaper, Hive GitHub Repository and Hive X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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