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What is Hive (HIVE)?

Hive Blockchain is a decentralized Web 3.0 ecosystem that supports applications, communities, and individuals beyond just financial transactions. It stores various data types, including social content like blogs, gaming data, and votes. Designed to be scalable, Hive aims to become a widespread social and economic platform in the future. To address high costs and delays associated with blockchain transactions, Hive eliminates fees and enhances processing speed. The platform features two tokens: HIVE, which can be freely traded, bought, sold, and staked, with its staked form called Hive Power; and Hive Backed Dollars (HBD), a stablecoin pegged to the US dollar based on supply-demand dynamics. Hive was established after the sale of Steemit Inc to Sun Yuchen in February 2020 as a decentralized...

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