Trade HIVE to BTC on Beaxy
HIVE is a blockchain that aims to bridge the gap between the blockchain sector and conventional social media. The protocol is fast, scalable and feeless. You can buy, sell, or trade HIVE when you create, verify, and fund your free account on Beaxy Exchange. Visit Beaxy.com to get started and follow the steps below.
Features of HIVE
Socially-Driven Content Creation
The HIVE protocol features a social media branch that allows content creators to publish blogs to an engaged audience that can reward creators with HIVE tokens for producing high quality content. This promotes an improved incentive structure from legacy media outlets in regard to creating news articles that are factual and substantive. On HIVE, you get rewarded more so for the quality of the content you produce than the sheer amount of people that consume the content.
HIVE is a cost effective protocol that does not apply a network fee for sending or receiving HIVE to and from a supported wallet. HIVE features a robust second layer that has support for decentralized applications (dApps) and allows for the exchange of Non-fungible tokens (NFTs). NFTs are used to tokenize individual assets. For example, artist can easily create a custom NFT token that it used to cryptographically prove the owner of the art created by an artist. This allows artists more avenues to generate revenue and also allows for market participants to invest in art in ways that could not be done before. HIVE is seeking to broadly improve the market for NFTs by maintaining a network that is more cost effective.
Frequently Asked Questions
The HIVE blockchain enables near instantaneous value transfers across borders. The technology allows for participants to fully own and verify data, identities, and connections on social media. The platform can be used to play interactive games without incurring gas or network fees.
What is HIVE?
HIVE was created through a hard fork of the STEEM network after it was taken over in a hostile manner by a centralized organization. Former STEEM community members were dissatisfied with the centralization of the platform so they created a new version that would reintroduce the decentralized structure from before. HIVE is an interactive blockchain that allows for participants to earn crypto by producing and consuming quality content that is published online. The platform is fast and without network fees.
How to Mine HIVE?
HIVE is not mined like traditional cryptocurrencies, it is primarily earned by content creators on the network. The majority of HIVE tokens in circulation were created as a result of a hard fork with the STEEM blockchain protocol. To earn HIVE, you can produce blogs and other content fit for the internet. Content consumers can apply HIVE tokens to high quality content that incentives writers to go above and beyond the normal standards of online content publishing. Aside from earning HIVE, the token can be acquired by trading or purchasing the asset on a digital asset exchange such as Beaxy.
Risks of HIVE Trading
During trading with any cryptocurrency, one should not forget about the risks. In this case, it is Investment Risk, Regulatory Risk, and Security Risk. Investment Risk The Cryptocurrencies market suffers from intense levels of volatility from time to time. Investing in HIVE does not necessarily equate profits. You should be fully aware of the risks of cryptocurrency trading before investing in it, as you could potentially lose more money than you began with. Regulatory Risk Cryptocurrencies are decentralized, which means that they are not controlled by any government institution in the world. Cryptocurrencies have attracted controversy in recent years due to its sudden rise in the trading industry. In the future, this could lead to governments creating regulations and sanctions on cryptocurrency trading in an attempt to control its increase. Ensure that you know the risks before you begin investing in it. Security Risk While cryptocurrencies are created with encrypted data, the possibility of cyber theft is still possible in the industry. Once the cryptocurrency you purchased is in your hands, you have the full responsibility to secure it. The safest way to ensure the security of your asset is to use an offline crypto wallet that is not connected to the internet. An online crypto wallet that is stored at an exchange is more at risk of getting stolen by simply hacking your account, while offline crypto wallets will require your private keys.
Conversion rates US Dollar (USD) to Hive (HIVE) 05/17/2022 09:35 AM
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