Hive (HIVE) is a decentralized data sharing platform. Utilizing the Delegated Proof-of-Stake (DPoS) algorithm, Hive has achieved significant growth and recognition since its launch on March 20, 2020. Hive supports a variety of different information sharing applications and platforms. By supporting decentralized applications such as Myriad, Hive aims to facilitate general access to data through the use of these APIs. With standards in transaction data, data access, data diversity, and data reliability, HIVE attracts not only content creators but also consumers, investors, and developers to its platform.
Hive was developed to store large volumes of content and enable monetization from these contents. The monetization of various contents produced on social media by content creators is seen as a niche sector. Hive can be utilized in many applications, including interactive games, identity management, pool systems, and micro-loans.
Hive’s ability to support high transaction volumes and its 3-second block time seem tailor-made for content creators to store their data-intensive content. Despite being based on the Ethereum network, the transaction fees are significantly low, which could allow many users to actively test it.
Hive, with its second-layer blockchain architecture, is a model for many blockchain networks with its scalability solutions.
What is Hive (HIVE)?
At the time of writing this article, HIVE Coin ranks 186th and has a unit price of 0.3553 dollars. With a total supply of 400 million, HIVE has the same amount in circulation. HIVE Coin, which has reached a total market value of 142 million dollars, had a volume of 42 million dollars in the last 24 hours. This demonstrates how extensively the platform is used.
The more Hive is used, the more it is expected that the platform’s growth and recognition will increase.
Where to Buy HIVE Coin?
To purchase HIVE Coin, Binance, which has risen to the position of the world’s number one cryptocurrency exchange by trading volume, can be preferred. Binance supports the purchase of HIVE with USDT and BTC trading pairs. The fact that HIVE’s former EO is Dan Larimer also pushes the project one step ahead.
