Can I ask a question first? What is the secret behind when you wake up on a day and you feel energized and active whereas other days, it feels like you aren't ready for the day? Yesterday was an active one for me all through but waking up this morning feels like another thing. I am so weak to even engage online but I am hoping it doesn't continue till the end of the day. I woke up and my mood changed from going to church but I prayed to God this morning 🙈
Anyways, let's talk about something else. After cracking my brain last night for a topic to write and even had to forward my question for a suggestion on what to write in our Nigerian BCH Forum group, they were bringing ideas and suddenly, I got something to write on which is to write five differences between two platforms I have been engaging with for a while now.
Note: This is just my personal observation and it's for fun and it might be helpful to some of you too. So, you might have other differences not listed in my article but the comment section is opened for more ideas from you. After all, we all are learning.
So, let's start.......
FIVE DIFFERENCES BETWEEN HIVE AND READ.CASH
HIVE IS A BLOCKCHAIN WHILE READ.CASH IS NOT
What is a Blockchain?
Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system.
To understand my point, when you write on Hive, all your articles are stored permanently and are saved there. Even if the site closes down and you still need to download your articles, you can do that and use it for whatever you want with it. Your articles aren't lost forever on the site. This made me remember all my articles on steemit.com then after many years, I still could get them, provided I have my passwords. You can't get your articles on read.cash even if the site closes down.
HIVE'S TOKEN IS CALLED HIVE WHILE READ.CASH TOKEN IS BITCOINCASH
When you write on Hive, you are given a token called Hive which you can convert to Hive power in a process called "Powering up" and it also has another token called HBD( Hive Backed Dollar) but read.cash gives out Bitcoincash (BCH)
THE PAYOUT ON HIVE IS DONE EVERY SEVEN DAYS WHILE READ.CASH PAYOUT IS EVERY DAY
If you are on Hive, you will know that it takes your earnings to drop in your wallet after seven days but on read.cash, the payout is done every day. You can withdraw anytime of the day provided you have some token in your online wallet.
HIVE HAS DIFFERENT INTERFACES WHILE READ.CASH DO NOT
On Hive, you can post your articles, comment and upvote using different interfaces which are;
Peakd.com
Leofinance.blog
Hive.blog
Ecency
Proofofbrain.io
While on read.cash, it does have only one interface which is (read.cash)
HIVE REQUIRES BUILDING YOUR ACCOUNT WITH HIVE POWER FIRST WHILE READ.CASH DO NOT
What do I mean here? Before you can start writing on Hive or trying to engage on people's articles, If you do not have enough Hive power, you can't do that. When you just registered on Hive, you have zero HP but through some generous People on the platform, they can donate some amount of Hive Power to you so you can be able to perform all these activities. If you aren't being donated to, you need to buy Hive on an exchange and power up and you continue to build your account. Whereas on read.cash, once you register, you can post, interact or engage on articles at anytime without anything stopping you.
When I joined Hive in March this year, I was introduced to an initiative for the newbies and its purpose is to help them build their accounts and for the 30days of the initiative, you are to set your earnings to 100% Hive power. This means when the payout comes, Instead of 50% for Hive or Hbd, 50% for Hive power, it becomes 100% Hp for the whole month. In this way, your account will start growing.
These are just the differences I could come up with but I would like to list four main similarities between both Platforms and they are;
Both are blogging platforms where you write to earn.
Both have different communities for related articles
Both have challenges which comes up every day or week. We have the prompt words that are always hosted by members here. Hive also has each community organizing different challenges and contests weekly.
Both Platforms' token can be withdrawn, spent and hodl 😁
Before closing up my article, I would like to appreciate a sister I have always admired here (ate Jane). Thanks for renewing your Sponsorship today. I am so happy 🙏 God bless you.
Thanks for reading
|November 21, 2021|
I’m still trying to fully understand Hive that ain’t easy to grasp with one bite… well Read to me will win cause it’s easier and very much cool to use too with now stress.. either way is brilliant