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![Polish_20230530_221315791.jpg](https://images.hive.blog/DQmc9FLrVQ2Tf1v6u1HVwYpCCPBQym3awQBDYZWLKJ7VPtE/Polish_20230530_221315791.jpg)

Since [Blockchain](https://ecency.com/post/@leoglossary/blockchain) So many things has changed especially in the world of crypto and finance. With the power of [Blockchain](https://ecency.com/post/@leoglossary/blockchain), you can trace transaction on crypto from now back to 2010 without missing any transaction. Something that can take months if you want to trace it without Blockchain. <p>In this post, we are going to discuss facts about Hive Blockchain. We will know the different between Hive and HIVE. What is HBD and HIVE Power.

* [Hive](https://ecency.com/post/@crypto-guides/what-is-hive-crypto-hive)

[Hive Blockchain](http://hive.io/) is known as Hive while the cryptocurrency is HIVE. Hive is [web3-0](https://ecency.com/post/@leoglossary/leoglossary-web-3-0) Blockchain build to lead all other web in Blockchain. [Hive](https://ecency.com/post/@crypto-guides/what-is-hive-crypto-hive)    is a decentralized Delegated Proof of Stake (DPoS). For 7 years now, Hive has stood time of text and it is still standing. [Hive](https://ecency.com/post/@crypto-guides/what-is-hive-crypto-hive) prove to be the best web-3-0 Hub. When you are looking for an unmutable [Blockchain](https://ecency.com/post/@leoglossary/blockchain), you will think of[Hive](https://ecency.com/post/@crypto-guides/what-is-hive-crypto-hive). Hive is for people and people for Hive. You can join [Hive Blockchain](http://hive.io/) anywhere in the world. That is power of [Blockchain](https://ecency.com/post/@leoglossary/blockchain) 

**How can you join Hive**?

The requirements to join Hive is so simple. It is made in a way that the rich and the poor can thrive on [Hive Blockchain](http://hive.io/). As I said before, [hive](https://ecency.com/post/@crypto-guides/what-is-hive-crypto-hive) is for the whole world. What you need is your username and phone number. Take **note** username cannot be changed once it is registered and one phone number is for one registration. That is for new user who want to join Hive.<p> there is communities on Hive where you can subscribe to. Remember hive is different from other web2 social media where you can copy and paste or share what other people wrote. How it is done on [hive](https://ecency.com/post/@crypto-guides/what-is-hive-crypto-hive) is different.  Different communities on hive covers different topic. As you subscribe to each community, you go through the rules and know what to post in the community. <p> we have community for food where you can write all food related stuff. There is community for game like Splinterlands, PeakD and HiveBlog. We also have the top community where you can write all post on [business](https://ecency.com/post/@leoglossary/leoglossary-business) [finance](https://ecency.com/post/@leoglossary/leoglossary-finance), [cryptocurrency](https://ecency.com/post/@leoglossary/cryptocurrency). They are out to help you know all of this and more. This community also have Twitter like front end where you can can create 240 words. You engage with others and earn crypto doing so. Not only that, they have a 2 Layer token on Hive called $Leo. If you join this community and learn how it works and understand it. You will enjoy Hive like no other. I know you really want to know which community is this. The community is [leofinace](https://ecency.com/post/@leoglossary/leoglossary-what-is-leofinance) . Once you have an account on Hive, you can have access to all the communities with your login key. You can quickly go to [threads](https://leofinance.io/threads/view/fexonice/re-leothreads-68bbdfmf) now and make your first thread. <p>On leofinace, we have an ongoing adoption campaign which started on May 1st and it will end on June 20th. Here is the [link](https://zealy.io/c/leofinance-4960/invite/9O9JHnMJb5Y6TOmvhD3P2) to join now. $10,000 and 200,000 HP is for all the winners. You can see that, what you have been looking for outside is on Hive.

**Let us now talk about Hive cryptocurrency HIVE**

Hive rewards all members who create original content on the [Blockchain](https://ecency.com/post/@leoglossary/blockchain) with HIVE, HBD AND HIVE POWER. take note original content. It means that, copy and paste is not allowed. If you must use image from internet, it will be from free site and you must include the link to give credit to the owner. <p>You will not do self plagiarism by reposting what you have posted before. Hive love proof of brain. All your pictures and stories must be original, with that you will earn HIVE. You can also invite your friends to join you on Hive and earn HIVE like you. 






* [HBD](https://ecency.com/post/@leoglossary/leoglossary-hive-backed-dollar-hbd)

