Hive is a web3.0-compatible coin and it Blockchain technology can both permanently store content and give content creators complete ownership over their creations. Its major purpose is to ensure that cryptocurrencies have a bright future and to make them more compatible with web 3.0. Similar to Bitcoin, Ethereum and other altcoins scale more quickly approximately as a function of the number of transactions that occur on each block.
What is decentralization.
Decentralization simply means, no third party interference or control by the government. A decentralized finance is a platform that is actually not controlled by anybody, therefore crypto holder using a decentralized platform is actually safe from censorship.
How does hive works.
After different research about hive and comparing other Blockchain with it I discovered that hive is more scalable and usable compared to many other Blockchain. Hive actually works based on open proposal by witnesses, and therefore it shows what decentralization simply means.
Many open projects like peakd and other open hive projects have keep the hive Blockchain growing and more usable.
Apart from using hive for contents alone there other basic uses of hive.
https://hive.blog/hivebasics/@pitboy/what-is-hive-and-how-does-it-work-a-beginner-s-guide
Conclusion
I am actually still making more research about hive and I don't want to write something without get the proofs so I have decided to interview @smooth for more Information about hbd and also some other devs on hive.
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