Hive - More Than Decentralization
When comparing Hive with Ethereum, the most popularly known winning card is Hives decentralization.
Pulling out the decentralization card never gets old, I wonder if Ethereum will ever achieve that level of growth where this card wonât be as effective anymore. But at that stage, If at all..,hive will have also achieved some level of success in number of dapps and community growth like Ethereum and even more.
So it is one thing to say that Ethereum sacrificed decentralization for usability in the beginning, whereas Hive sacrificed usability for decentralization, albeit in their both beginnings. One thing that makes Ethereums centralization a double edge sword is due to the premine that largely belongs to Vitalik and Ethereum Foundation.
However, if this is debated to a large extent and in some type of way, Vitalik and Ethereum foundation relinquish their holdings to a DAO, then there are chances that this card of decentralization will loose its value and hive will have to prove again its superiority to Ethereum, so while it is a valid card to bring against Ethereum it shouldnât be the biggest card.
Itâs just that sadly, the topic decentralization is more like an umbrella term that also concerns some aspects of the security, the political part in this context, it goes beyond securing of tokens. By the way of Hives decentralization, it is politically secure as most decisions are made by the community by the way of stake voting.
It wouldnât be a surprise that many will agree that Hives selling point should be itâs content black hole where the whole community converges to share information on both internal and external occurrences within and without the entire crypto and connect with each other fostering collaboration, unlike other cryptos where their medium of communication is not organized or relies on centralized entities.
Hive is the first crypto exhibiting the proper idea of Web 3.0 both by mode of operation and in the technical fundamentals benefiting everybody that has an account. I stumbled upon a post that was written 4 years ago, apparently at the time, Ethereums gas prices were in 3$ range. How times have changed. An average transaction on Ethereum now costs over 50$.
Getting an Hive account and funding it with the required amount to have enough operational resources is probably the only funding required to transact at the least, coupled with the fact after the minimum sign ups, the Blockchain literally begins to live and give unlike other chains that are designed to mostly take...before giving anything at the least.
Time will reveal a lot of things eventually, decentralization wonât be Hives major selling point even though it does matter a lot, there are many other things that make Hive stand out and that matters to the development and growth of humanity, hives decentralization is just a piece of the pie.
Just sharing my thoughts. Thanks for reading.
Posted Using LeoFinance Beta