**What is HBD and why do is it important to have it on Hive**?

Hbd is Hive-backed-dollar. It is a stable coin on [hive](https://ecency.com/post/@crypto-guides/what-is-hive-crypto-hive) just like USDT. Stable coin is where traders of crypto invest their [money](https://ecency.com/post/@leoglossary/leoglossary-money) during bear [market](https://ecency.com/post/@leoglossary/leoglossary-market) as you know crypto is volatile in nature. It goes up and down just like any other business. Stable coin is a good investment. It is better than keeping your fiat in the bank. <p>For example if you have 2,000,000 NGN in the bank for past 2 years and the same amount in stable coin like HBD for this same 2 years. The value of your fiat will depreciate while the value of your HBD will appreciate. You may be wondering how? Let's find out. <p>Price of things in the market has risen 3 or more times since then reducing the value of your money. For example, a bag of Rice was 20k then and now 45k. You can see what I am talking. And the percentage you will get from [bank](https://ecency.com/post/@leoglossary/leoglossary-bank) will be very small. <p> what happen to your HBD investment it must have increased with 20%. Let me shock you a little. Let say you have a total of 2,000 [hbd](https://ecency.com/post/@leoglossary/leoglossary-hive-backed-dollar-hbd) . Every month, Hive pays out the dividend or ROI of how many you have. Let say you are receiving 40 hbd every month times it by 24 months. You must have gotten another 980 hbd for that 2 years. This is what make [HBD](https://ecency.com/post/@leoglossary/leoglossary-hive-backed-dollar-hbd) different from other stable coin in the market. <p>Hbd is a stable coin for all who love  investment. No crash of [cash](https://ecency.com/post/@leoglossary/leoglossary-cash). Your [investment](https://ecency.com/post/@leoglossary/leoglossary-investment) is intact all the time with interest. It is one of the crypto we earn on [Hive](https://ecency.com/post/@crypto-guides/what-is-hive-crypto-hive). I am going to show you the break down now on one of my post.
![Screenshot_20230601_180831.jpg](https://images.hive.blog/DQmUyUDEFjG36RH2Wht75iuVnHqnq87zrkNYFVYoEbVac8u/Screenshot_20230601_180831.jpg)
This is how the pay out is. You can convert Hbd to HIVE or HIVE to HBD.

* [hive power](https://ecency.com/post/@leoglossary/leoglossary-hive-power-hp)

HIVE POWER is HIVE when it is converted to power or stake. In another word lock up. When hive is locked up, it is called HIVE power #hp. As you create your account on hive, hive wallet was created too. 

![Screenshot_20230601_163314.jpg](https://images.hive.blog/DQmdXFxbduaLPUYKnpzmtS6XsmuuNK2yWnHVYcT36p1GAaU/Screenshot_20230601_163314.jpg)
*Screenshot of my HIVE wallet*
You can see HIVE and HIVE Power, the HIVE  power is what gives you influence in the community base on how many HIVE power in your wallet. Here on Hive, we like post which is called upvote. When someone upvote your account, the hive power will mint new HBD and HP. The value of $ it gives you also depend on the amount of HP in that person's wallet. <p>You can invest in HIVE as much as you can and then power it up. It becomes HIVE power. Then, you can upvote or like another author post. Each post you upvote, you have reward also. On Hive rewards are shared into two. For example, if the value is $10. At the end of 7 days when the post will pay out, you will earn curation rewards $5 and the author of that post will earn $5. You can now see why you need to have more HIVE Power on hive Blockchain. <p>It does not stop there. Because you have HIVE power, you will earn 3% of your stake annually. Again, if your total HIVE power was 50,000 on the day of investment. It will not remain 50k because of the curation rewards, it will keep on increasing each day. If you want your HIVE to increase, you have to power it up. If it remain liquid HIVE, it will never increase in number. <p>You may want to know other ways you can increase your HIVE power on Hive. There is program on Hive called HIVE POWER UP DAY OR HIVE POWER UP MONTH.  This two program was designed to help all hivers to increase their HP by participating in it. Every first day of the month is #hpud . And I have done my today. Below is the proof.

![Screenshot_20230601_120409.jpg](https://images.hive.blog/DQmbQ2DGK9mPcDpChDVuX8twgobVup3F7NDsASgeRpiZqPk/Screenshot_20230601_120409.jpg)
I powered up 20 HIVE today. It is done monthly while the other program could be any time of the month. Make sure you power up and follow the rules. As you enjoy your stay on Hive, you will understand it better and love it the more. <p>The benefit of this #hpud is that, at the end of the day, @hivebuzz and his team will gather all the names of those who participated in this power up day and reward the winners accordingly. We also have great leaders who want you to grow on [Hive](https://ecency.com/post/@crypto-guides/what-is-hive-crypto-hive) who will delegate some of their HIVE power to you. <p>That brings us to yet another part of HIVE power. Delegation is another way to earn and to support communities, individual on [hive](https://ecency.com/post/@crypto-guides/what-is-hive-crypto-hive). When you delegate HIVE power to community account, you will receive rewards base on how much delegation you gave. If you receive HIVE power as a person, it will help to increase your HIVE Power as you use it to curate other authors original content. There is much to learn on [hive](https://ecency.com/post/@crypto-guides/what-is-hive-crypto-hive) and much to earn on Hive. You are going to know more about other 2 layers token on Hive. How to earn them, how to stake them and how to swap them to fiat. [Hive](https://ecency.com/post/@crypto-guides/what-is-hive-crypto-hive) is a hidden treasure. Only those who are patient and persistent will dig it out and enjoy it. <p>Hive is not just about crypto and earning. [Hive](https://ecency.com/post/@crypto-guides/what-is-hive-crypto-hive) touches all aspects of human life. <p> Whatever is your passion in life. Whatever is your favorite in life. Whatever is your hobbies in life. You will see community that is into that. You will make the most quality and successful friends  on Hive. You been on Hive is a blessing to you and to your generation because you have found the way to financial freedom. 

Lastly, I want you to know that transaction on Hive is free. Transaction is in 3 seconds. Hive is very Fast and easy. 

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Posted Using [LeoFinance Alpha](https://leofinance.io/@ijelady/facts-about-hive-blockchainhivehbd-and-hp)