Cover Image: Logo Hive owned by https://hive.io/ - edit by @libertycrypto27 - Font used is Open Source
There are so many projects with potential in the world of blockchains.
If I publish my content here on read.cash is because I see potential in this project and especially I see potential and usefulness in the BitcoinCash project that I consider undervalued in consideration to its real value and for this reason I have never sold a BCH.
There is another blockchain project that I consider very undervalued and that has a great potential: the Hive blockchain!
It's been more than two years since I became a Hiver and since then I never lost the motivation to publish content, to interact with other Hive users and to follow the many projects developed on the Hive blockchain.
When I signed up on Hive (March 5, 2019) I thought Hive was just an interesting decentralized blogging platform but then I found out that the blogging aspect was just a part of Hive because Hive is a great ecosystem.
Hive is a great ecosystem
There are many applications, tools and sites developed and built on the Hive blockchain.
In the following image you can see a very small part of the projects developed on Hive.
If you are a new user of Hive I invite you to visit the site https://hiveprojects.io/
Hive projects is a directory where 135 projects built on the Hive blockchain are listed.
Hive Projects is a project originally created by noisy but is currently maintained and developed by engrave.
In the Home Page of Hiveprojects you can view the projects divided into categories.
Always from the home page of the site you can view the recently created projects (Latest project).
It is possible to search for a specific project using the search filter on the top left.
A project creator can request to add his project to the directory by clicking on Add Project (top right of the home page).
At the heart of Hive's large ecosystem is a large community of users, developers,...
Hive is a big and beautiful community
What makes Hive unique is its big and beautiful community.
The first positive aspect that impressed me from my first days on Hive was the great spirit of collaboration and the great willingness to help and support present on Hive.
The difference with traditional and centralized social platforms, where hatred and quarrels are rampant, is clearly evident!
Obviously there are exceptions, very few, but so far I have almost always received help and answers to my every doubt or curiosity.
A great demonstration of the strength and solidarity of the community of Hive I had yesterday when I published the following post:
In the post I linked above I told about the bad experience suffered by my friend @mad-runner and two of his friends @sissim and @angeloacrobat.
A despicable person (@hivewallet94) hacked mad-runner's email where there were emails containing Hive passwords for all three accounts I listed above and stole everything he could steal.
The hardest hit was suffered by @mad-runner who lost his entire collection of Splinterlands cards, a collection worth over $55,000.
When you suffer a breach and lose valuable assets the discomfort is great.
The affection and sincere support of people can heal or at least alleviate the pain of the "wounds" suffered and the community of Hive has proven once again to be a great and beautiful community.
The purpose of my post yesterday was to show @mad-runner how many people were there for him and I chose to direct all the rewards from my post to him.
I knew that the large Hive community would empathize with @mad-runner's situation and give a strong signal of support and solidarity but I didn't expect so much and was happily surprised and impressed by the responses I received.
The post was Hive's highest payout post of the day yesterday.
In 24 hours it reached a payout of 374$.
Only in another occasion a post of mine has exceeded the $200 payout but I can assure you that yesterday's post that will not bring me any increase in HIVE Power and HBD is the post that gave me more satisfaction because it showed once again the strength of the great community of Hive!
The post received so many comments and so much willingness to support and help towards the situation of an unfortunate hiver.
coccodema who has only 557 HP in his wallet has decided to use his Ecency points to Boost the post instead of using his points to increase the reward for one of his posts.
bencwarmer used his Ecency points to promote the post within https://ecency.com/ to increase the exposure of the post.
@claudio83 and sayee edited the post with votes from @tipu and @indiaunited
fedesox on discord and donthaveone via comment helped me to verify a possible violation suffered by @mad-runner that I did not know and had not considered:
Outgoing Withdraw Routes
In fact there was the risk that hivewallet94 had modified this setting which would have brought, without @mad-runner's knowledge, all future power downs of mad-runner in hivewallet94's account.
I checked https://hivetasks.com/@mad-runner and as you can see from the following image everything was in order.
However, the hivetasks site didn't seem completely updated and working (for example some values related to the votes given and received are not correctly displayed) and so I asked @fedesox to verify further.
Fedesox has verified and also on HiveDB there was the value Withdraw=0.
Many other users commented on the post giving advice and expressed their solidarity.
Many great stakeholders of Hive, that I don't tag but thank, have given their contribution by voting the post.
When a person suffers a hard blow and falls they are able to get up faster and easier when they raise their head and find a hand ready to help them get back up.
In the case of mad-runner the hands ready to help him have been many and to see him publish with the same rhythm of before is already a positive effect of the esteem and support he received!
