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RE: The Hive Whitepaper and updating the DPoS protocols for downvoting with a community proposal.

in Informationwar3 years ago

I might have shelved it because I felt like it was more marketing copy. Here's an excerpt:

You may not know what a blockchain is, but Hive is one, and you might not even notice. That is what makes Hive incredible: seemless interaction with a global, decentralized currency and content platform.

Hive is a blockchain network, what is that?

A blockchain is a way to store data (blocks) in a way that can not be changed. In Hive, this data can be transactions (Adam sends John 6 HIVE) and content ("Here are my favorite recipes"). You have probably heard of Bitcoin, which was the first network to make a blockchain work without the need for a central authority. Hive builds upon that invention to do much more than send tokens from one place to another, and does so much faster.

The Hive blockchain is decentralized, meaning no single authority has control over the blockchain. This, believe it or not, is what gives value to Bitcoin and other blockchain currencies like Hive. If you do not need to trust a central authority, you can trust that your own balances won't be altered. How Hive accomplishes decentralization differs from Bitcoin, which gives it several advantages.

Hive Governance

The Hive network has people called witnesses to produce new blocks.

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This is great! I do hope patrice responds.

Upon revisiting it, it's not as bad as I remember. Maybe my standards got lower :P

In my opinion, whenany witness that takes time to try to at least understand a grievance in the community is huge win for everyone and the right step forward to glorious interoperable future where Hive will surly be the center of. Your efforts are amazing I do hope you explore finishing your paper! sorry for edits its bed time kinda my body is going but mind is struggling to keep up.