Hive is a Graphene-based social blockchain launched on 03/20/2020 with the core idea of decentralization. Hive‘s prime selling points are its true decentralization, speed and scalability. Other notable features include it having the lowest entry-barrier for user adoption in the market, time delay security, integrated token allocation, and the upcoming Smart Media Token integration. It is an ideal building location for a variety of innovative projects focused on a broad range of fields, from open source development to social games. Hive aims to be the preferred blockchain for dApp development.
What else does HIVE blockchain do?
Other than running multiple mining farms, HIVE blockchain also validates transactions on blockchain networks. Validation is an essential aspect of blockchain technology. This is because the technology is designed to be both transparent and immutable. Often, it is the data miner’s role to validate a transaction. In doing so, the miner is rewarded with the mining fee associated with a given transaction.
Validation helps ensure that the information being registered on the blockchain is legitimate and not falsified. Paired with the immutable nature of blockchain, this helps ensure the integrity of data stored on it.
HIVE validates transactions for blockchain networks and, in doing so, earns new crypto which can be used for revenue and cash flow. The HIVE website highlights how it offers shareholders exposure to the operating margins from cryptocurrency mining, plus a growing portfolio of crypto.
How do I buy cryptocurrency?
While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoin or another cryptocurrency.
To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or ethereum.
Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies.