Hive is one of the most up-to-date blockchains at the scene, having been created on March 20, 2020 as a hardfork from the Steem blockchain. Hive is supposed to maximise the decentralization of the social blockchain following the corporate takeover of Steem and Steemit by the Tron basis and its CEO Justin solar. Hive remains a social running a blog platform that consists of cryptocurrency rewards and promotes decentralized programs (dApps) and the use of smart Media Tokens (SMTs). The Hive platform permits users to submit their own authentic written articles, that are stored immutably at the Hive blockchain. Creators are rewarded with the native Hive dollars (HIVE) via other users upvoting their content material. The rewards are dispensed based totally on an inflation mechanism that’s protected in the blockchain code, and by means of the cost of the HIVE token. HIVE is the bottom liquid currency token within the platform. HIVE may be powered up into Hive strength, traded for Hive bucks, or transferred to other bills. it is a cryptocurrency token, just like bitcoin.