Understanding Hive
Last updated
Last updated
The Hive blockchain and ecosystem is a digital platform that allows people to share information and exchange value without the need for intermediaries like banks or social media companies. It works as a digital ledger that keeps track of transactions and information in a secure and decentralized way. To get started with Hive, you must create a wallet, which is like a digital piggy bank that you can use to store and send Hive tokens. You can then use your wallet to interact with different Hive-based applications and services, like games (Golem Overlord), social media platforms, and marketplaces.
It's important to remember to keep your wallet safe and secure your keys by using strong passwords and other security measures.
The Hive blockchain is a fast, feeless, scalable solution for a decentralized web built and owned by the community with no company, CEO, founder or presale. Investors, developers, projects and end users meet in a robust, engaged community where the allows near instantaneous transaction of value and wallet addresses are usernames that unlock an entire ecosystem of services and apps. Built with social value and distribution in mind, Hive is a battle tested network that has risen and thrived by tackling the most pressing problems in web3.
For the investor, $HIVE is a cryptocurrency unfettered by long wait times or hefty fees- move value quickly without eating into your funds. Three second block times on a network producing some of the highest daily transaction numbers with minimum resource utilization meet easy to remember customizable wallet addresses, the ability to include end-to-end encrypted memos with transfers, and multiple options (tiered keys and staking) for holding and accessing funds safely from anywhere. allows users to hold for passive, non-custodial interest earning, is being adopted by stores and services globally, and allows for fast financial transactions without consideration for the frequent price fluctuations of the crypto markets.