Hive is a decentralized blockchain for creating decentralized applications (dApps), specializing in content distribution apps. It originated from a contentious chain split with Steem, and as a result, the Hive network contains all of the content previously deployed to Steem.
Hive is a decentralized blockchain for creating decentralized applications (dApps), specializing in content distribution apps. It originated from a contentious chain split with Steem, and as a result, the Hive network contains all of the content previously deployed to Steem.
A blockchain called Hive (HIVE) utilizes the delegated proof-of-stake (DPoS) consensus algorithm. It was introduced in March 2020 as a Web 2.0 to Web 3.0 transitional platform and hard fork of the controlled Steem blockchain. The blockchain is said to provide "lightning-fast processing times and fee-less transactions." Use applications include identity management, microloans, social media with monetized rewards for content contributors, interactive blockchain games, and more. Decentralized apps (dApps) like Splinterlands, PeakD, and HiveBlog are powered by the platform.