Most often than none, to get to certain parts of the blockchain, I usually search through Google and the search results I get most times can be a bit misleading especially when Hive is part of the keywords.
There is a company called Hive Blockchain Technologies, and I was certain it wasn't related to the Hive Blockchain. So, I decided to delve deep. In this post, I will be clearing any ambiguities you may about any. It will be an interesting one for an FAQ. Let's begin.
Hive Blockchain Technologies Limited
Website: Hiveblockchain.com
HIVE Blockchain Technologies Ltd. is a cryptocurrency-mining company which claims to be the first of such companies to be listed on a public stock exchange. The company is situated in Vancouver and provides blockchain infrastructure. HIVE facilities continually mine cryptocurrencies on the cloud, including Bitcoin and Ethereum, using its data centres located in North America and Europe. Additionally, the company promotes the usage of renewable energy sources as well as the fact that it consumes less energy than conventional approaches to blockchain mining.
Olivier Roussy Newton is not only the founder of HIVE but also the company's Strategic Advisor. HIVE was established in the year 2017. In 2017, the company became publicly traded for the first time on the TSX, and in June of 2021, it was accepted for listing on the NASDAQ. The Canadian entrepreneur Frank E. Holmes is now serving as interim CEO and Executive Chairman, although as of the year 2021, Darcy Daubaras has been HIVE's Chief Financial Officer (CFO).
Hive.io Blockchain
Website: Hive.io
Hive.io blockchain is a decentralized blockchain and ecosystem that was constructed using the Delegated Proof of Stake (DPoS) protocol. It is cutting-edge and forward-looking. Hive's development as an ecosystem has progressed consistently since the platform's launch. The presence of numerous decentralized applications (dapps), application programming interfaces (APIs), and front-ends all contribute to a general and straightforward accessibility of data, transactions, and records. As a result, the ecosystem is welcoming to content creators, consumers, investors, and builders as a result of this existing diversity and utility. Hive is being created to store massive volumes of content and to make that content accessible so that it can be monetized on a time basis. The performance of the blockchain was built to scale in order to accommodate the growing adoption of the cryptocurrency and the platforms. Hive is well positioned to become one of most prominent blockchain technologies that people all around the world utilize because of its lightning-fast processing times and its completely fee-free transaction system.
The Difference
The difference in Hive.io blockchain and Hive Blockchain Technologies Limited is glaring from their description above. However, the table below sums it up:
| Factor | Hive Blockchain Tech | Hive.io Blockchain |
|---|---|---|
| Centralization | Centralized | Decentralized |
| Activities | Mining | Tokenized communities |
| Consensus mechanism | Proof-of-Work (PoW/Mining) | Delegated Proof of Stake (DPoS) |
| DApps | unavailable | Available |
| Currency | None (Mines BTC & ETH before merge) | Hive and other layer 2 tokens |
| Technology | Proprietary/closed source | Open source |
| Scalability | Zero potential | High potential |
Closing
Despite the fact that I can't quite fanthom why Hive Blockchain Technologies couldn't come up with a better and more unique brand, just like UHive, it is abundantly evident that both blockchains have completely different objectives and designs.
Posted Using LeoFinance Beta
The rewards earned on this comment will go directly to the people( @zestimony ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Well, they did exist before our Hive. And after we forked from the old chain, they published a cease and desist letter from their lawyers ordering us to change our name. Published rather than sent, because there’s nowhere to send a letter to. But even so, there are a bazillion entities that use the name Hive.
Oh! That's interesting to know. Thanks for the information.
I wonder what's so unique about "Hive", even bees use it 🤣
Pointing out the difference is important because googling the word Hive without .io leads to many results that have nothing to do with our beloved Hive, and this is a problem for onboarding new users...
This article made me remember that when I try to promote Hive in real life and not on the web I must always call it Hive.io otherwise for example to those I mentioned it to if they come home and don't type in google hive.io they will hardly find it...
Thanks for sharing
@tipu curate
Upvoted 👌 (Mana: 27/47) Liquid rewards.
Thanks for stopping by
no conocia esas variantes de hive
I also used to keep on bumping into this Hive Blockchain Technologies whenever I am trying to access our Hive. I am curious to what they do but didn't have the leisure to check them out.
Thanks to you, I don't need to further spend unnecessary time and effort in finding out.
!1UP
You have received a 1UP from @thecuriousfool!
@leo-curator, @bee-curator, @vyb-curator, @pob-curator
And they will bring !PIZZA 🍕.
Learn more about our delegation service to earn daily rewards. Join the Cartel on Discord.
PIZZA Holders sent $PIZZA tips in this post's comments:
@curation-cartel(6/20) tipped @lbi-token (x1)
Learn more at https://hive.pizza.
From what I know, the company/stock came out before Hive hardforked from STEEM. I believe they even tried to sue in regards to the name but there is no centralized entity to do so.
Posted Using LeoFinance Beta
Thanks for the heads-up. But it got me thinking, Could the lack of a centralized entity to represent the Hive.io Blockchain mean good and bad as well?
Branding our blockchain as 'Hive' was the biggest mistake we could have made.
Super confusing for anyone who goes to Google.
Posted Using LeoFinance Beta
That's true. I believe that's what's hurting Hive SEO as well. The wealth of content here on Hive hardly shows up in organic search results.