✓Open-source decentralized blockchain
Launched in early 2020 after a hard-fork from STEEM, the HIVE protocol places significant emphasis on ensuring a decentralized network. ‘Developed for the Web 3.0’, the HIVE ecosystem utilises this incredibly fast and scalable blockchain to deliver decentralized applications.
With a strong community presence, proposed changes to the protocol are conducted through a governance mechanism known as the “Decentralized Hive Fund.”
The HIVE token co-exists with the HBDs - Hive-Backed Dollars, which are primarily used as the base currency token and to unlock a range of functions within the platform.
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A lot of members like to hold onto their Hive in case it increases in value. You can hold your Hive in your Cointree account or transfer it to a private wallet.
Cointree allows you to trade any portion of your Hive to over 100 other digital currencies instantly.
When buying Hive with Cointree, you are able to send your Hive to any other Hive wallet easily and instantly.
You can use Hive to buy many things online aswell as in physical stores. More businesses are accepting Hive every day.
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