There are many reasons to invest in Hive at the moment. This is not only due to the nature of the market at the current time but also because of where Hive itself is heading as a blockchain community dedicated to continuous growth.
There are very few blockchain ecosystems that can boast of a competent team dedicated to ensuring that its users obtain the best experience when it comes to content creation with the potential of earning something as well. Here, blockchain and blogging etiquette such as no plagiarism and originality are highly encouraged which is a sign of a serious entity.
INNOVATION
Hive is still quite young with lots of room for improvement. Hive therefore has a bright future as it has numerous developers dedicated to improving the blogging experience of users on the platform. Dapps are making the blogging experience quite lively with some common ones such as PeakD, LeoFinance, and 3Speak attracting a ton of engagement.
The ability to enjoy the perks of the blockchain ecosystem while creating amazing contents like the traditional social media is making it more enjoyable to be a part of this lovely platform.
STRONG TEAM
Hive has a very dedicated team that is geared toward promoting good projects in order to enhance the popularity of this ecosystem. In order for any project to flourish they must have a team that is willing to fund serious promotional events that takes place around the world to improve its global presence. HIVE is certainly endowed when it comes to its team and its desire to seek growth.
Within my country, we have seen numerous projects such as the Hive Borehole Projects, The Hive Students Hub, and Gems Ghana emerge as a result of the support given by the Hive team.
BLOCKCHAIN SECURITY
The security of the Hive Blockchain is overseen by the community itself as they utilize their Hive power to appoint various witnesses that oversee the activities on the chain. Each new block that is created must be first validated before it can be minted as a new block. This prevents various malicious attacks such as the 51% attack.
Also, each user is given their own keys which are used for various transactions such as posting, sending funds, changing keys, etc. This allows you to be in charge of your own personal security.
COMMUNITY BUILDING
The Hive Communities itself is the backbone of this platform. Unique communities with their own set of ideas and norms have made it very easy to navigate this platform and align yourself with a community that suits your interest. Many communities have their own leaders who keep their communities engaged when it comes to weekly challenges and topics to write about.
Diversified communities such as Hive Students Hub, OCD, Hive Ghana, and Hive Learners have shown this platform what a good community looks like and why you must make it a point to join one.
SCALABILITY
One of the key features of HIVE is its delegated Poof-of-Stake. This consensus mechanism enables hive to have an edge over the Proof-of-Work mechanism in terms of its faster block generation, low latency, efficient resource usage, and so on.
This is largely possible due to the smaller computing power required by the PoS consensus mechanism as it does not need any resource-intensive cryptographic processors.
These are but a few reasons why you must make it a point to invest in HIVE as the crypto currency market is in a dormant phase and yet to regain its momentum.
Thank you for your attention.
Posted Using LeoFinance Alpha
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