Hello HIVE blockchain! 😇
Based on common Proof of Stake
theory [3], stake that partook in the centralization attack on Steem was excluded from the initial distribution to
protect the new chain from any potential future 51% attack1
. All accounts, excepted those that explicitly influenced
the DPoS security failure, received an initial supply of HIVE, HBD and HP directly mirroring their existing balances
on Steem. The balance snapshot was taken at the time of the hardfork that created Hive.
Hive’s decreasing inflation rate is one of its key monetary features and reducing minting over time. The inflation
rate decreases by 0.01% with every 250,000 blocks, approximately 0.5% per year, until it reaches 0.95%.
Hive inflation is distributed in the following manner:
- 65% is used to fill the reward pool (which is split in equal portions between content producers and curators);
- 15% goes to HP stakeholders;
- 10% goes to the witnesses for block signing;
- 10% goes to the Decentralized Hive Fund (see the next subsection).
There is no pre-defined known value limit to Hive supply. The supply is dependent on the inflation rate
this is a test comment