. What is Hive (HIVE)? Here is the Crypto Currency HIVE Coin in All Details – In this article, What is Hive (HIVE)? We will answer the question and try to present details about the project.
What is Hive (HIVE)?
Hive is a decentralized content network powered by the Delegated-Proof-of-Stake (DPoS) consensus algorithm.
Hive forked from the Steem blockchain after the Tron Foundation acquired Steem and took control of the company’s funds in STEEM, which accounted for nearly 80% of the total STEEM supply. As pro-Tron STEEM addresses are blacklisted and will not receive the HIVE token airdrop, the fork is intended to deal with the centralization risks of this acquisition.
The Decentralized Hive Fund (“DHF”) allows users to submit offers, fund those offers, and vote for their preferred changes. The fund is created in such a way that no single actor has control over major changes.
The Hive platform offers many functions similar to Steem’s. The platform has two tokens: Hive (HIVE) and Hive-backed dollars (HBD). HIVE is used to unlock various different functions offered by the platform, where HBD is mainly used as a reward method.
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