![XsnzlWHl-social_hive_flare.jpg](https://files.peakd.com/file/peakd-hive/vagabondww/23tkmuVXmcsV7kc3SsT8kx4jDjK5ETApCEx85yhwzFKCs5kFLm9UV3L7VPhhFe3harBKn.jpg)

Hello Dear Lions,
I am coming with another post. In this post i am going to submit my entry for the [Zealy Adoption Campaign by @leofinance](https://leofinance.io/posts/@leogrowth/prepare-for-our-adoption-campaign-or-10k-usd-prize-pool). There are so many Adventures on the campaign. Basically I am writing this post for **The Finance Bro Adventure** Quest.

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## The Finance Bro Adventure

![2gsjgna1uruvGBHDnRaj2z6FsL6XEQR3pnqa26GnVngokhotpuz4q2J3LJE68Tto2mE6zNPkFWXo1JM1rSBo2V6cAtETDTkpH44wyFP9oA3ZX8BWRc.png](https://files.peakd.com/file/peakd-hive/vagabondww/23xKjeqpMiV3P5eJtgZuLQ6GHELXFazZwdmiMWjchcVkLY4CStg7RVT9UPQbs8FAZEQsk.png)

Long Form content is a key Feature on Leo Finance.

This Adventure is for those who are into Money-related content creation, or those who want to learn about these topics! After all, Leo Finance wants to provide our users the tools to become financially savvy and achieve financial independence.

## GUIDE 📚
This is the largest adventure and it will require research from you, make sure to pace yourself and take the Quests step by step.

- You don’t have to be an expert to finish this Adventure, but you will need to do some research (and cite your sources).
- Do not use AI for the article.
- Beware of grammar/spelling mistakes. If the article is unreadable or has too many spelling mistakes it won’t count for this task.
- Do not plagiarize. If you use sources, cite them at the end using the format [ ] ().
- Use any relevant tags, including tags related to the title of the post.
- You have to connect your LeoFinance account to your Zealy account, otherwise there’s no way for us to approve this quest.

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In this post I am going to share my Analysis about **[Hive Blockchain](https://leofinance.io/@crypto-guides/what-is-hive-crypto-hive)**. Before writing this post I got knowledge about it from different places. In this regard I have studied articles from different platforms. So let's start now.


- **What is Hive**
[Hive](https://leofinance.io/@crypto-guides/what-is-hive-crypto-hive) is an innovative and forward-looking decentralized [blockchain](https://leofinance.io/@leoglossary/blockchain) and [ecosystem](https://leofinance.io/@leoglossary/leoglossary-ecosystem-digital) built on the [Delegated Proof of Stake( (DPoS)](https://leofinance.io/@leoglossary/leoglossary-delegated-proof-of-stake-dpos) protocol. It is the first highly-scalable DPoS blockchain independent of central authority that addresses the problems of mass adoption and versatility of use. Hive allows the easy storage and retrieval of immutable strings of [data](https://leofinance.io/@leoglossary/leoglossary-data) and information. It sports three-second zerofee [transactions](https://leofinance.io/@leoglossary/leoglossary-transaction) and is designed to store vast amounts of content and to make it available for time-based monetization. Hive recognizes that transaction fees are often one of the largest challenges to facilitating development and flexibility of use on a blockchain. Instead of requiring potentially costly and inconvenient transaction fees, Hive uses a novel stake-based [Resource Credit](https://leofinance.io/@leoglossary/leoglossary-resource-credits-rc) mechanism to create a fee-less model. Hive also aims to overcome mainstream adoption shortcomings in blockchain technology and content publishing by improving on their accessibility. It [leverages](https://leofinance.io/@leoglossary/leoglossary-leverage) the coined Proof-of-Brain (PoB) concept by distributing a portion of the inflation to content creators and consumers. To earn without financial [investment](https://leofinance.io/@leoglossary/leoglossary-investment), individuals partake in a wide range of activities. Those include blogging, participating in discussions, curating others, building and engaging with dapps, playing games and more; their limits are only constrained by their own imagination to further the [decentralization](https://leofinance.io/@leoglossary/leoglossary-decentralization) of the system. All content is always readily-available on the blockchain and retains its original integrity. Since its inception, Hive has steadily grown as an ecosystem. Myriad dapps, APIs and front-ends contribute to a general and straightforward accessibility of data, transactions and records, so that this existing diversity and utility ensure that the ecosystem is welcoming to content creators, consumers, [investors](https://leofinance.io/@leoglossary/leoglossary-investor) and builders. Hive was created as an independent and decentralized fork of the Steem blockchain. As a community-driven fork, its intention is to continue the strong community values that have been established, while also freeing the ecosystem from the burden of Steemit Inc. and its disproportionate influence. While that influence had threatened Steem’s decentralization since its inception in 2016, it was kept in check by the means of a social contract. Following the sale of Steemit Inc to Sun Yuchen of the Tron Foundation In February 2020, the exploitation of this influence and loss of confidence in the continued viability of Steem ultimately led to the creation of the Hive blockchain.

