Hey, everyone! Inleo stores its data on Hive, and as more MAUs are added, it will require more resource credits, and thus more Hive staked, to scale. This is what will drive the value of Hive: when not only Inleo but all the other apps on the blockchain grow their user base by millions and require more resource credits to function.
In this clip:
- Apps need to buy and stake Hive to scale
- Higher blockchain activity increases data storage costs
- Successful apps create a ripple effect, boosting Hive's growth
There’s an idea that the masses will come to the blockchain and buy Hive, but what really needs to happen is for apps to succeed, requiring them to buy Hive from the market and stake it to scale their transactions and user base.
The more activity this blockchain gets, the more expensive it will become to store data. The success of one app will compel others to invest more, creating a ripple effect. Thus, the success of apps like Inleo will drive the success of Hive.
Other blockchains capture value through gas fees. Hive works similarly, but with resource credits. Storing information on the blockchain doesn’t require spending the token, but scaling does require an investment.
Good to know always whats new and how use old. Thanks G
Could you point me to some resources to build a frontend interface for Hive (just for learning/exploring purpose). Do we use @hiveio/hive-js this package to interfact with the blockchain?
Look up Breakaway communities and Tribes. I think that's a good place to start to find the information you're looking for.
I'm sorry, I searched for the terms you mentioned and couldn't find anything. Have no idea what "Breakaway communities and Tribes" means.
https://peakd.com/hive-112019/@spknetwork/breakaway-communities-released
It literally took me one search on my phone.
Oh sorry, I was searching under the communities section. I didn't realized it was a post. Thanks.
Very interesting and good article. For today I wish you good afternoon and best wishes to all of us.
you mean the rally car is the key to success kekw
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STOPDapps are the cornerstone of Hive's growth.