HIVE is an open source blockchain built on the Delegated Proof of Stake (DPoS) protocol, notable for its high scalability and independence, addressing issues of widespread applicability and flexibility. It is specifically designed to optimize for decentralized applications (dApps), particularly in the fields of social networking and digital content.

What is HIVE Coin?

HIVE Coin is the native cryptocurrency of the HIVE blockchain. It plays a central role in the ecosystem, being used for various purposes:

  • Rewards for content creators: Users creating valuable content will be voted on by the community and receive rewards in HIVE Coin.

  • Network governance: Holders of HIVE Coin have the right to participate in the governance process of the network by voting on proposals and changes.

  • Running dApps: HIVE Coin is used to operate decentralized applications built on the HIVE platform.

HIVE ecosystem

The HIVE ecosystem is very diverse, including many different products and projects. Here are some notable products:

  • NFTShowroom: A marketplace specializing in NFTs in the form of digital art, MP4, audio, with the participation of over 1,500 artists worldwide. This is where artists can showcase and sell their digital artworks.

  • inji: A social platform for Crypto, NFT, DeFi, and Metaverse. inji creates a space for users to exchange, discuss, and update information about these emerging technology fields.

  • DLux: A platform that allows users to create dApps, providing VR experiences. DLux opens up the possibility of building virtual reality applications on the HIVE platform.

  • HiveBlocks: A blockchain explorer for Hive. HiveBlocks allows users to track transactions, blocks, and other information on the HIVE blockchain.

  • Hive Engine: An open, community-owned platform for developing smart contracts on Hive. Hive Engine provides tools and infrastructure that enable developers to build decentralized applications on HIVE.

  • TravelFeed: A platform for travel blogs. TravelFeed is where travel bloggers can share their experiences and stories.

  • Actifit: A health app that rewards users to promote a healthier lifestyle. Actifit encourages users to stay active and maintain a healthy lifestyle by rewarding them with tokens.

  • Hive Backed Dollar (HBD): A native stablecoin based on the Hive blockchain, designed to maintain the value of $1 in a decentralized manner.

Some information about HIVE

  • Name: Hive

  • Trading name: HIVE

  • Type: Coin

    Platform: Hiveblocks

  • Total supply: 500,749,242.95 HIVE

  • Maximum supply: Unlimited

Who created HIVE Coin?

According to what Huongdandaotienao has researched, HIVE is a blockchain created as a fork of Steem in 2020. This split occurred after the Steem community disagreed with Tron acquiring Steemit Inc., the company behind Steem.

Since HIVE was created from a fork of Steem, there is no single individual or organization that 'created' HIVE in the literal sense. Instead, it was created by the community of developers, users, and stakeholders of Steem, who decided to create a new blockchain with the goal of decentralization and stronger community governance.

Roadmap

Q3/2024

  • Introducing a lightweight blockchain node, significantly optimized for system resource consumption (memory, CPU, and storage capacity).

  • Enhancing the performance and scalability of Hive API nodes through improvements in the Hive Application Framework (HAF) and core API applications of Hive.

Q4/2024

Develop new Hive APIs based on HAF technology, including:

  • Lite account API (allows the use of a single account across the entire layer 2 ecosystem).

  • Layer 2 trading API.

  • Layer 2 smart contract API.

  • API for Block Explorer.

  • Completely rebuild the Condenser using the latest web technologies.

  • Launch reputation tracking API.

  • Introducing Wax, a multilingual API library, scalable for Hive, supporting programming languages such as Typescript, Python, and C++.

Q1/2025

  • Release user interface for the block explorer, ready to deploy on all Hive API Nodes.

  • Introducing the new Hive API based on REST architecture.

Q2/2025

  • Provides interactive OpenAPI documentation for Hive APIs, using Swagger.

  • Launch Clive, a new command line and text-based wallet designed for maximum security for accounts.

Current price of HIVE

$HIVE

Where to buy and sell HIVE Coin

You can buy and sell HIVE on exchanges such as:

  • Binance.com

  • HTX.com

  • Mexc.com

  • Gate.io

Huongdandaotienao personally finds Binance to be a reputable, safe, secure, and the best exchange in the world today. I regularly trade on this exchange.

Those who intend to buy this coin should also go to this exchange to purchase it.

Link to register an account and get a 20% discount on transaction fees when you register via the link below.

Register a Binance account now: https://accounts.binance.com/register?

Conclusion

In summary, HIVE is an open source blockchain designed for Web 3.0 applications, especially social networking and content. Originating from Steem, HIVE focuses on decentralization and community. Despite facing many challenges, HIVE holds potential for future growth due to its technology and supportive community.