There are thousands of crypto’s but I didn’t find most of like 90% useful, because they are finding solutions which doesn’t exists for humans maybe they are trying it to solve problems of aliens ( jokes apart😂)

There are few very useful that are active in crypto space but these unworthy crypto’s dont let people find gems or they don’t know about that.

One of the most useful and important blockchain project I find and using is Hive blockchain

so in this post I am giving answer to what is HIVE and how it works ???

what is HIVE ??

There is long history of hive before it born, you may be familiar with steem, which is founded in 2016 and after 4 successful years it goes under attack which is against the community and at that point the hive is arrived for me it’s new steem which is hive now, with the hardfork the community lead the hive blockchain,

Hive blockchain is powering next generation web 3.O which is decentralised, have no CEO , no censorship and no central authorities which can control HIVE blockchain. The blockchain is fully in hands of community. So if you are joined hive then you are the part of ecosystems which can lead the future of HIVE.

Hive is also powering next generation social platforms, which can rescue you from the centralised platform popular platform are like
Https://Hive.blog
Https://Peakd.com

If you want to use app based social media then there is https://esteem.app

So many platforms which is leading the Web 3.O developing on HIVE. Get more information about hive on https://hive.io

how it works ??

unlike proof of stake (PoS) & proof of work (POW) hive is based on proof of brain (PoB) which more reliable

witnesses

Like other blockchain have miners , hive has witness which is an upgraded version of miners. People elect them as there witnesses as more people votes the witnesses the power of witnesses increased on that basis, witnesses get rewarded with the inflation of hive for there contributions

Inflation of hive

As I said witnesses get there rewards from the inflation this isn’t only one use of the inflation it is used to maintain the network, reward the content creator, as there is no fee on transactions so it is feeling that gap also, it is also used to fund the DAO on hive.

This answer comes under #hivebasics initiative by @theycallmedan, I have tried my best to answer this in simple. Hope you have better answer than me so give it an try

What is HIVE and how does it work?

what is HIVE ??

how it works ??