![4WaiXF2y-opengraph3x.png](https://files.peakd.com/file/peakd-hive/vagabondww/23wXNYW4Z49XFNiJvNe2pnTaCHCcRPnFTUw6E1zazStrhBqK7bxdC4k8x9v3kGEwVdXnU.png)

Hive was founded on March 20, 2020, by a vast community of decentralization proponents who were concerned that public blockchains were falling into the hands of corporations and decided to take action to protect their cause. The platform is a decentralized network for exchanging and storing digital information that also includes a blockchain-based financial ledger built on the Delegated Proof-of-Stake (DPoS). To put it simply, Hive is a social network of applications and services that allows you to connect, share, and discover with blockchain technology at the heart of this project. Hive serves as a blockchain for [DApps](https://leofinance.io/@leoglossary/leoglossary-decentralized-applications-dapps), as blogging experiences, sharing videos, live streams, audio, and photos are given ownership back to the creators. Hive does this through equitable redistribution of value generated to the individuals who developed the content; on the blockchain, the users are the actual proprietors of this decentralized network. Moreover, Hive’s [peer-to-peer (P2P)](https://leofinance.io/@leoglossary/leoglossary-p2p) network allows sponsors and marketers to connect directly with the artists, communities, and fan bases they support without the need for intermediaries. This is one of Hive’s many proven use cases. Finally, created as a public fork of the centralized Steem blockchain, Hive developed a unique, future-minded decentralized blockchain and ecosystem designed to scale with universal adoption of the cryptocurrencies and platforms in mind.

- **Why Hive Became so Popular**
Hive is growing in use cases since it provides a simple gateway into the [cryptocurrency](https://leofinance.io/@leoglossary/cryptocurrency) space for both [developers](https://leofinance.io/@leoglossary/leoglossary-developer) and users, making it simpler to utilize and build decentralized applications. Since Hive transactions are fee-less and quick, users may develop dapps without the need to pay hefty fees in crypto or deal with complicated gas calculations, which are the two most significant impediments to enterprises joining the blockchain space. As it combines lightning-fast processing speeds and fee-free transactions, you may develop and launch your dapp with the capability of handling a large number of transactions while incurring no expenses. Therefore, Hive is well-positioned to become one of the most extensively utilized [Web3](https://leofinance.io/@leoglossary/leoglossary-web-3-0) blockchains in the world.

![image (3).png](https://files.peakd.com/file/peakd-hive/vagabondww/23xpTmPoAPCDFc4R7sMuRg5YnkdjrTXG8Rsa5tLmiEAebWSnwXXVvNZZCJo45wfyCDscp.png)

- **What is HIVE cryptocurrency**
HIVE is the native cryptocurrency and [governance](https://leofinance.io/@leoglossary/leoglossary-governance) coin of the Hive blockchain. By [staking](https://leofinance.io/@leoglossary/leoglossary-staking) HIVE, you’re afforded the ability to transact and influence governance on a truly censorship-resistant [network](https://leofinance.io/@leoglossary/leoglossary-network). With no pre-mine and an excellent [token](https://leofinance.io/@leoglossary/leoglossary-token) distribution that sees no single account currently owning even 5% of the total supply, HIVE is growing organically while remaining secure. In order to give the best chance of spreading Hive's governance token as far and wide as possible, it employs a unique stake-weighted voting system on content to distribute inflation via a rewards pool. HIVE crypto will always have value as long as HP gives you the ability to operate on this immutable network.

