What is Hive?
Hive is a fast, fee-free blockchain built for people and communities. One human-readable account works across every Hive app: blogging, video, games, finance and more.
Hive launched in March 2020, when its community forked away from Steem to keep the chain independent. There's no company in charge. The network is run by witnesses, elected continuously by everyone who holds Hive Power, and development is funded through an on-chain proposal system that the same stakeholders vote on.
Instead of paying a fee for every action, your Hive Power gives you Resource Credits that regenerate over time. Posting, voting and transferring cost nothing in cash, which makes Hive work well for social apps and games with lots of small transactions.
Content on Hive earns rewards from an inflation-funded reward pool, shared between authors, curators who upvote early, and stakers. You can hold your rewards as HIVE, stake them as Hive Power, or keep them as HBD, Hive's dollar-pegged token, which earns interest in savings.
3 sec
Block time
Transactions confirm in about three seconds, and blocks become irreversible within a minute.
£0
Transaction fees
Actions use regenerating Resource Credits rather than per-transaction fees.
–
HBD savings interest
Set by witness consensus. Shown live from the chain.
20 + 1
Block producers
The top 20 elected witnesses plus one rotating backup produce each round.
30
Witness votes each
Every account can vote for up to 30 witnesses. Voting is free and never locks your stake.
–
Witness price feed
c0ff33a's current published HIVE price in USD.