What makes Hive unique from other blockchains?
The blockchain and crypto world is expanding at a very rapid rate. Russia has announced that they are not going to ban cryptocurrencies anymore but instead, they are going to regulate. India also recently announced their plan to regulate and even mentioned that they are going to come up with their own cryptocurrency. These are all looking good. Many new blockchains are born in the crypto world with so many opportunities in front of us.
Even though the crypto world is very big, I still have some favoritism towards Hive and want Hive to be the rockstar of all. I personally believe that it is already better or unique or great than other blockchains or at least some top chains but still we have challenges in getting the visibility we need.
Free transactions
There are only a few blockchains out there that offer free transactions. Some people might argue that transactions are not 100% cheap but they are in the form of Resource Credits. But the good thing is that we are not depleting the resource credits completely. Even if we use them, they are going to heal back. It is not like we lose something permanently for transacting. This is one of the biggest features of Hive.
This is also one of the reasons why we are able to think of many projects on Hive and we are able to deploy them at a low cost. People are building new projects and sidechains on top of Hive with the advantage of free transactions on-chain.
Strong community
Not all blockchains have a strong community. The strength comes here by frequent discussions on-chain and through other supporting applications. As we have blogging capabilities on Hive, people are able to make friends and interact with others. Most of us know people here for more than 4 years and sometimes we even know what people are doing on a day-to-day basis because there is so much happening and being shared with the community. With the help of this blogging capability, the community leaders are able able to share many things with the community. This becomes one of the biggest strengths here. By talking about many developments and games and strategies, we are able to keep building the community.
A platform that suits multiple needs
Most of the platforms are treated like a single-purpose blockchain that is built or being used regularly for one single purpose. Even though Hive also started initially as just a blogging platform, today we have so many opportunities inside Hive. Almost all the attractive crypto things we have in the blockchain world are available on Hive too or at least we have the facility to build them on Hive.
Hive stepped up to become a platform than being just an ordinary blockchain with only a few use cases. One set of people are building tokenizing capabilities on Hive, another set of people are working on building games on Hive, blogging is still one of the key features and we have almost everything in this platform and that's what makes Hive unique.
Decentralized stable coin
There are no other blockchains out there that have a decentralized stable coin. If we look at the other stable coins, it is centralized in one way or the other but HBD is very good when it comes to decentralization and it also looks pretty stable. When we had this recent dip, HBD did really well and it maintained the price very well. Having a decentralized stable coin makes the blockchain unique from others. This can also attract more investors to the chain because Hive is offering 12% interest on stable coin investment and the locking period is also very minimal.
Still undervalued cryptocurrency
If people are looking for projects to invest in early, I would recommend Hive. The main reason is that we are still undervalued in terms of price. The price of Hive should have been more than 10$ at least and some people even think it should hit 100$ or at least it has the potential to reach such a price. Considering the fact that we have so many opportunities inside Hive, the value of the token is undervalued creating a great opportunity for people to even enter now. Nobody would have imagined Hive would pump huge this year. It was silently sitting at 19 cents last year. This fact also makes it unique that inspite of having so many great use cases on Hive, the coin is still undervalued.
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Posted Using LeoFinance Beta
You hit all the high points of this blockchain perfectly! I'm still pretty new to blockchain technology and web 3.0, but the more I learned about Hive, the more I realized that this place is uniquely special - a true diamond in the rough. The barrier to entry: $0. Price of interactions: ~$0 (just gotta build up HP in order to really invest in the interactions, which isn't hard to do). Community: very warm, welcoming, and superbly helpful to newbies who are struggling to learn. Economy: growing, but solid and scalable (for the reasons you listed, HBD in particular provides a security which few other coins provide).
What's not to love about this ecosystem? I've personally been singing its praises to any who have an ear to listen, and I'm just a crypto noob!
Thanks again for your perspective, love the "enthusiast's take" on the Hive blockchain!
Welcome to the community and i wish you slowly learn all these concepts and fit yourself in a better place here.
One of the reasons Hive is unique is why I am here posting😆.😛
But like all cutting edge inventions in life, it will either morph into something in the future or it will be merged into another bigger project.
Pretty much like America Online, Prodigy and Compuserve, they morphed into a bigger pond called "The Internet"
Hopefully by the time the "migration" takes place, I can convert my Hives into the new crypto whatever it is.
Or it will evolve into something bigger. Good thing about decentralization is that it will keep going even if someone who started it is not there to continue it.
Hive is indeed a great platform, that’s is giving different individuals opportunity to earn and learn more about crypto currency world.
Investing in hive is a very good idea, because hive has a great potential.
Yes indeed you learn a lot here.
Yea🙂
Hive bring people together in the aspect of socializing with one another where you don't only earn but learn from others which is part of what is making the blockchain to progress.
We are able to communicate with people across the world with similar ideologies.
Yeah,this is surely true.HIVE is not like other blockchains, it is more improved than others and with added smart features on it,this make advantage for the people using this.
Thats why I LoVE HIVE.
Nice post, 👍
Apparently, hive is just the best.
I found myself here and it's been so great...
You hit the stone on the head with this post.
This is so much certainty all stated all at once.
Thanks for your comments. Cheers!
I have to agree with all the points above. The one that stands out the most to me is the free and fast transactions because this opens up the market for a lot of different applications to build on top of the block chain.
Posted Using LeoFinance Beta
Yeah that's one of the best features that attracts further developments on Hive.
Spitting facts my friend 👍🏻.
Hive is really helping me in learning,engaging with really intelligent and nice set of people,it's a very nice and friendly community 😊
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Summing up what you wrote about HIVE’s edge over other blockchain and crypto out there: feeless transaction; community as layer 0; over 126 apps, communities & projects; decentralized not only in name, but in reality; and above all, it is currently extremely undervalued.
Posted Using LeoFinance Beta