There are numerous questions that arise in one's mind, and the answers are critical. Today I was thinking about how HIVE and BITCOIN differ from one another and what factors have caused them to diverge. To determine the differences, I conducted research on both of these crypto coins and shared what I learned.

Hive is without a doubt a decentralised content creation platform that is based on social media. HIVE users use this platform to publish content and earn content rewards in exchange. It has an upvoting system similar to #facebook that allows you to like any of your friends' posts.

THE KEY DIFFERENCES BETWEEN HIVE AND BITCOIN

The only difference between #facebook and #hive is that you cannot earn by liking other people's posts on Facebook, whereas you can earn curator and author rewards on HIVE. Each of your upvotes has a value, which is determined by Hive power. It is a decentralised platform governed by top witnesses.

Bitcoin is without a doubt the king of cryptocurrency and a respectable coin that allows you to buy and sell in the market. Bitcoin is the largest coin in terms of volume and has been ranked first. This coin drives the entire cryptocurrency market, whether it is rising or falling.

There is no such platform for earning Bitcoin, but it does allow you to mine. There are huge miners who care about BTC and are creating BTC coin. BTC has a maximum coin supply, after which no more coins can be printed, whereas HIVE has an unlimited supply that grows over time.

HIVE is a blockchain-based social media platform that works in the same way as Facebook and other social media blogging platforms. It employs a cryptocurrency known as HIVE to incentivize content creation and platform engagement.

The way that HIVE and Bitcoin handle transactions and consensus is another difference. Bitcoin uses a proof-of-work consensus algorithm, which is slow and energy-intensive.

HIVE, on the other hand, employs a Delegated Proof of Stake (DPoS) consensus mechanism, which uses less energy and speeds up transaction processing.

Additionally, HIVE has a built-in incentive system to encourage content producers and curators. By publishing and curating content on the platform, users can earn HIVE tokens. They can also earn tokens by taking part in the governance of the platform.

This incentive programme fosters the growth of a vibrant user base that is vested in the platform's success. Additionally, the rewarding system is more alluring to various content writers, and this platform has a bright future.

Along with features like user profiles, commenting, and voting, HIVE has a more developed social media platform than Bitcoin. This makes it possible for users to have a more interactive and engaging experience, which may result in more varied and meaningful content on the platform.

Bitcoin and HIVE have some significant differences, including:

• HIVE is used to reward users for creating and participating in content on social media platforms, whereas Bitcoin is primarily used as a decentralised digital currency.

• Unlike the flexible supply of the HIVE token, which can grow over time, Bitcoin has a fixed maximum supply of 21 million coins.

• HIVE is primarily focused on creating a community of content creators and curators, whereas Bitcoin is primarily focused on peer-to-peer transactions and digital currency.

• Unlike HIVE, which has a decentralised governance system that allows token holders to vote on decisions that affect the platform, Bitcoin is decentralised and lacks a formal governance structure.

• While HIVE is a platform for a wide variety of decentralised applications (dApps) and use cases, Bitcoin is primarily used as a digital currency.

In conclusion, HIVE and Bitcoin are two distinct projects with various goals, token economies, governance structures, and communities. HIVE is used to reward users for creating content and participating in social media platforms, in contrast to Bitcoin, which is primarily used as a decentralised digital currency.

HIVE is more robust than Bitcoin thanks to the additional features like DPoS consensus, a reward system, and an interactive platform. HIVE, in my opinion, is much more alluring and fascinating because it gives you access to a variety of tasks and features.

You can use the HIVE platform for content creation, curation, earning different tokens, using different dapps, microblogging, delegation rewards, and many other things. While BTC allows you to transact, trade, mine, and perform limited tasks. If the same amount of attention and volume is directed toward #hive rather than BTC, the price of hive coins could skyrocket into the millions of dollars.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

• NOTE: PICTURES ARE TAKEN FROM CANVA AND EDITED IN CANVA.
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DISCLAIMER

Please keep in mind that I am not a financial advisor. Never, ever take anything I say as financial advice. Conduct your own research. Before making any investment decisions, consult with a professional investment advisor! My posts are strictly for entertainment purposes!

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