Hive is an innovative and forward-looking decentralized blockchain and ecosystem built on the Delegated Proof of Stake (DPoS) protocol. Since its inception, Hive has steadily grown as an ecosystem. Myriad dapps, APIs and front-ends contribute to a general and straightforward accessibility of data, transactions and records, so that this existing diversity and utility ensure that the ecosystem is welcoming to content creators, consumers, investors and builders. Hive is developed to store vast amounts of content and to make it available for time-based monetization. The performance of the blockchain is designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning fast processing times and fee-less transactions, Hive is positioned to become one of the leading blockchain technologies used by people around the world.
Hive aims to overcome mainstream adoption shortcomings in blockchain technology while delivering an enterprise-level blockchain solution that is both flexible and modular. In doing this, it leveraging optimized blockchain technology that is built to scale and adapt to shifting needs.
To achieve this vision, Hive is pioneering Web 3.0 solutions. Its first and second layer of plugins allow for functionality without adding bulk to the blockchain itself. These include standardized microservices to support easy integration of new 2nd layer applications into the Hive ecosystem. Examine further in the Hive Whitepaper.
Hive strives to be the perfect real-estate for existing and new dapps and ventures to build on. Cross-platform and application integration is inherently simple and well-documented on Hive and its first and second layer of plugins allow for streamlined functionality without undue complexity.
Additionally, Hive recognizes that transaction fees are often one of the largest challenges to facilitating development and flexibility of use on a blockchain. Instead of requiring potentially costly and inconvenient transaction fees, Hive uses a novel stake-based Resource Credit mechanism to create a fee-less model. Hive's decentralized nature sports backup provisions to ensure lossless and continued operation of critical infrastructure. All of these elements come together into a functional and innovative example of true decentralization. Be inspired by the Hive Ecosystem Brochure.
Development on Hive is ongoing, with optimization and new functionality being constantly innovated. Updates to core libraries, tools and frontends are published on a constant basis. The technical development of the blockchain itself is carried out by the founding decentralized group of over 30 open source developers, many of whom worked on DPoS blockchains since 2016, and supported by a growing community of additional open source developers and witnesses.
Key protocol changes to the core blockchain algorithm must be accepted by 17/20 of consensus witnesses who accept or reject code changes by upgrading their nodes. Witnesses also control account creation fees, block sizes, the production of the HBD, and set price feeds. However, a layered system ensures that many functionality upgrades and optimizations do not require a major code update and can be readily applied as needed. A proposal system is used to determine community consensus and feedback. Read more in the Hive Technical Vision.
“Success is not final, failure is not fatal: it is the courage to continue that counts.”
― Winston S. Churchill
The Hive Venture Center offers free account creation for business owners, teams and developers wishing to enter the Hive ecosystem. We provide a guide through Hive, connection with relevant communities or partners, and personalized development or bridging consultations.
Note: We no longer offer general purpose accounts. Individuals who need a personal account should visit our signup partner at Ecency.