HBD

#BitcoinHashRateSurge I will continue talking about #HIVE and it is possible to create social media content in web3 and receive $HIVE as a reward, plus it has its stable pair to the USD the #HBD which has an APY of 14% in stake. Yesterday, a volume of more than 200M $ was moved, it is becoming known!

Hive will reach at $1?

Hive is a decentralized blockchain ecosystem built on the Delegated Proof of Stake (DPoS) protocol. The project is tailored for broad Web3 adoption and it supports a fee-less operation through a their Resource Credit system. This system enables substantial content storage and time-based monetization opportunities, which is advantageous for content creators, developers, and consumers. According to their website, Hive provides a quick, scalable, and flexible solution within the blockchain space.

Hive uses a system called Delegated Proof of Stake (DPoS) at its heart. This allows those holding the HIVE cryptocurrency to vote for certain individuals, known as witnesses, to oversee the network's operations. Each Hive account holds a certain amount of credits related to its stake (Hive Power).  Called Resource Credits, they are used when transactions are executed, and then recovered over time. Hive also has a component called the Hivemind layer, which helps the blockchain store and manage more data. This makes Hive flexible enough to support a range of digital apps.

As per the team, Hive is suitable for multiple utilities from social media to gaming apps and decentralized financial services. It lets users make money from their content using its own currencies—HIVE and Hive Backed Dollars (HBD). #HBD $HIVE