Hi everyone!
- I hope that all hive users and hive learner friends are fine and enjoying their good health today I'm here to make my stage2 task 2. So let's start without any delay.
1)How much knowledge you have about Hive, Hive Power & HBD?
Hive tokens.
These are digital tokens created as a result of blockchain activity.
The Hive tokens are: Hive, HivePower, and Hive-Blockchain-Dollar (check the symbols HIVE, HP, and HBD, respectively).
The hive is a hard fork of steem, and most of the words mentioned in this article may directly or indirectly reflect what is in the steam white paper.
Hive is the native sign of the Hive blockchain. It's fluid, easy to transfer, and has no transaction costs.
Hive Power
- These are Hive features. This means that if the owner of the wallet containing Hive chooses to insert or lock the token, it will be converted to Hive Power in a 1: 1 ratio. Honeycombs with sticks produce the energy of the honeycomb.
- Doing so will break the high power. That is, it cannot be moved. It stays in your wallet for the duration of the bet. Wallet action is required to liquefy HP. It takes 13 weeks to convert all HP to Hive
Hive blockchain dollar (HBD)
- HBD is designed to be closely related to $ 1, so users can receive HBD and say the approximate cost in "real dollars". HBD tokens provide users with a relatively stable currency if they want to maintain the value of their account in US dollars. Although related to the US dollar, I learned from experience that HBD is experiencing some degree of instability. This mark is also a liquid mark.
- Both Hive and HBD can be traded on public cryptocurrency exchanges.
2)So how important is HivePower to wallet owners?
- The importance of HivePower can be summarized using the following blockchain concepts: Inflation delegation.
Inflation
- The APR of HIVE POWER is about 2.96%. In other words, just having HivePower will give you HP in proportion to the amount of HP in your wallet. The higher your HP, the more HP you can earn in the inflation process.
Delegation
- This is the process of lending HP to your account so that your account has enough asset credits to perform blockchain transactions.
- A blockchain transaction is all actions that result in sending a letter, voting for or against a post, posting content and comments to a post, posting or sharing a blog, voting for witnesses, and giving advice to a hive. ..
- Resource credits can be considered the "health or spirit" of your account. It is eroded by actions within the blockchain. However, depending on the amount of HP, it will be replenished within 24-48 hours.
3)Process of converting HBD to Hive from Internal Market.
- First go to wallet
- Click on market.
- Here by putting amount we can buy and sell HBD.
4)Can you power up your Hive To HP?
- Yes we can power up hive by the following steps.
- First click on power up.
- Enter the amount and click on power up.
- Now click ok.
