There’s a big difference between Hive and other centralized platforms such as X (formerly Twitter), Instagram, Facebook, and others. The first major difference is that Hive is decentralized, while all of those are centralized, which makes Hive better.
The decentralized nature of Hive makes it better because it gives users maximum ownership rights, which means that absolutely no one on the platform or outside the platform has access to or control over one’s account or wallet unless the keys are willingly shared with someone. With this decentralized nature, the money earned will always be withdrawable from the wallet even if the Hive platform stops operating, unlike other platforms where, if they eventually stop functioning, everything including the money earned will be lost.
Currently, the price of Hive is looking very abnormal due to the heavy dip it has been experiencing for a couple of months, and this has made a lot of people feel that Hive is no longer a good place to be because the earnings are very poor. Some also feel that centralized social media platforms are better. Well, that’s understandable and true to an extent, but Hive is a cryptocurrency, and cryptocurrencies are bound to experience both downturns and upswings. So, what is happening to Hive currently is very normal. The good thing is that this is actually a great opportunity to earn more Hive, which could make anyone rich when Hive eventually rises again.
This is true because Hive will surely rise again, and the “insignificant” amount of Hive we are earning now will yield big rewards when the price goes up in the future, which may happen next month, in two months, or three months as the case may be. Meanwhile, on other social media platforms, there’s no such opportunity because their payment systems are fixed.
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This is for India United