Hey guys! Joyful to attach at this time and study extra about Hive! Are you able to inform us extra in regards to the founding of the challenge and which issues you have been addressing?
Hive is a decentralized information-sharing community with an accompanying blockchain-based monetary ledger constructed on the Delegated Proof of Stake (DPoS) protocol. Extra merely put: Hive is a social community stuffed with apps and companies the place you’ll be able to collect, share, and discover… Powered by blockchain.
At present we’re celebrating our one yr anniversary! We have been based a yr in the past so far, on March 20th, 2020, by a big group of decentralization fanatics that noticed public blockchains fall into company palms and determined to take a stand. We noticed hostile takeovers and unprecedented collusion amongst giant gamers within the cryptosphere aimed toward something that challenged the idea of centralization and we as a group stated “we won’t be purchased and offered”.
Might you please give us a rundown of crucial issues about Hive?
Hive is developed to retailer huge quantities of knowledge and to make it accessible for time-based monetization. Examples of use embrace social media with monetized rewards for content material producers, interactive video games, identification administration, polling techniques, and micro-loans. A Hive pockets tackle unlocks a complete ecosystem of potentialities with a vibrant social group, a rising built-in potential consumer base, and intensive options for brand new servicesg constructing on the blockchain.
The efficiency of Hive is designed to scale with widespread adoption of the forex and platforms in thoughts. By combining lightning quick processing instances and fee-less transactions, Hive is positioned to develop into one of many main blockchain applied sciences utilized by folks all over the world.
Thank you. You help clients with enterprise-level blockchain solutions. Could you give us a few examples of enterprise-level blockchain solutions?
We aim to be the blockchain protocol that anyone can build on. Let’s take the calls for immutable social media as an example.
Centralized social media platforms show a wide range of flaws negatively affecting users. These include the fact that creators don’t own or control their content and they are always exposed to the risk of being de-platformed, demonetized, or a change in discovery algorithms negatively affecting their reach and earnings. Likewise, consumers face a UI, notification system, and content recommendation system not designed to work in their best interest. Examples may include users giving away time and personal data without getting anything in return, ending up in algorithm driven echo chambers, or apps aiming to maximize their own profits by increasing time-on-site instead of ensuring time can be well spent. Additionally, third-party app developers must pay to access user data which stifles competition and innovation, and can also be abused.
Hive offers a solution by providing an open and secure public database for digital content that is not owned by any single entity. Users have personal ownership and control over their own accounts with customizable, human readable names rather than long illegible strings of letters and numbers. This allows creators to have a clear proof of ownership over their content, the ability to build an identity or brand, avoid any threats of censorship, and to benefit directly from the value they help create online.
Each username is tied to an advanced wallet with unique security features. This allows for the integrated use of a fast, feeless, and programmable currency (HIVE) for any product, app, or service built utilizing the blockchain. Hive enables people to do business directly via a peer-to-peer network without any intermediaries, where sponsors and advertisers can have a more direct relationship with the creators and communities they support, or the fanbases they engage. This is just one battle-tested use case for Hive, among many others.
How do your libraries work, and what is the benefit for developers in terms of joining your decentralized network of developers?
Libraries come with thorough documentation and are intuitive for brand new builders in addition to seasoned groups. All libraries are OS contributed and maintained by group members, which suggests they’re stored updated upon protocol adjustments. Basically, our libraries make it simpler to work together with the blockchain, together with some helpful features with a major use of signing and broadcasting transactions. This may be accomplished on the consumer’s system with keys used domestically: in relation to blockchain and crypto forex, having normal, straightforward choices for training key security is extremely essential.
Hive is an entry to the crypto house for builders and customers and makes it simpler to make use of and develop decentralized apps. Since Hive transactions are free and quick, functions could be made with out paying enormous charges in crypto or coping with gasoline calculations, the most important boundaries to companies getting into the blockchain house. You may make many every day transactions along with your app and pay zero in charges for it.
Within the phrases of a long-time Hive contributor: “Being a developer right here is wonderful due to the expertise and expertise, however particularly the approachability of everybody. It’s straightforward to get began and study, and also you by no means have the sensation of being ‘misplaced’ regardless of how difficult the difficulty”.
Inform us about your decentralized crew. Who’re the folks behind the screens?
They arrive from each a part of the world, each stroll of life, and are united by a shared widespread imaginative and prescient of decentralization. They bring about collectively numerous years of expertise, divergent opinions and approaches, huge domains of data and countless dedication. There is no such thing as a one identifiable group that may be named and no company entity.
Hive depends on decentralized governance, each for software program improvement and for choices about protocol upgrades, using the DPoS consensus protocol. Stake-weighted voting is used to elect block producers often known as witnesses that should comply with allow adjustments to the first layer protocol shared by all functions, offering a steady base layer, whereas leaving second layer functions free to innovate quickly. All protocol adjustments are proposed, developed, ready for and carried out by means of a clear and collaborative team-working atmosphere. They’re completely open supply from initiation to their remaining launch.
Which collaborative partnerships have you ever engaged thus far, and which of them are essentially the most impactful?
