coin5w what, why, who, when, where

HIVE

HIVE
Latest price:
USD 0.197715
as of 2024-10-15 14:40:02 UTC

What


What is HIVE (HIVE)?

HIVE is a blockchain-based cryptocurrency and social media platform. It was created as a fork of the Steem blockchain in 2020 and aims to build a decentralized and censorship-resistant community-driven social media platform. HIVE token is used as a means of exchange and reward within the HIVE platform, incentivizing users to create and curate content, as well as to participate in the platform's governance. HIVE tokens can also be traded on various cryptocurrency exchanges. The goal of the HIVE platform is to provide an alternative to centralized social media platforms, where user data and content are often monetized without the users' consent or compensation.




Why


Why was HIVE (HIVE) invented?

HIVE was created as a fork of the Steem blockchain in 2020, following a contentious governance dispute within the Steem community. The creators of HIVE aimed to build a decentralized and censorship-resistant social media platform that would be more community-driven and transparent. They believed that the centralized ownership structure of Steem and its associated companies gave too much power to a small group of stakeholders, and that this structure was incompatible with the principles of a decentralized platform.

HIVE was created to provide an alternative social media platform where users have greater control over their data and where rewards are distributed more fairly. The HIVE token is used as a means of exchange and reward within the platform, incentivizing users to create and curate content, as well as to participate in the platform's governance. The goal of HIVE is to provide a more equitable and democratic social media experience, where users are fairly compensated for their contributions and where censorship is minimized.




Who


Who created HIVE (HIVE)?

HIVE was created by a group of Steem community members and developers who were dissatisfied with the centralized ownership structure of the Steem platform. The exact identities of the individuals behind the HIVE fork are not publicly disclosed, but the project is open-source and community-driven, with contributions from a large and growing number of developers, designers, and other stakeholders in the cryptocurrency and decentralized technology ecosystem. The goal of the HIVE project is to build a decentralized and community-driven social media platform that empowers users to take control of their data and to participate in a more equitable and democratic online experience.




When


When was HIVE (HIVE) launched?

2020-03-20




Where


Where can you buy/invest in HIVE (HIVE)?





HIVE Price History Chart

HIVE price history chart