Hello everyone, Bilal here, When I first joined Hive, I saw two things that confused me: Hive and HBD, they both looked important, both had value, and both could be used or powered up somehow, but what exactly is the difference?
Well, I'm still a beginner in this Web3 world, but I’ll try to explain it in the simplest way, just like I wish someone had done for me
🟠 Hive (HIVE): The Main Fuel
Think of Hive as the heart of the Hive blockchain, it’s the main token
You earn it when someone upvotes your post.
You can power it up to increase your influence.
It gives you voting power to reward others.
You can use it for governance (like voting for witnesses).
Hive’s price goes up and down depending on the market, just like most cryptocurrencies.,it’s the token that gives you more say and more earning potential on the platform.
🔵 HBD (Hive Backed Dollar): The Stable Side
Now HBD is different. It stands for Hive Backed Dollar, and it’s designed to be a stablecoin, meaning it tries to stay close to $1 USD.
You can earn it from posts too, usually split 50/50 with Hive
It’s great for saving, you can put it into your Hive wallet savings and earn 20% interest per year (yes, really!).
It doesn’t move much in price, so it’s less risky than Hive.
Think of HBD as the safe savings account and Hive as your investment account.
So, Which One Should You Focus On?
Honestly, both.
I try to power up Hive to increase my long-term value on the platform, and I save HBD to earn interest, as a beginner, I find this balance easy to understand and sustainable, one helps me grow, the other gives me peace of mind.
I’m still learning, but understanding this small difference helped me use Hive better, if you're new too, don’t stress it, just start with the basics, and things will click as you go.
Let me know in the comments: do you prefer earning Hive or HBD?