Hive (HIVE)

Basics

• Started in: 2020
• Mainnet release: 3-2020

History

• Steem bloggers are moving (19-3-2020) to Hive.io after Justin Sun bought Steemit. For a comparison of the two and a background of the situation, click here (22-4-2020).
• From CoinDesk (17-3-2020):

"Everyone with tokens on Steem will also have tokens on the new chain; that is, except for the Steemit wallets controlled by Sun’s Tron Foundation."

They will try to prevent exchanges from partaking in governance by the following;

"Basically, if a user on the new blockchain stakes their tokens, they won't be able to engage in governance votes for 30 days."

• From The Block (19-3-2020):

"Binance said it will support the hard fork, which is scheduled to take place tomorrow, and will distribute the new hive tokens to steem holders in 1:1 ratio. Huobi has also announced similar measures."

Token

Utility

• From Crypto Briefing (22-4-2020):

"Steem uses Steem (STEEM) as its basic token, Steem dollars (SBD) as its reward token, and STEEM POWER for witness voting. Hive has two equivalent tokens: Hive (HIVE) and Hive-backed dollars (HBD). Though HIVE is roughly on par with STEEM in terms of price and market cap right now, there is an obvious issue: Hive has not shown that HBD can maintain parity with the dollar."

Tech

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on: From Crypto Briefing (22-4-2020):

"Steem primarily serves as the basis of Steemit; Hive’s equivalent platform is Peakd."

• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Governance

• Has the same set up as Steem, but without the ninja stake owned by Justin Sun.
• The Witness List can be viewed here. With as they mention:

"Justin Sun's sock puppets and/or bribed witnesses running 0.22.5 are highlighted in red and yellow."

• From Crypto Briefing (22-4-2020):

"Steem and Hive both rely on delegated proof-of-stake consensus (DPOS), which allows token holders to vote for block witnesses. These witnesses govern the blockchain and make decisions. Steem decentralizes power to some extent by allowing token holders to vote. However, Hive aims to replace the point of centralization that allowed TRON to buyout the voting process.

Hive’s solution is the Decentralized Hive Fund (DHF), which allows users to suggest proposals, fund those proposals, and cast a vote for their preferred changes. Unlike with Steem’s reserve of “ninja mined” funds, Hive’s fund is set up so that no actor (or group of actors) can have sole control over big changes.

DHF funds are also time-locked: funds that have been allocated to the fund will not be available until after a future Hive upgrade, and they will be paid out slowly to prevent market flooding."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Legal Problems

• From CoinDesk (23-3-2020):

"Steem Fork Faces Legal Threat From Mining Firm Over ‘Hive’ Name. HIVE Blockchain Technologies Ltd., a Canadian publicly listed mining firm based in Vancouver, published a notice Monday saying it has sent a cease-and-desist letter from its legal representatives to Hive.io."

Usage

Projects that use or built on it

• Directly after the launch it attracted ten (23-3-2020) Dapps, mostly from the previous Steem blockchain. Such as Splinterlands, 3Speak, SteemPress and gambling dapps.

• From Crypto Briefing (22-4-2020):

"As of April 2020, 11 DApps have migrated away from Steem and/or aligned themselves with Hive, including the collectible card game Splinterlands and the video platform 3speak."

• Splinterlands, the most-popular dapp on Steem, has moved (1-6-2020) over to Hive.

Team, Investors, Partners

Team

• From Crypto Briefing (22-4-2020):

"Hive has no official leadership. There are about 30 community developers and 80 contributors working on the project, and there is no company behind the project."