Hive Dollar. Price of cryptocurrency: $ 0.97761127

Hive-backed Dollars are what they are. Hive-backed dollars are a type of trustless stable coin that is pegged to the US dollar and backed by the Hive blockchain. This backing uses an onchain conversion operation that lets Hive be converted to an equivalentUSD value. 10 HBD can be converted into $10USD of HIVE. The conversion mechanism pegged the value of 1 HBD at or over the value of $1USD.
Hive is what it is. Hive is a distributed information sharing network with a financial ledger built on the DPoS protocol. Hive supports many different applications.
Hive is designed to store a lot of content and make it available for time-based monetization. Social media with monetized rewards for content producers, interactive games, identity management, polling systems, and micro-loans are some examples of use. With widespread adoption of the currency and platforms in mind, the performance of theBlockchain is designed to scale.
Hive technology and scaling. Hive is an ideal platform for building highly interactive applications because of its high transaction volumes, fast 3-second block times, and fee-less transactions. It has a focus on distributing application loading across sidechains to enable scaling beyond the limits of smart-contract networks. To mitigate scaling limitations, an application's proponents can allocate additionalCPU resources as needed at the second layer to power their preferred applications, without worrying about congestion from other apps in the network, yet still benefit from a common first-layerBlockchain backbone to ensure distributed data integrity.
Hive governance and software development. Hive was founded by a group of people who believed in the same goal. There is no company behind the team. Hive has stakeholders and contributors in many countries around the world. Hive uses the DPOS consensus protocol for both software development and protocol decisions. Block producers that must agree to enable changes to the 1st layer protocol shared by all applications are elected using stake-weighted voting. All protocol changes are prepared for and implemented through a transparent and collaborative team-working environment.