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Hive (Blockchain)

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Development statusActive
LicenseMIT License

Hive is a blockchain launched in February of 2020.[1] primarily used for decentralized social networking[2] and decentralized information sharing. It is a hard fork of the Steem network blockchain[3]. In early 2020[4], the blockchain network TRON acquired the Steem social network. After the acquisition, many members of the Steem community expressed fear that TRON CEO Justin Sun would threaten the decentralized nature of the platform[5]. The blockchain is backed by a cryptocurrency token named HIVE[6][7]. It is based around the delegated proof of stake consensus algorithm[8]. The blockchain is used to backup various decentralized services such 3Speak[9] (a decentralized video streaming service) and the Hive blogging service[10]. The Hive blockchain also also has a mechanism for stake-weighted voting that call allow for a supermajority of block producers to change rules of how the blockchain works, a feature carried over from Steem[11]


  1. "Crypto Social Platforms on the Rise: 3 Solutions to Try Right Now". Cryptonews. Cryptonews. Retrieved 4 December 2021.
  2. Balietti, Stefano (2021). "Real News: How Blockchain could Revolutionize Social Media" (PDF). Google Scholar. Retrieved 4 December 2021.
  3. Avan-Nomayo, Osato. "Hive Blockchain Goes Live After Successful Steem Network Hard Fork". BTCManager. BTCManager. Retrieved 4 December 2021.
  4. Stevens, Robert. "Steemit transitions to Tron as's Voice launches in beta". Decrypt. Decrypt. Retrieved 4 December 2021.
  5. Frost, Liam. "Hive forked Steemit, but the war for the social network continues". Decrypt. Retrieved 4 December 2021.
  6. "Hive". CoinMarketCap. CoinMarketCap. Retrieved 4 December 2021.
  7. Willing, Nicole. "HIVE coin price prediction: Is it a buy at all-time highs?". Retrieved 4 December 2021.
  8. "Hive: Fast. Scalable. Powerful. The Blockchain for Web 3.0" (PDF). Hive. Retrieved 4 December 2021.
  9. "Video Infrastructure Provider, 3Speak, to Launch the First IPFS Backed Standard for Web 3.0". CISION PRWeb. PRWeb. Retrieved 4 December 2021.
  10. Guidi, Barbara; Michienzi, Andrea; Ricci, Laura (April 2021). "A Graph-Based Socioeconomic Analysis of Steemit". IEEE Transactions on Computational Social Systems. 8 (2): 365–376. doi:10.1109/TCSS.2020.3042745. ISSN 2329-924X. Retrieved December 5, 2021.
  11. Seungwon, Jeong (2020). "Centralized Decentralization: Does Voting Matter? Simple Economics of the DPoS Blockchain Governance". SSRN. University of Bristol, University of Bristol. Retrieved 4 December 2021.

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