LeoGlossary: $HIVE

4 mo
LeoFinance
1 Min Read
123 words

One of the native coins on the Hive blockchain with the other being [Hive Backed Dollar (HBD).

HBD is a stablecoin whereas $HIVE offers a myriad of options. The coin can be staked for governance. It also is part of the voting system to determine how the reward pool is distributed. Staking $HIVE earns a slight annual, upward adjustment, to compensate for inflation.

$HIVE has the ability to be utilized as a medium of exchange. Since it is a base layer coin, all consensus is done according to the protocol of the network.

Finally, the staking of the coin enables one to have Resource Credits which provides access to the chain. There are no direct transaction fees on Hive.

Posted Using LeoFinance Beta