Trade HIVE to BTC on Beaxy

The HIVE blockchain enables near instantaneous value transfers across borders. The technology allows for participants to fully own and verify data, identities, and connections on social media. The platform can be used to play interactive games without incurring gas or network fees.

HIVE was created through a hard fork of the STEEM network after it was taken over in a hostile manner by a centralized organization. Former STEEM community members were dissatisfied with the centralization of the platform so they created a new version that would reintroduce the decentralized structure from before. HIVE is an interactive blockchain that allows for participants to earn crypto by producing and consuming quality content that is published online. The platform is fast and without network fees.

HIVE is not mined like traditional cryptocurrencies, it is primarily earned by content creators on the network. The majority of HIVE tokens in circulation were created as a result of a hard fork with the STEEM blockchain protocol. To earn HIVE, you can produce blogs and other content fit for the internet. Content consumers can apply HIVE tokens to high quality content that incentives writers to go above and beyond the normal standards of online content publishing. Aside from earning HIVE, the token can be acquired by trading or purchasing the asset on a digital asset exchange such as Beaxy.

During trading with any cryptocurrency, one should not forget about the risks. In this case, it is Investment Risk, Regulatory Risk, and Security Risk. Investment Risk The Cryptocurrencies market suffers from intense levels of volatility from time to time. Investing in HIVE does not necessarily equate profits. You should be fully aware of the risks of cryptocurrency trading before investing in it, as you could potentially lose more money than you began with. Regulatory Risk Cryptocurrencies are decentralized, which means that they are not controlled by any government institution in the world. Cryptocurrencies have attracted controversy in recent years due to its sudden rise in the trading industry. In the future, this could lead to governments creating regulations and sanctions on cryptocurrency trading in an attempt to control its increase. Ensure that you know the risks before you begin investing in it. Security Risk While cryptocurrencies are created with encrypted data, the possibility of cyber theft is still possible in the industry. Once the cryptocurrency you purchased is in your hands, you have the full responsibility to secure it. The safest way to ensure the security of your asset is to use an offline crypto wallet that is not connected to the internet. An online crypto wallet that is stored at an exchange is more at risk of getting stolen by simply hacking your account, while offline crypto wallets will require your private keys.