- **How to Get a Hive Account**
How to get a Hive account: The easiest way to get a Hive account is to click the get started button at the top right corner of leofinance.io and sign up via [Twitter](https://leofinance.io/@leoglossary/leoglossary-twitter). All you need is a Twitter account and they instantly will be given a Hive account to use on any Hive front-end or app. From here, you’re able to download your [private keys](https://leofinance.io/@leoglossary/leoglossary-private-key) and take full ownership of your Hive account.

![VDkbO2gh-social_hive_dark_watermark.jpg](https://files.peakd.com/file/peakd-hive/vagabondww/23tbMTX77iKs3vjqtcWPt2oVf6sJuWTCdNZfGofiiNKxE3uHuUEsDe85tbeehMzYrvUBp.jpg)

- **Hive's Cryptocurrencies**
Hive actually has 3 different cryptocurrencies:

1. **[HIVE](https://leofinance.io/@crypto-guides/what-is-hive-crypto-hive)**
2. **[Hive Power (HP)](https://leofinance.io/@leoglossary/leoglossary-hive-power-hp)**
3. **[Hive Backed Dollars (HBD)](https://leofinance.io/@leoglossary/leoglossary-hive-backed-dollar-hbd)**
Each of the Hive cryptocurrencies is linked and perform a different role for users of the blockchain.

- **$HIVE**
$HIVE is the main [currency](https://leofinance.io/@leoglossary/leoglossary-currency) used on the Hive blockchain. It’s the standard, liquid cryptocurrency that you can use, earn and instantly transfer to other Hive accounts for free.

- **HIVE POWER**
Hive Power is HIVE that has been staked to your account in a process called “powering up”. It’s the illiquid version of HIVE crypto as once you’ve staked HP, it cannot be transferred without first unstaking it over a 13 week period with 1 equal payment per week. The more HP you have, the more RCs (replenishing, non-transferable credits on your Hive account that allow you to transact on the blockchain) you will have. HP allows your account to endlessly transact for free on the Hive blockchain.

- **$HBD**
Hive Backed Dollars (HBD) is a Hive’s own [stablecoin](https://leofinance.io/@leoglossary/leoglossary-stablecoin) pegging Hive to the USD. 1 HBD should always equal $1 USD of HIVE and can be instantly converted using the network’s internal [market](https://leofinance.io/@leoglossary/leoglossary-market). The major advantage of HBD is for Hive-based eCommerce stores to price products in the more stable HBD, rather than the more volatile HIVE currency itself. Distribution of HIVE via the Hive rewards pool. The Hive rewards pool the blockchain’s way to distribute new tokens via inflation. It’s important to understand that your upvote’s value comes from newly generated tokens within the rewards pool and not from your own stake. If you have a staked HP, then you have a say in how the daily rewards pool is shared via your upvote. The more HP you have, the bigger your upvote will be worth. The rewards pool offers content creators and curators an incentive to use Hive based front-ends for their blogging, with the aim of populating front-end domains with quality content. Put simply, the Hive rewards pool is constantly fluctuating based on price and other factors and its total can always be viewed via a [block explorer](https://leofinance.io/@leoglossary/leoglossary-block-explorer).

![hive2021.png](https://files.peakd.com/file/peakd-hive/vagabondww/23tRxoVqrw1UhnYWzyXdjSWsvMxpyJTdRn73y4WhH6AnKGUbj9FStHSoFzKFS799qn8UH.png)

- **Hive Ecosystem**
The Hive community has contributed to over 126 dapps and projects, which have been “BUIDL’d.” You may find them all on the website HiveProjects.io. The following is a list of the type of [applications](https://leofinance.io/@leoglossary/leoglossary-application) and communities that make use of Hive:

