Posts

Hive Blockchain Technologies Vs. Hive.io Blockchain

avatar of @lbi-token
25
·
0 views
·
3 min read

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).

Source

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.

Source

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:

FactorHive Blockchain TechHive.io Blockchain
CentralizationCentralizedDecentralized
ActivitiesMiningTokenized communities
Consensus mechanismProof-of-Work (PoW/Mining)Delegated Proof of Stake (DPoS)
DAppsunavailableAvailable
CurrencyNone (Mines BTC & ETH before merge)Hive and other layer 2 tokens
TechnologyProprietary/closed sourceOpen source
ScalabilityZero potentialHigh 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