Hive has a thriving ecosystem of dapps, communities, and individuals. Here are some key points about Hive:
- Fast and Scalable: Hive transactions happen in just 3 seconds, and there are zero gas fees. It’s built for people and communities, making it efficient and user-friendly.
2- Decentralized: Hive is one of the most decentralized blockchains. There’s no single controlling entity; everything is run by community members. The initiative behind Hive was decentralization itself, ensuring it can’t be overtaken by centralized entities.
3- Readable Wallet Addresses: In Hive, wallet addresses are easy to remember. They look and act like usernames in traditional applications. So, a username is also a wallet address and a social media handle at the same time.
4- Hive Backed Dollar (HBD): HBD is a USD-pegged algorithmic stablecoin backed by Hive. It offers one of the highest interest rates in the crypto space for holding HBD in savings.
5- Voting and Payouts: Posts and comments on Hive can accrue votes over a period of 7 days. If a post receives enough votes for a payout, it’s split evenly between the author and voters (curators).