Hive: Why did it explode by 60% in one day?
Hive (HIVE) is a very special blockchain that launched in 2020, essentially a fork that directly came out of the Steem blockchain. Why a fork? Because back in the day, when Justin Sun (the big shot of Tron) acquired Steemit, the community was unhappy and decided to "fly solo," creating a more decentralized and free Hive. Doesn't that sound rebellious?
Hive's positioning is very clear: to serve as a bridge for the transition from Web 2.0 to Web 3.0. It focuses on ultra-fast transactions and zero fees, making it suitable for chain games, content creation, small payments, identity management, and more. It also supports a bunch of popular dApps, like Splinterlands (which chain game players might be familiar with) and HiveBlog (similar to a decentralized blogging platform).
Hive's ecosystem has two types of tokens: HIVE is the governance token, and HBD is a stablecoin pegged to the US dollar. HIVE has no cap and is an inflationary token, allowing users to earn rewards by staking HIVE or publishing content. Interestingly, users can participate in governance after staking, voting to elect witnesses, truly becoming the masters of their community!
Hive is a platform suitable for content creators, chain game players, and even Web 3.0 newcomers to try out. It simply tells everyone: blockchain is not a cold, high-tech field, but a tool that can genuinely benefit everyone!