Hive and Steemit both are decentralized blogging platforms built on blockchain technology but they have distinct differences.
| Feature | Hive.blog | Steemit.com |
|---|---|---|
| Ownership | Community-driven, decentralized post-fork from Steemit | Centralized under Steemit Inc., influenced by TRON |
| Reward System | Users earn Hive and Hive Dollars (HBD) | Users earn Steem and Steem Dollars (SBD) |
| Development | Actively developed with frequent updates | Limited updates post-acquisition by Justin Sun |
| User Governance | Strong community governance | Governance influenced by centralized authority |
| DApp Ecosystem | Growing ecosystem with various applications | Established but less active ecosystem |
Overall, Hive emphasizes decentralization and community control, while Steemit has faced criticism for its governance issues and centralized management.
Furthermore, Hive offers fast transaction confirmations typically under 3 seconds boosting user experience.
While both the platforms host dApps but Hive is growing fast with multiple applications that promote user engagement.
Hive has strong focus on community governance and decentralization through the Decentralized Hive Fund (DHF) while in case of Steemit, it has a more centralized governance influenced by TRON, which can affect DApp development and management.
What are your thoughts?
It's me, @justmythoughts, an ordinary Hive user looking to make the most of the platform. I will appreciate your support. Follow me for more. Thanks, Gracias :)
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