Hive is a digital currency characterized by blockchain technology and based on the Delegated Proof-of-Stake (DPoS) model. It was founded in 2020 as an offshoot of the Steem network, creating independent open source code. The history of Hive is connected with the fission process (Fork), as some technical and economic aspects were improved when separated from Steem.
Hive uses blockchain technology to record data securely and transparently, highlighting the DPoS model that enables commissioners to make decisions in the network. The Hive system promotes active participation by community members, as ordinary users can participate in decision-making through voting.
Hive's uses include a social networking and blogging platform, where users can post content and receive rewards. Hive can also be used in the decentralized financial field (DeFi) and the operation of decentralized applications (DApps) in areas as diverse as gaming, travel and shopping.
In short, Hive represents an important development in the world of digital currencies, offering advanced technologies and encouraging community participation in decision-making and guiding the future of the network.
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