Hive describes itself as a decentralized blockchain and ecosystem that is both creative and forward-thinking. Hive claims to focus on scaling and wide acceptance of the currency and platforms. Hive is a fork of the Steem blockchain that is entirely independent and decentralized.

Hive intends to become one of the leading blockchain technologies used by people worldwide. The company's goal as a community-driven fork is to maintain the strong community ideals that have already been created while also relieving the ecosystem of Steemit Inc.'s disproportionate influence.

The whitepaper mentions that Hive is built on the Delegated Proof of Stake protocol (DPoS). Hive claims to be the world's first decentralized proof-of-stake blockchain that solves the concerns of broad acceptance and variety of use without relying on central authority.

Hive realized that transaction fees are one of the most challenging issues to overcome in blockchain development and flexibility. Hive claims to employ an innovative stake-based Resource Credit method to provide a zero charges framework, rather than necessitating potentially costly and unpleasant transaction fees. In addition, Hive seeks to improve the accessibility of blockchain technology and content creation to remove barriers to widespread adoption. The Hive block utilizes the Proof-of-Brain (PoB) concept to distribute a piece of the inflation to content providers and users. In the Hive ecosystem, many DApps, APIs, and front-ends contribute to the broad and uncomplicated accessibility of data, transactions, and records. Therefore, this ensures that the Hive ecosystem's existing diversity and utility are pleasing to content producers, users, traders, and builders.

The Hive blockchain consists of two cryptocurrencies named HIVE and Hive Backed Dollars (HBD). The native token of the Hive ecosystem and blockchain is "HIVE". HIVE is accessible in a liquid form (just named HIVE) as well as a staked form (called Hive Power). The Hive ecosystem's liquid currency is HIVE. HIVE coin can be traded and staked.

The staked form of HIVE, Hive Power (HP), is vested via a procedure known as a "power-up." Hive Power can be entirely or partially unstaked at any time after the coin has been powered up, in a procedure known as "power down." Over the course of thirteen weeks, Staked HIVE returns to its liquid state (i.e. HIVE) in equal volumes, with a segment delivered every seven days. The Hive published its whitepaper on September 28, 2020. The total supply of HIVE is 396,399,305 coins. 

We update our Hive to SGD currency in real-time. Get the live price of Hive on Coinbase.

The current market cap of Hive is S$62.08M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Hive is S$3.31. This all-time high is highest price paid for Hive since it was launched.

Over the last 24 hours, the trading volume of Hive is S$1.97M.

Assets that have a similar market cap to Hive include ssv.network, Pythia, StorX Network, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Hive is 505 million.