Hive is a decentralized, blockchain-based social media platform that was launched in 2020 as a fork of the Steem blockchain. It was created as a response to a series of controversial events that occurred on the Steem blockchain, which led to a significant portion of the community splitting off to form Hive.
One of the main goals of Hive is to create a more decentralized and community-driven platform that is resistant to censorship and centralization. To achieve this, Hive utilizes a Proof-of-Brain (PoB) consensus mechanism, which rewards users for creating and curating content on the platform.
Like many other cryptocurrencies, Hive has its own native token, called Hive (HIVE). HIVE is used to reward users for their contributions to the platform and can be traded on cryptocurrency exchanges.
One of the unique features of Hive is its ability to support custom tokens, called Hive-Engine tokens. These tokens can be used to represent a wide range of assets, such as virtual real estate, in-game items, and more.
Hive also has a built-in decentralized exchange (DEX) called Hive-Engine, which allows users to trade Hive-Engine tokens and other assets in a decentralized manner.
In addition to its social media and decentralized exchange functionality, Hive also has a number of other features, such as the ability to schedule posts and earn rewards for content curation.
Overall, Hive is a decentralized, community-driven platform that aims to provide a censorship-resistant and decentralized alternative to traditional social media platforms. It offers a range of features and tools for users to create and curate content, trade assets, and interact with others on the platform.