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.