Hive: social media that pays you for posting, liking or watching
Hive is the name of a cryptocurrency [HIVE) as well as its native blockchain. It was launched on March 20, 2020. HIVE was created by disillusioned members of the Steemit community in reaction to what they perceived to be a takeover of the STEEM Blockchain by TRON.
Hive is the currency, and Hive Blog is the platform to earn that currency.
It is a liquid currency that you can trade, spend, transfer. Like Bitcoin, it can be securely stored in a wallet and traded with other cryptocurrencies, such as Bitcoin or Ethereum.
LLike Like other cryptocurrencies, Hive's price goes up and down a lot. However, its price is more or less stable most of the time than other cryptocurrencies.
This is basically called the influence score of this platform. Hive power is a measurement of how much influence a user has within the Hive network. The more Hive Power you hold, the more you're able to influence the value of posts votes, and comments. Voters with more Hive Power have a greater influence over the allocation of the rewards for a particular post than voters with less Hive Power.
The following are some of the additional advantages and features when using the network:
The network is built to store enormous amounts of data and make it accessible to users via time-based monetization. Social media dapps with financial incentives for content producers, interactive play-to-earn games, identity management, polling systems, and micro-loans are just a few examples of applications.
The Hive platform enables users to publish original articles that are immutably preserved on the Hive blockchain. Users that upvote content award creators with Hive tokens (HIVE and HBD). The rewards are dependent on the decentralized evaluation of the content by its readers and curators over a 7-day voting window.
A plethora of dapps, APIs, and front-ends contribute to the widespread and transparent accessibility of data, transactions, and records. This current variety and utility guarantees that the ecosystem invites content producers, users, investors, and developers.
Each username on the network is formulated from user-selected alphanumeric characters and has its advanced wallet with unique security features. This enables each community member to have full control of their finances on Hive.
Hive is the world’s first massively scalable delegated proof-of-stake blockchain that is entirely decentralized and user-controlled.
Source: Youtube
The protocol that runs Hive is called Hive Blockchain protocol. Hive blockchain protocol can store the value just like the bitcoin protocol, which can also store content. It rewards for creating content, curating content, even commenting on the content by its own cryptocurrency which is called Hive-Based Dollars (HBD). Hive Blockchain native token Hive (HIVE) token is a cryptocurrency that powers the open-source social media blockchain.
First of all, Hive Blog is a social network as well as a blogging platform. At an elementary level, it may seem like another social network like Reddit, Facebook or Steem to you; almost all the features of Hive are like Reddit.
Like Reddit, you can upvote (similar to a Facebook like), comment, repost other users' posts to your profile, follow other users to get their feed, follow any topic you like, and create new posts by yourself. These are a lot of features that a social media and blog should have.
But at the same time, Hive Blog shares revenue with its users. This is the most significant difference between any other social media and Hive. In the case of this revenue sharing, the integration of a cryptocurrency called Hive with Hive Blog comes to the front. Hive Blog does not pay its users with regular fiat currency (money, dollar pound, euro). Instead, they pay users with the help of Hive cryptocurrency.
Suppose this Hive blog is like Facebook. You published an update and you are getting likes on it. For every like, you earn Hive token and HBD. If you have a celebrity friend, you can earn more from their likes.
Another exciting thing is that users do not earn cryptocurrency just for posting content. Instead, they also get paid for consuming content, even by commenting on someone's post. However, how much payment a user will get for doing something depends on some more rules and a few factors of Hive Blog.
Finally, the HIVE native cryptocurrency is listed on top exchanges for secure transactions such as Binance, Gate.io, Bithumb, and Huobi Global, to name but a few.
1. Binance Exchange - you can purchase on Binance using your mobile phone or desktop. You only need to follow the step as instructed. You can also receive a 25% discount on trading fees using Binance Coin (BNB) instead of cash. Use the link above for a bonus 10% discount.
2. Huobi Global
3. Bithumb
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