Hive or Steemit? Decide For Yourself

in LeoFinance20 days ago


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Hive and Steemit both are decentralized blogging platforms built on blockchain technology but they have distinct differences.

FeatureHive.blogSteemit.com
OwnershipCommunity-driven, decentralized post-fork from SteemitCentralized under Steemit Inc., influenced by TRON
Reward SystemUsers earn Hive and Hive Dollars (HBD)Users earn Steem and Steem Dollars (SBD)
DevelopmentActively developed with frequent updatesLimited updates post-acquisition by Justin Sun
User GovernanceStrong community governanceGovernance influenced by centralized authority
DApp EcosystemGrowing ecosystem with various applicationsEstablished but less active ecosystem

Overall, Hive emphasizes decentralization and community control, while Steemit has faced criticism for its governance issues and centralized management.

Furthermore, Hive offers fast transaction confirmations typically under 3 seconds boosting user experience.

While both the platforms host dApps but Hive is growing fast with multiple applications that promote user engagement.

Hive has strong focus on community governance and decentralization through the Decentralized Hive Fund (DHF) while in case of Steemit, it has a more centralized governance influenced by TRON, which can affect DApp development and management.

What are your thoughts?

It's me, @justmythoughts, an ordinary Hive user looking to make the most of the platform. I will appreciate your support. Follow me for more. Thanks, Gracias :)

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