Hive
Current price
$0.0495
−5.17%24h
LiveUpdated 30s ago
TodayHive drops 5.2%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.20%
- 24 hours−5.17%
- 7 days−10.16%
- 30 days−4.17%
- 1 year−65.22%
Hive's move in context
Lagging the market today
−5.17% today against −3.26% for the market as a whole, a gap of 1.9 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−10.2% over 7 days and −4.2% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Hive
Overview
Hive is a decentralized blockchain platform that enables fast, secure, and scalable applications and social experiences. Launched in March 2020, Hive was created to empower users by providing full control over their data and digital identities. Its core mission is to facilitate content creation and sharing without intermediaries, thereby promoting freedom of expression and ownership. Unlike traditional social media platforms, Hive rewards users for their contributions through a tokenized economy that incentivizes engagement and collaboration. The cryptocurrency uses a decentralized approach, ensuring that no single entity can control or censor the platform, which distinguishes it from many other blockchain solutions.
Technical Features
Hive operates on a Delegated Proof-of-Stake (DPoS) consensus mechanism, which allows users to select delegates to validate transactions and manage the blockchain. This mechanism enhances the network's scalability and transaction speed, enabling a high throughput of thousands of transactions per second. The security model of Hive is robust, utilizing a combination of cryptographic techniques and a decentralized architecture that minimizes vulnerabilities. One of its distinctive features is the Hive Engine, a decentralized token creation platform that supports custom tokens and application-specific usage. Additionally, Hive employs a unique decentralized blogging interface, allowing users to publish and monetize content in a peer-to-peer manner.
Use Cases
Hive serves as a versatile platform with numerous use cases across different sectors. Primarily, it is used for social media applications, where users can create, share, and monetize their content without the constraints of central authorities. Hive also plays a significant role in decentralized finance (DeFi) by offering various financial services like lending, staking, and yield farming through decentralized applications (dApps). The platform supports non-fungible tokens (NFTs), enabling artists and creators to mint and sell digital art directly on the blockchain. Furthermore, Hive allows for governance utilities, where stakeholders can participate in decision-making processes affecting the ecosystem, ensuring community involvement and project sustainability.
Development Background
The inception of Hive arose from a community-focused initiative reacting to the decentralization issues faced by its predecessor, Steem. After disagreements on the platform's direction, a group of Steem stakeholders forked the original blockchain to create Hive, implementing principles of decentralized governance and enhanced user rights. Since its launch, Hive has witnessed significant community engagement, with notable contributions from developers, content creators, and blockchain enthusiasts who have worked collectively to enhance its capabilities. Key milestones include the establishment of the Hive Community Fund and the introduction of various third-party applications built on the Hive blockchain.
Community and Ecosystem
The Hive ecosystem is thriving, supported by a vibrant community of developers, users, and investors. Various projects have emerged within the Hive blockchain, including social media platforms, gaming applications, and DeFi solutions. Partnerships with different organizations and projects in the crypto space have facilitated the growth of Hive, enhancing its utility and reach. Furthermore, the active community is dedicated to continuous development, contributing to regular updates, enhancements, and improvements in the Hive ecosystem.
Future Potential
The future potential of Hive is promising, given its innovative technology and robust community support. Continuous development efforts aim to expand Hive's functionalities and integrate advanced technologies, enhancing user experience and accessibility. As decentralized applications grow in popularity, Hive is well-positioned to capitalize on this trend by providing an efficient platform for content creators and developers alike. Upcoming features on the roadmap include scaling solutions, improved user interfaces, and enhanced tools for creators, which could significantly increase Hive's adoption and influence in the blockchain sphere.
Hive market
- Position by market cap among the coins we track.
- #286
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $29.23M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0489High $0.0528
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $3.41
- Now 1% of itReached 26 Nov 2021 · Needs +6,789% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 590.47M HIVE
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Hive converter
1 Hive = $0.0495
