Hi, I hope all the members are well in the community. Today I have done a lot of research on #hive and #Hiveblog. I studied very deeply. first of all, people who don't know about #blockchain have to know about the basic concept of blockchain.
What is Blockchain?
As the name indicates. A blockchain is a chain of blocks containing information. the information can be video, audio, text, or anything. this technique was introduced in 1991 by a group of researchers to send or share the digital document. which can not be tampered with. however, it was unused until it was adapted by Satoshi Nakamoto in 2009. blockchain is distributed ledger that is completely open to anyone.
How does block work in blockchain?
Each blockwork contains some data, hash of the block previews the block hash, the data stored in the block data is dependent upon the type of blockchain. For example bitcoin blockchain stores details of the transaction such as sender-receiver and the amount. block has also hash. you can say hash is the fingerprint of a block it always remains unique for each block. the first blog of blockchain has no previews hash so we say it's a genesis block.
How blockchain is safe?
blockchain allows everyone to join. when someone joins blockchain he will get all copies of the blocks by P2P Networking. whenever someone tampers with the block it also changes the hash of the block and all the chains in front of the bock will be invalid. Then block chain requests, to other users, to send blockchain. So it is not easy to breach it.
What is Hive blockchain?
Hive decentralized platform and blockchain.it also works the same way as I mention. the coin is used on this blockchain is Hive Dollar (HB) and Hive Token.
What is a Hive blog?
Hive blog is a platform where people can share their experiences. For example, any content creator joins a hive blog and shares his content he will get rewarded by @curator.
How does the reward system work?
whenever content creators post content and it gets rewarded on the base of the content they write and upvotes. The rewards will be in Hive dollars (HB).50% of the reward goes back to @Curation which will be distributed to the content creator. the creator gets a reward in 7 days.
How much Supply of Hive Dollar and hive coin?
As we know the less the supply greater the demand decided the price of the coin. well, hive blockchain work like Ethereum blockchain. the more upvote the more coin will be created. The circulating supply of 370 Million HIVe. Market Cap $426,814,103 and price is $1.15.
I hope you love to read thank you for reading this all research is done by me. I need your continued support to make good content like this it takes hours to make content. but my purpose is to provide the best content to my reader. once again thank you so much.regards @aneesmalk @goblinknackers
specially to@ocd @ecency
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Nice awareness, majority of NEWBIES on here are yet to understand this, I am sure when they read this content they will have a better understanding about the blockchain.
Keep up the good work
Thank you for your support .
Yay! 🤗
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