Each dapp that builds on, connects to and integrates with Hive could be seen as a partnership.
We’re precently having fun with a collaborative relationship with MarketSquare which is constructing a Hive Hub to focus on Hive-based dapps. Their crew has been wonderful in respect to connecting with our dapps and innovators and spotlighting them! By way of improvement, we’ve got collaborated with GetBlock who’ve launched their very own Hive RPC node for his or her shoppers to facilitate constructing on Hive.
Other than exterior collaborative relationships, we view all dapps constructed ontop of the Hive blockchain as partnerships. Let’s take the Speak (3Speak) Network which permits for video content material publication. The Converse Community is a decentralised Internet 3.zero protocol that may reward worth creators and infrastructure suppliers appropriately and autonomously by distributing reward tokens in such a manner that each consumer, creator and platform, will be capable to earn rewards on a stage taking part in subject. It goals to supply decentralised again up storage, Token Creation, NFT creation, immutable communities and direct digital possession of the creator’s account and digital property the place the creator isn’t censored by centralised gate keepers.
One other wonderful instance is Leo Finance, a quick rising group hub with a related suite of blockchain instruments encompassing a curated content material discussion board, decentralized token change, DeFi options and a sturdy roadmap for future enlargement.
You additionally assist your shoppers with layered options. Might you clarify the distinction between the primary layer (Blockchain-level) and the second layer (Software-level)?
The primary layer refers back to the core blockchain protocol. This protocol describes the principles that everybody on the blockchain has to abide by, so adjustments to those guidelines (generally known as a hardfork) are comparatively uncommon. Hardfork adjustments should first be agreed on by nearly all of Hive stakeholders earlier than they are often carried out. Because of the coordination effort with block validators (e.g. block producers, buying and selling exchanges, and many others) wanted for a profitable hardfork, hardforks are usually stored to a minimal.
A second layer service is a service or utility that may insert knowledge into the Hive blockchain, however doesn’t want that knowledge to be specifically processed by Hive’s block validators. Which means second layer functions can implement new performance freely with out requiring the block validators to replace their servers first, and but the apps can nonetheless get all the advantages of working on a blockchain (knowledge immutability, a consensus ordering for all blockchain operations, cryptographic validation of account exercise resembling funds transfers).
That is just like the advantages provided by a wise contract-based blockchain, however as a result of sensible contracts on Hive don’t run on the primary layer, Hive can’t be attacked through the identical sort of cpu denial-of-service assaults which have generally paralyzed conventional sensible contract blockchains.
The principle goal and goal of increasing the second layer on Hive is modularity, scalability and the final enchancment in chain dynamics. Hive makes use of this layered strategy with out detrimentally affecting chain safety and integrity of knowledge. On the identical time, what it does is maintain the primary layer manageable in measurement, which will increase its utility and retains it versatile and node operation accessible for all.
Are you able to give us an instance of Hive’s layered options?
The preliminary second layer service constructed on high of Hive was Hivemind. Hivemind enabled new options to be added to Hive’s social media apps, resembling community-based posting of articles, with out requiring a hardfork. At present, over half a dozen completely different social media apps use Hivemind servers to course of the blockchain knowledge into helpful types (e.g. an article and the related feedback in regards to the article).
As well as, a number of different sensible contract platforms are actively being developed on high of Hive. That is one instance of how revolutionary second layer-based improvement could be: a number of sensible contract platforms with completely different underlying digital machines can co-exist on a single blockchain. NFTs and sensible contracts, digital collectibles, immutable knowledge tied to tokens or communities- among the most enjoyable potentialities for businesses- are completely supported by the know-how of Hive.
Now, might you inform us about your accomplishments thus far, and within the historical past of Hive, please inform us what you might be most happy with.
As we talked about earlier, our one yr anniversary is at this time on March 20th. It’s exhausting to imagine that it’s been one yr since we launched Hive!
Over this previous yr the Hive underlying protocol has been optimized and the second layer Hivemind database augmented. This drastically lowered the scale of witness and RPC nodes and cleared the best way for unhindered scaling. We’ve efficiently accomplished our first main Hardfork in October of final yr. Myriad dapps and companies have been added to our ecosystem over the course of the yr. Trying again, we’re all humbled and extremely happy with our mutual achievements and what the facility of a decentralized group can accomplish. Marketplaces, alternatives, and significant relationships kind the place folks collect… and Hive is a community constructed by passionate individuals who know the worth that creates.
If folks want to comply with you in your social media pages, go to your web site or learn your essential paperwork like your white paper, what are the hyperlinks they should go to? Please record them beneath.
Our built-in group frontends embrace Hive Blog, 3Speak, Peakd and Ecency. Notable browser extensions embrace Hive Keychain and HiveTips. Artwork NFTs could be bought from NFT Showroom. These are just some of the issues being constructed on Hive’s basis: for a complete record of Hive dapps and companies go to Hive Projects.
You possibly can comply with Hive on Twitter at @hiveblocks.
Thanks a lot to your time! Do you have got something so as to add earlier than we end?
Hive has had an awesome yr stuffed with studying, improvement, progress and innovation. Trying ahead to the numerous years of Hive to return!