Hive, which went live on March 20th, 2020, is a decentralized information-sharing network with a blockchain-based financial ledger based on the Delegated Proof of Stake (DPoS) protocol.
CoinMarketCap currently ranks #182, with a live market valuation of $227,351,783 USD.
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Hive supports a wide range of information-sharing applications. A plethora of dapps, APIs, and front-ends contribute to the general and straightforward availability of data, money transfers, and documents, making sure that the ecosystem is welcoming to content creators, clients, shareholders, and construction workers.
To overcome scaling constraints, an application’s supporters can allocate additional CPU resources as needed at the second layer to power their preferred applications, without worrying about network problems from other apps, while still benefiting from a common first-layer blockchain backbone to ensure distributed data integrity. This scalability also allows for a distinctive competitive scenery for software developers.
Hive was designed to store massive amounts of data and make it available for time-based monetization. Social media with monetized rewards for content producers, videogames, access control, polling structures, and micro-loans are some typical applications.
The blockchain’s performance is intended to scale with the goal of widespread adoption of the currency and platforms. Hive is poised to become one of the leading blockchain technologies used by people all over the world by combining charging response time and fee-free transactions.
Kevin Guo is the Co-Founder and CEO of Hive, a full-stack machine-learning company that specializes in visual intelligence. Prior to Hive, Kevin worked as a growth-stage tech investor with Peter Thiel and was a summer colleague at Lightspeed Venture Partners. He is also the writer of a hundred peer-reviewed publications.
Hive’s assistance for high trading volumes, coupled with its fast 3-second block times and fee-free money transfers, makes it a perfect platform for constructing fully engaging applications that would clog most blockchain networks.
It also has a distinguishable focus on a second convolution layer for distributing implementation loading across distinct sidechains, allowing scaling further than the limits of traditional increased connectivity.
To overcome scaling constraints, an application’s supporters can allocate additional CPU resources as needed at the second layer to power their preferred applications, without worrying about network problems from other app stores, while still benefiting from a common first-layer blockchain backbone to ensure distributed integrity of data. This cloud computing also allows for a unique competitive scenery for software developers.
HIVE is now available on an increasing number of signals, with cryptocurrency Binance, Huobi Global, Mandala Exchange, Upbit, and Gate.io. are among the most liquid exchanges.
From the beginning of the network till the present era around 405,786,145 HIVE coins are in continual circulation, lessening the trading errors.
The stake-weighted election is used to elect block manufacturers known as bystanders, who must decide to accept adjustments to the 1st layer protocol communicated by all implementations, which actually results in a stable base layer while allowing 2nd layer applications to innovate quickly.
Exchange inflows and outflows, paramount and technical differences, the news cycle, and the overall economic climate are all interlinked variables that impact HIVE’s price and market cap.
After the sheer appraisal in the field of trading which is around 100% in just a matter of a certain countable transitional month, cryptocurrencies have suffered an intense depreciation due to their uncertain market nature. Therefore, it’s wide enough to quote that Hive HIVE tokens have been upgraded to a new all-time high translation volume of almost $0.557 U.S Dollars per token.
Hive HIVE Official Website –https://hive.io/
Hive HIVETwitter –https://twitter.com/hiveblocks
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