Venus1100
Active member
Hive, or HIVE, is a cutting-edge decentralized blockchain and ecosystem based on the Delegated Proof of Stake (DPoS) protocol. It focuses on expanding and broadening the platforms and currencies' adoption. Hive is a completely decentralized and autonomous fork of the Steem blockchain. Its native coin, HIVE, is utilized to reward community members and decentralized application developers (dApps).
Core Features of Hive
Scalability
This network specializes in creating highly interactive applications that would be slow on typical blockchain networks. They were able to achieve this goal because to its capability for enormous transaction volumes, block time of only 3 seconds, and inexpensive transactions.
It also places a special emphasis on a Layer 2 design for dividing application loading among several sidechains in order to scale beyond the capacity of conventional smart-contract networks. Supporters of an application can allocate as much CPU resources as they want at the second layer to power their favored programs without having to worry about network congestion caused by other apps.
Governance
As a global organization with nodes, stakeholders, and contributors from all over the world. Hive employs the DPOS consensus protocol to implement decentralized governance for both software development and protocol change decisions. Stake-weighted voting can be used to elect block producers, also known as witnesses. As witnesses, they must agree to changes to the first layer protocol, which all apps use. This establishes a solid base while allowing second-layer applications to innovate quickly.
This Project's Tokenomics
There is no maximum supply for this token. In other words, this is an inflationary token with no limit on coin production. If the community decides to add a coin burn - removing it from circulation - supply may vary.
New HIVE is delivered in the following manner and is made available on a regular basis:
Equal portions—65%—go to content providers and active users evenly
HP stakeholder obtains 15%
The Witnesses receive 10%.
10% is held in the network's treasury, the Decentralized Hive Fund, and is used to fund community projects.
How to Purchase HIVE Tokens
You can buy HIVE on MEXC by completing the following:
Enter your MEXC account details, then click [Trade]. Choose [Spot].
Enter "HIVE" into the search area to see the available trade pairs. As an example, consider HIVE/USDT.
Scroll down to find the [Spot] box. Enter the quantity you want to buy. As desired, place a Limit order, a Market order, or a Stop-limit order. As an example, consider a market order. Click [Buy HIVE] to confirm your order. The token you purchased is stored in your Spot Wallet.
Core Features of Hive
Scalability
This network specializes in creating highly interactive applications that would be slow on typical blockchain networks. They were able to achieve this goal because to its capability for enormous transaction volumes, block time of only 3 seconds, and inexpensive transactions.
It also places a special emphasis on a Layer 2 design for dividing application loading among several sidechains in order to scale beyond the capacity of conventional smart-contract networks. Supporters of an application can allocate as much CPU resources as they want at the second layer to power their favored programs without having to worry about network congestion caused by other apps.
Governance
As a global organization with nodes, stakeholders, and contributors from all over the world. Hive employs the DPOS consensus protocol to implement decentralized governance for both software development and protocol change decisions. Stake-weighted voting can be used to elect block producers, also known as witnesses. As witnesses, they must agree to changes to the first layer protocol, which all apps use. This establishes a solid base while allowing second-layer applications to innovate quickly.
This Project's Tokenomics
There is no maximum supply for this token. In other words, this is an inflationary token with no limit on coin production. If the community decides to add a coin burn - removing it from circulation - supply may vary.
New HIVE is delivered in the following manner and is made available on a regular basis:
Equal portions—65%—go to content providers and active users evenly
HP stakeholder obtains 15%
The Witnesses receive 10%.
10% is held in the network's treasury, the Decentralized Hive Fund, and is used to fund community projects.
How to Purchase HIVE Tokens
You can buy HIVE on MEXC by completing the following:
Enter your MEXC account details, then click [Trade]. Choose [Spot].
Enter "HIVE" into the search area to see the available trade pairs. As an example, consider HIVE/USDT.
Scroll down to find the [Spot] box. Enter the quantity you want to buy. As desired, place a Limit order, a Market order, or a Stop-limit order. As an example, consider a market order. Click [Buy HIVE] to confirm your order. The token you purchased is stored in your Spot Wallet.
