Hive is a decentralized, scalable blockchain platform designed for social applications, games, and financial tools.

What are the technical characteristics of Hive?

Hive is open-source and can be accessed by nodes running on modest hardware, making it highly accessible.

What are the risks associated with transferring Hive?

Users should verify the asset and network, handle private keys, and be aware of potential volatility in digital asset prices.

Where can I find official resources for Hive?

Official resources for Hive include its website at https://hive.io/ and its whitepaper at https://hive.io/whitepaper.pdf.

Hive (HIVE)

Rank #575

Market snapshot

Price: $0.04023
Market cap: $23.2M
24h volume: $745,468.55
Circulating supply: 576,232,804.786
Total supply: 576,232,804.786
Max supply: N/A

What is Hive?

Hive is a decentralized, scalable blockchain that facilitates the creation and operation of social applications, games, and financial tools. It is designed to provide users with zero transaction fees and near-instant transaction speeds, enabling a seamless experience for various applications.

How Hive works

Hive operates as a decentralized network where over 100 stakeholder-elected witnesses produce blocks approximately every 3 seconds. This structure allows for high-speed transaction processing. Nodes within the network can run on modest hardware, ensuring broad accessibility. The network's design supports a peer-to-peer operation, enhancing its decentralization and user engagement.

Key information

Symbol: HIVE
CMC rank: #575
Network / platforms: N/A
Categories: N/A
Date added: Mar 26, 2020

Key characteristics

Hive is categorized under several tags by CoinMarketCap, including binance-ecosystem, layer-1, and web3. Its open-source design allows anyone to participate in the network, contributing to its scalability and accessibility.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Hive?: Hive is a decentralized, scalable blockchain platform designed for social applications, games, and financial tools.
How does Hive operate?: Hive operates through a decentralized network where stakeholder-elected witnesses produce blocks every 3 seconds, allowing for high-speed transactions.
What are the technical characteristics of Hive?: Hive is open-source and can be accessed by nodes running on modest hardware, making it highly accessible.
What are the risks associated with transferring Hive?: Users should verify the asset and network, handle private keys, and be aware of potential volatility in digital asset prices.
How can I verify Hive before acquiring it?: Verify the asset name, network, and the destination details before transferring assets.
Where can I find official resources for Hive?: Official resources for Hive include its website at https://hive.io/ and its whitepaper at https://hive.io/whitepaper.pdf.

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