HIVE to Fiat Converter

Hive (HIVE) is a blockchain that operates on a delegated proof-of-stake (DPoS) consensus mechanism. It originated as a hard fork of the Steem blockchain, designed to serve as a bridge between Web 2.0 and Web 3.0. The platform emphasizes fast transaction processing and fee-less transactions.

Hive supports various applications, including social media platforms that reward content creators, blockchain-based games, identity management systems, and micro-loans. It hosts decentralized applications (dApps) such as Splinterlands, PeakD, and HiveBlog.

As a social network of apps and services, Hive enables users to explore blockchain technology, engage with the platform, and share content while benefiting from a value redistribution model. Users maintain ownership of the network, allowing sponsors to interact directly with creators and communities without intermediaries.

Built as an open-source blockchain, Hive prioritizes scalability through layer-2 sidechains while relying on a layer-1 backbone to ensure data integrity. The ecosystem operates using two native tokens: HIVE, the governance token, and HBD, a USD-pegged stablecoin.