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What is Hive ? | All about Hive in Short | Crypto Currency Hive

Sep 10, 2021 Hive, 1177 Views
What is Hive ? | All about Hive in Short | Crypto Currency Hive

What is Hive ? | All about Hive in Short | Crypto Currency Hive

What is Hive?

Hive is developed to store vast amounts of content and to make it available for time-based monetization. Examples of use include social media with monetized rewards for content producers, interactive games, identity management, polling systems, and micro-loans. The performance of the blockchain is designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning fast processing times and fee-less transactions.

When was Hive invented ?

Launched on March 20th, 2020, Hive is a decentralized information sharing network with an accompanying blockchain-based financial ledger built on the Delegated Proof of Stake (DPoS) protocol. 

Importance of Hive?

Hive’s support for high transaction volumes, combined with its fast 3-second block times and fee-less transactions, make it an ideal platform for building highly interactive applications that would bog down on most blockchain networks. It also has a unique focus on a 2nd layer architecture for distributing application loading across distinct sidechains to enable scaling beyond the limits of traditional smart-contract networks.

Future of Hive?

Based on walletinvestor.com forecasts, a long-term increase is expected, the price prognosis for 2026-07-25 is 2.426 US Dollars. With a 5-year investment, the revenue is expected to be around +141.87%.

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Hive price, chart, market cap and info | CoinGecko

A to Z Full Forms and Acronyms

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