A Couple New Developments On Hive

1 mo (edited)
LeoFinance
6 Min Read
1165 words

We can feel the accelerating nature of Hive.

Things are starting to heat up. If we look around the ecosystem, it is evident things are starting to grow, especially when it comes to development. This is natural as people use the foundation that is in place to build other things.

Often, we use the analogy of Hive to a forest. The reason for this is it describes in a way most can identify with how an organic, complex system grows.

Under this scenario, we take a cleared field. Nothing is on it and the grass is well maintained. Then it starts to get ignored. Over time, the grass grows to the point where it is a foot or so long. Small rodents are able to burrow in there, forming homes. At the same time, green sprouts start to pop out of the ground which will eventually becomes trees.

We can follow this process through to the trees getting bigger, bushes forming around the base, and more wildlife moving in. As the years pass, nature takes over, with a seemingly unrelated series of events all contributing to the expansion of the ecosystem.

Hive is very similar. Like the forest, nothing operates in isolation. While it appears that everything is disconnected, it really is not. In fact, there is a powerful inter-connectedness that is only realized after a certain point is reached.

What point are we at in our analogy? That is hard to pinpoint. However, we certain can say we are seeing a lot of green sprouts forming.

We recently got two new developments which expands the offering we have on Hive.

Internal Exchange

Since we cover the Hive Backed Dollar (HBD) so frequently, it is only natural that we bring up the Internal Exchange. This is a true DEX that operates at the base layer of Hive. It allows people to swap between the two coins of the ecosystem: HBD and $HIVE.

This is something that was overlooked for a long time. This is natural since HBD itself was ignored for years. It is only within the last 18 months or so that the stablecoin started to receive some attention. Here we see a move that will naturally make the Internal Exchange that much more important.

This is a feature of Hive that is on the blockchain. For that reason, anyone can access it with their applications. Like posts and comments, it only requires an application to make it a part of their features.

Of course, there is also the option of simply building a front end that is for the DEX itself. That is exactly what took place.

Most often people access the Internal Exchange through Hive Wallet. This now has a companion in Hivedex. As we can see this is a site that is dedicated solely to Internal Exchange.

hivedex.png

Anyone who dealt with exchanges before should be familiar with this layout.

This comes on the heels of HiveHub which is a development from the team behind Peakd. This can be accessed directly or is linked in the wallet of that front end.

hivehub.png

It is interesting this has a Pancakeswap feel to it. Those who used DEX on Ethereum and the other EVMs should be familiar with this.

Why is this important?

There are a couple reasons. The first starts with resiliency. Hive is flying under radar at the moment. This might not always be the case. Having a multitude of ways to access the features on the blockchain is vital. If something happened to Hive Wallet, what would the community do? Now we have a couple other options. Throughout the rest of the year, it is likely we see other apps including the Internal Exchange into their applications.

The second reason why I feel this is vital is because it is something we need to get in front of people. HBD is the community's stablecoin. It can be used to purchase $HIVE. This is how most should be approaching it. The conversion mechanism is not for the average person. If one is swapping out a few thousand HBD, the Internal Market is the place.

Here is one of the main areas where we need to focus upon liquidity. If we can get the volume up to a couple million dollars per day, that will go a long way to providing people a means to swap the coins efficiently.

Hive Spaces?

We all know the success of Twitter Spaces. Was something similar just added to Hive?

There is now a podcasting applications called Cast Garden. It is a development of the Hive-Tube.

castgarden.png

According to the website, it is bring Hive's Proof-of-Brain (PoB) to podcasting. Of course, this automatically brings up the Podping project which is tied to this. All podcasts using this application are sent out via this protocol, just like with 3Speak.

The problem with podcasting is most of the industry is controlled by the indexing. Since that is run by a few mega-tech corporations, we can see how it is easy to "bury" people. This is something that Podping set out to resolve.

It appears Cast Garden takes it a step further by offering a platform where all are on equal footing with what they put up.

Naturally, since this deals with audio and video, this is not directly on Hive, which is text only. However, it does look like the posts appear, similar to how 3Speak works. It is using the technology of Peertube but obviously catering to Hive.

Basically we are looking at Hive becoming a true multi-media platform. If the goal is to take on the mega-tech companies dominating the social media realm, Hive is starting to form a diverse foundation of offerings.

The Impact

While none of these are game changers, it is another step in the evolution. Hive is a grow ecosystem. Going back to our original analogy, these are a couple more green sprouts in the field. We will see how large these trees get.

However, as we can see, the disconnect actually becomes united. Podping was created on its own, in the wild if you will, and now is being incorporated into this application. This is how things grow together.

Much of what we do is still internal focused. However, by offering more to Hive users, the ability to create and generate content expands. Over time, that will filter outwards, both to new users and those not associated with Hive.

We all want the quick hits, the viral solution that pulls in millions of people. That is a point that will be reached at some point. However, before we get there, we have to grind. Development is key and we see it growing before our eyes.

There were a couple new developments added to Hive. This is becoming a trend.


If you found this article informative, please give an upvote and rehive.

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1 mo

That's great to see new development on hive

0

Actully really curious to checkout the podcast site. Have you had any experience with is yet? Feedback, ease of use? or reach?

3

No I just found out last night so I have no way of knowing. I am hoping we get some feedback from some soon.

