Hive Dollar HBD Price 1.01

Hive-backed Dollars, what are they? Hive-backed dollars are pegged to the US dollar. Hive can be converted to an equivalentUSD value using an onchain conversion operation. The conversion mechanism pegs the value of 1 HBD at or over the value of $1USD. Hive has a financial ledger built on the DPoS protocol. Hive supports a lot of different applications. Examples of use include social media with monetized rewards for content producers, interactive games, identity management, polling systems, and micro-loans. With widespread adoption of the currency and platforms in mind, the performance of the block chain is designed to scale. Hive is an ideal platform for building highly interactive applications because of its high transaction volumes, fast block times, and fee-less transactions. It has a focus on distributing application loading across sidechains to enable scaling beyond the limits of traditional smart-contract networks. To mitigate scaling limitations, an application's proponents can allocate additionalCPU resources as needed at the second layer to power their preferred applications, without worrying about congestion from other apps in the network, yet still benefit from a common first-layerBlockchain backbone to ensure distributed data integrity. Hive was founded by a group of people who believed in decentralization. There is no set team or company behind it. Hive has a lot of stakeholders and contributors around the world. Hive uses the DPOS consensus protocol for both software development and protocol upgrade decisions. Block producers who must agree to enable changes to the 1st layer protocol are elected using stake-weighted voting.