hive-dollar logo download PNG or SVG

Information about hive-dollar

Hive-backed Dollars, or HBD, are a unique and trustworthy stablecoin that is backed by the value of the Hive blockchain and pegged to the US dollar. This is achieved by converting HBD to an equivalent value of Hive. For example, 10 HBD can be converted into $10 worth of Hive. This conversion mechanism ensures that the value of 1 HBD is always at or above $1. HBD stored in a Hive savings account earns interest based on the votes of block producers.

Hive is a decentralized network for sharing information, with its own blockchain-based financial ledger. It was launched in March 2020 and operates on the Delegated Proof of Stake (DPoS) protocol. Hive supports various types of information sharing applications, making it accessible to content creators, consumers, investors, and builders. It is designed to store large amounts of content and enable monetization over time. Use cases include social media with rewards for content creators, interactive games, identity management, polling systems, and micro-loans. Hive's scalability and fast processing times, along with fee-less transactions, position it as one of the leading blockchain technologies.

Hive's architecture allows for high transaction volumes and fast block times, making it suitable for building interactive applications. It also utilizes a 2nd layer architecture to distribute application loading across separate sidechains, enabling scalability beyond traditional smart-contract networks. This allows application developers to allocate additional resources as needed without congestion from other apps. Hive's governance relies on decentralized decision-making and the DPOS consensus protocol. Stake-weighted voting elects block producers who ensure the stability of the 1st layer protocol while allowing innovation in 2nd layer applications. All protocol changes are developed collaboratively in an open-source environment.

For those who want to download the Hive-Dollar logo, we have compiled a list of all the major cryptocurrencies in PNG and SVG format. Our collection includes logos for Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero, Zcash, and many more. All of them are available in PNG format. And if you want to show support for one of the cryptocurrencies, our collection of logos is at your disposal, including the Hive-Dollar logo.