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0

TBH, I am now beginning to see the development of an ecosystem with Hive. I am also beginning to understand how #hive would matter less and the development of layer 2 is instrumental. The ecosystem is well ahead of others in terms of thinking. Let's see how this will morph going forward.

3

Yes we can see the expansion before our eyes. It should be exciting to see where things are in a year or two.

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0

Looking forward to experience the development.

0

It's interesting to see that change doesn't stop.

2

Indeed hive is bouncing back, nice article.

Please boss, reading your post, I noticed that some words has a different font and organization in that it's quite more different from others. How did you go about it, can you teach me?

2

They are links to another page, leoglossary pages.

It is done by using [] and ().

The word is wrapped in [] followed by the link address in ().

So it looks like

[word] followed by (site.com url).

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0

Waooo, that's cool, will try that out.

0

Castgarden looks like something new that would be worth pitching. I am sure plenty of podcasters who do the podcast and don't get paid would love to shift to the Hive. I think we have to start promoting like this a lot of hive dApps which can be an answer to people who need platform for their work.

2

It could be something that is very interesting. I look forward to the feedback from users.

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0

Pretty cool needed developments on the Hive blockchain that we were all missing. The new market for HIVE/HBD looks pretty awesome, I wonder how we could live so long with the unreadable Internal market... 😆😅🤣

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2

I have been getting out of HBD recently during the last 3 weeks. As much as I would like to earn 20% which is one of my goals for passive income collection I decided to still sell my couple of thousand of HBD. For HIVE, I just see much more than 20% in a year from the price rise from the bottom we had. Oh yeah, and I like the increased vote value too now lol.

I used the internal DEX for the first time for these swaps. Such a simple and easy way to swap between HBD and Hive now, love it.

7
2

That is a move that is hard to argue. It is also one of the main use cases for HBD, buying HIVE.

Those who see this as a chance to stack up their HP, I cant argue with the mindset.

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1

Great move! I have seen a few people do the opposite and I think that's foolish. The base Hive is more important than HBD but HBD is seen as an easier number for many. If the price goes x5 from where it's at now, having it in Hive Power instead of HBD is going to be huge!

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3

Definitely yes. I think many are still scared to fully invest in a lower cap altcoin and HBD seems like a safe bet right now, evenmore if it earns 20% APR.

2
2

is there anything we cant find on Hive, Hive seems like the walmart of crytpo

2

LOL We have a lot who see gaps and build it.

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1

Slowly but surely the forest will become a thriving ecosystem. Every new development is catalyst for growth.

1

Yep. Right now we are a few trees here and there.

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0
1 mo

The market has been a game changer for me. It is so much eaiser to move funds back and forth from HBD to Hive now. I really love the look and feel of it. It's not super often when I use it, but I know when I need it, it will work and get the job done.

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2

And now we have more ways to access it.

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1

By the day Hive giving me reasons it will become my full time job.

Cast Garden sounds great on Hive and it seems this is another fire lit under my ass to tap into podcasting. As Hive always do, it pushes me to try new things.

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1

I hope you will give us a feedback.

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0
1 mo

Spaces???
Wow!!!

I can't wait to see how that works out. I hope the Leofinance team can also integrate it in Leothreads... it'll be absolutely da bomb 💣

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1

It is open source I believe so it could be built in.

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0

This is absolutely a good development am happy I get to read about this in detail

Will use it

1

We have seen so many development on hive and the development on the internal market just add to it. It feels good and buying more hive at this price is very good

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1

Task, got to love the forest analogy for Hive. It fits the nature of our ecosystem perfectly. We got some strong roots, and its system is only spreading wider, plus, we got some new sprouts coming out every once in a while. So, it's only natural for us as a community to look after it.

I love PeakD's/HiveHUb exchange/swap UI/UX design, it also works super smoothly. I'm stacking HBDs, while I've just set my posts to 100% HP powerup. Not sure how long I keep that up since I'm craving for more HBD in lockup.

0

We all want the quick hits, the viral solution that pulls in millions of people

This is why we continue to work harder on Hive and keep expecting more developments that will definitely entice people, make them curious and come to see what Hive has been cooking behind the scene.

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0

Great post! I really appreciate the analogy of Hive to a forest, it's a simple yet effective way of describing how the ecosystem is growing and expanding. The information on the Internal Exchange and HiveHub is also very informative and interesting. I particularly appreciate the emphasis on resiliency and liquidity in the ecosystem. Your insights on how to improve these areas are valuable and it is clear that you have a deep understanding of the Hive ecosystem. Thanks for sharing your thoughts with the community.

0
1 mo

The internal exchange on hive keychain app takes 3.5 days to covert and doesn’t give you the price. Where do you see that?

0

I literally cannot keep up! I noticed the hive price up at $.40 and I wondered to myself "why don't i have more?" I just curate at right now because I'm busy. Have I missed a simple way to onboard my cash directly from my bank account? that's what I want to find.

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0

It's amazing to see all the apps that are growing within the HIVE ecosystem, and it will get more amazing as time goes on. Certainly as the ecosystem will grows and HIVE becomes more noticeable to the point that it is impossible to ignore, more and more developers will join in using it in their implementations. Excellent post. Regards.

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0

Hive spaces sounds really neat. I have always thought of having a web3 site. I hope it will be customisable too.

1

I saw the defi-related swap for Hive a while ago but I never really bothered with it. Does it take some fee for people using the pool?

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0

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