What is Hive Power - A 1 Minute Guide

I have started a new series named - 1 Minute Guides. In this series, I would like to explain all the basic terms of Hive and Blockchain within a minute through a video guide.

I will upload all the videos to my @threespeak and YouTube channel. I believe these videos will help onboarding more new people to Hive. I checked YouTube and there aren't many videos on Hive.

So, why not using this centralized video platform to promote decentralized Hive?

Feel free to embed my videos to any of your posts. Do you have any suggestions or ideas for my video series? Please ping me on Discord - pitboy#4591

A Brief Summary of Hive Power

Hive Power is basically called the influence score of this platform. Hive power is a measurement for how much influence a user has within the Hive network.

The more Hive Power you hold, the more you're able to influence the value of posts votes and comments. Voters with more Hive Power have a greater influence over the allocation of the rewards for a particular post than voters with less Hive Power.

Your Hive power is locked, but you can convert it to Hive token by "Power Down". Hive Dollar is also liquid token like Hive. Like Hive token, Hive Dollar or HBD is also tradable with other cryptocurrencies as well.

This is Hive's own dollar, similar to the US dollar, which is stored on the Hive blockchain. If you want, you can convert Hive Dollar in your account to Hive Token. Then You can convert Hive token to Hive power.

Hive > After Powering up > Hive Power

Hive Power > After Powering Down > Hive

Creators will get less profit from your upvote if your Hive power is smaller, and they will get more benefits from your upvote if your Hive Power is more. I am saying the same thing again and again. So I believe it's clear to you, right?

This video is uploaded on Youtube as well -