Hive Price

Hive is a decentralized network that supports information-sharing applications. It supports Myriad DApps, APIs, and front-ends, all of which contribute to the general and straightforward accessibility of data, transactions, and records.

HIVE is the native cryptocurrency for the Hive network, and this is the liquid form of the cryptocurrency.

HIVE also exists in non-liquid (staked) form, called Hive Power, or HP for short.

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What Is Hive

Hive is the hardfork of the Steem blockchain. It's a decentralized information-sharing network with an accompanying blockchain-based financial ledger built on the Delegated Proof of Stake (DPoS) protocol. Hive, just like its counterpart Steem supports a vast array of information-sharing applications.

Hive is an open-source blockchain built for decentralized applications and social interaction. The project is structured to ensure its ecosystem is welcoming to content creators, consumers, investors, and builders.

Hive Coin

The Hive coin is a cryptocurrency purposely built to support content-oriented decentralized social blogging platforms. It also powers an incredible array of financial and social projects.

The Hive blockchain has two native coins - HIVE and Hive Backed Dollars (HBD).

The HIVE token is the platform’s primary form of liquid currency that powers the blockchain. Users can easily send HIVE to give tips or donations to their favorite content creators. HIVE is also rewarded to actively participating users.

HIVE also exists in non-liquid (staked) form, called Hive Power, or HP. HP can’t be used as a medium of exchange, but it can be delegated to Witnesses.

The Hive-backed dollars (HBD) is intended to be pegged to the US dollar at a one-on-one rate. Both coins may be traded, bought, sold, or staked.

According to Hive blockchain developers, the project has the following key features which give it a competitive advantage:

• Lightning-fast processing time 
• Fully Scalable with an almost limitless bandwidth 
• Feeless Transactions 
• Powerful enough to power hundreds of apps, communities, and projects worldwide.

The highest price for Hive was $3.41 on Nov 26, 2021, and its all-time low was $0.087309056679 on Apr 06, 2020.

Hive Coin Founders

As mentioned above, the Hive blockchain is a hard fork of the Steem blockchain. Some members of the Steem community decided to create a new platform due to the controversy with the executives at Steemit Inc.

On Mar 20, 2020, the data was transferred to a new blockchain, and a separate distribution and a new set of decentralized goals were set. This new blockchain is what we now call the Hive Blockchain.

HIVE was co-founded by Olivier Roussy Newton and Harry Pokrandt.

Olivier Roussy Newton is the co-founder and president of HIVE Blockchain Technologies LTD. He co-founded DeFi Holdings and Exponential Genomics Inc. (Xenomics). He is also the chairman at Quantum Holdings and the co-founder and director of Valour.

Harry Pokrandt was responsible for the company's overall vision.

HIVE Blockchain has raised a total of $286.4M in funding over 4 rounds. The lead investors include Us Global Investors, Genesis Mining, and Schindler Am ventures.

How Does Hive Work

The Hive blockchain is a decentralized information-sharing network with an accompanying blockchain-based financial ledger built on the Delegated Proof of Stake (DPoS) protocol. It aims at creating a decentralized space for content creators, bloggers, Gamers, identity management service providers, polling systems, and micro-loans givers.

In the Hive blockchain, users can blog, share videos, live streams, audio, and photos, and retain full content ownership.

Hive rewards original creators through equitable redistribution of the value generated to the creators who developed the content. For example, a Hive user can publish an original article immutably preserved on the Hive blockchain. Users can upvote this content and award the creators with Hive tokens (HIVE and HBD).

Hive leverages the coined Proof-of-Brain (PoB) concept by distributing a portion of the inflation to content creators and consumers. Individuals partake in a wide range of activities to earn without financial investment, including blogging, participating in discussions, curating others, building and engaging with DApps, playing games, etc. The Hive ecosystem comprises many well-known DApp projects, including NFTMart, LeoFinance, and Splinterlands trading card game. Hive simplifies cross-platform integration by allowing the declaration of custom JSON objects to store text data on-chain, enabling any modern web application to be integrated with Hive.

Hive's unique features give it a competitive edge in the crypto world. It's the world’s first massively scalable Delegated Proof-of-Stake blockchain that is entirely decentralized and user-controlled. Transactions can be made immediately upon account creation, with no financial investment required for users to participate in the Hive ecosystem.

How to Buy Hive Coin

The top Hive markets include popular exchanges like Bittrex, Huobi, Binance, BitThumb, GOPAX, UpBit, and WazirX. 

The process is similar to buying other major coins.