- **Game**
- **Social**
- **[Non-fungible tokens (NFTs)](https://leofinance.io/@leoglossary/leoglossary-non-fungible-token-nft)**
- **[Decentralized finance (DeFi)](https://leofinance.io/@leoglossary/leoglossary-decentralized-finance-defi)**
- **Tools**
- **Video**

By the same token, Hive is used by thousands of individuals across a wide range of dApps daily, including:

- **Dapp.com**
- **State of the Dapps**
- **HiveDapps**
- **Dapp Review**

![image (2).png](https://files.peakd.com/file/peakd-hive/vagabondww/23y8zFG6PW1gf9m9Nt3Yf1BBq1z4euzTnjrk31Khmyr1YjqV8LXT6Licm4gqmhvxxe9Q9.png)

- **Hive Wallets**
The door to an entire ecosystem of blockchain-based opportunities opens up through a Hive wallet address, including a thriving social network, expanding potential clientele, and other innovative features. Unlike other blockchains, Hive’s wallet addresses are simple words like your name, pet’s name, or favorite character from a film. In addition to being a cheap and straightforward method to transfer tokens, your [wallet](https://leofinance.io/@leoglossary/leoglossary-wallet) address is also used as a [social media](https://leofinance.io/@leoglossary/leoglossary-social-media) account on many social media applications and as an account name in several Hive-based apps. For interacting with Web3 applications as well as keeping your cryptocurrency safe, wallets are essential tools. For Windows, macOS, Linux, iOS, Android, and Web, Hive offers numerous open-source and community-owned wallets available.

There are presently eight wallets available, which includes the native wallet that comes with the Hive account; these include:
- **Vessel**
- **Keychain**
- **Ecency**
- **Peakd**
- **LeoFinance**
- **Hive.Blog**
- **Actifit**

![hivee.png](https://files.peakd.com/file/peakd-hive/vagabondww/23uFw4yxcUYwW9K9cWKAB1qkoKpnAjsHL9RBE7tSmi3ScyeMsqfGWozHaqWDyHeaPm2vX.png)


Overall, the Hive is a network created by individuals who are enthusiastic about what they do and understand the value they provide to the world. Furthermore, during the last five years, Hive has been used in hundreds of applications, groups, and projects worldwide, demonstrating its versatility. Hive is the world’s first massively scalable [proof-of-stake](https://leofinance.io/@leoglossary/leoglossary-proof-of-stake-pos) blockchain that is completely decentralized and user-controlled. Combining lightning-fast processing rates with fee-free transactions, you may use your app to complete a huge number of transactions without incurring any fees. To facilitate secure transactions, Hives’ native cryptocurrency is listed on prominent exchanges. 
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So that's all for this post. I am so glad to be a participant of the Zealy Adoption Campaign. You can also Participate on this Campaign. Join the campaign through my link :- https://zealy.io/c/leofinance-4960/invite/Sm_CZ5DjGnDXcVGdk_PSe

**There is a total of $10,000 USD Prizepool in this Campaign. So don't be late to participate in this amazing campaign.**


![HNWT6DgoBc1692QWn5trsGLxi44TrGuNZJMEdibB8RCSzC8fN1PYVRx5QRZtBTWHYQLKGEPV5JGrTa7Ufa3J9peBYJtLy8bMEGmfMWW5yvQp5zv6HqUzRzdEsE6 (1).png](https://files.peakd.com/file/peakd-hive/vagabondww/23vsBVeostuqJsY7zUXdB8aSraZ8X8DxeML1oWDZHVHSoVy9kBsjrpCFh2HpqQ7jdqAJL.png)

<center><sub>article source: [1](https://hive.io/whitepaper.pdf), [2](https://leofinance.io/posts/@crypto-guides/what-is-hive-crypto-hive), [3](https://finbold.com/guide/hive-io-blockchain/), [4](https://hive.blog/@hiveio)</sub></center>

- <sub>Images from @hiveio profile</sub>

Thanks for reading my post. Thanks for supporting me. I will be back with another exciting content soon. Till then good bye and have a good day.

Sincerely yours,
@vagabondww

Posted Using [LeoFinance Alpha](https://leofinance.io/@vagabondww/what-is-hive-blockchain-and-how-it-works-how-to-earn-hive-by-creating-content)