A bastard and inhuman like hivewallet can receive a lot of money in his accounts, stolen money, but he will never receive the strength and the value of many hands ready to help him in his time of need because he is not a Hiver but just a little man who tries to steal money from those who are not so familiar with technology and do not adopt all the good rules of computer security.
Thanks a lot to all the Hivers who voted, commented and reblogged the post I dedicated to mad-runner.
Hive is a great ecosystem and it's also a great community but it's also so much more than that....
Hive is the perfect cradle for the development of Web 3.0 projects
Hive was born from the strength of a large community that wanted to rebel against the attempt of a millionaire to centralize a decentralized platform: Steem.
Some time ago I had fun imagining that battle (centralization VS decentralization) as a battle of the Splinterlands game.
Image from my previous post: https://peakd.com/hive-148441/@libertycrypto27/the-alien-attack-the-gray-men-have-arrived-eng
Among other things, the great success of the Splinterlands game shows that Hive is the perfect cradle to develop and grow a web 3.0 project.
Splinterlands is a winning project because it's a good game but also because it has been able to fully use all the potential of Hive:
- transaction costs on the blockchain in terms of Resource Credits and not in terms of HIVE.
- second level token of Hive
- staking and blogging activity
Resource Credits and Transaction Costs
If Splinterlands had been developed on Ethereum for example every time a player wanted to transfer his game assets he would have had to pay very high transaction costs.
The home of Splinterlands is instead Hive, all transactions take place on the Hive blockchain and thanks to Hive the player who wants to transfer for example a card or a certain amount of DEC tokens to another player can do so without paying any transaction costs in terms of HIVE.
On Hive the fees for transferring HIVE from one account to another are equal to 0.
Only Resource Credits are required to make transactions on the Hive blockchain.
The maximum amount of Resource Credits that an account has is directly proportional to the amount of HIVE Power (HIVE Staked) that the account has in its wallet and recharges over time and therefore without the need to purchase additional HIVEs.
The more Hive Power (Hive Staked) an account has, the more transactions it can make within the blockchain.
The more Hive Power has an account, the more value (HP) it can get from curation activity (voting on Hive authors' posts).
Possession of HP and interaction (upvotes) are highly incentivized on Hive which is a DPOS blockchain.
A Splinterlands player needs very little HP to play Splinterlands.
A project like Splinterlands needs many more HP (+ Resource Credits) to perform all transactions on the blockchain.
The second layer tokens of Hive
The Splinterlands player each time they win a battle within the game is rewarded with a certain amount of token DEC (the native tokens of the Splinterlands game).
DEC tokens are transferable at 0 cost from the in-game Splinterlands wallet to the wallet on https://hive-engine.com/ and become second level Hive tokens.
All Hive second level tokens can be bought, sold and traded with other second level tokens or they can be converted to HIVE.
For example, the DEC -> SWAP.HIVE conversion operation has no cost within the Hive Engine marketplace. The only cost to be incurred is in the withdrawal operation: 1% (SWAP.HIVE -> HIVE).
For example, if you withdraw 100 SWAP.HIVE you will receive 99 HIVE in your Hive wallet.
There are alternatives to Hive Engine such as https://leodex.io/ and https://tribaldex.com/.
If you use the site https://leodex.io/ for the withdrawal operation, the withdrawal commission is reduced to 0.25% (this operation can only be done if there is enough liquidity).
Whatever project is developed on Hive such as a community or a game based on blockchain, the developer of the project has the possibility to create its own token, a token of second level of Hive whose creation has relatively low costs and that allows a creator of a project to reward its users.
Staking and Blogging Activities
Whoever invests on Hive and buys HIVE tokens and stacks them to become HP (HIVE Power) tokens gets Resource Credits but also gets many other advantages.
For example, Splinterlands on Hive's blockchain not only makes transactions to allow its game to work and its players to have fun but also publishes content and uses its Voting Power (+ HP = + Voting Power) to vote and reward posts by Hive authors that are inherent to the game of Splinterlans.
All Splinterlands game-related announcements and updates are posted on Hive by the @splinterlands account.
Every week Splinterlands organizes contests to reward its players who in addition to playing games:
- publish content on the Hive blockchain
- share their posts on at least one blogging platform other than Hive.
Those who participate in these contests receive a vote whose weight depends on the effort put into writing the post.
For example from my last participation in the Splinterlands Social Media Challenge Contest I received a vote on my post from the steemmonsters account worth $15,135 ($HTU).
On Hive, the split of the reward between the author of a post and the curators (whoever votes on the post) is 50%/50%.
After seven days from the publication of my post thanks to the vote of Splinterlands I received an amount of HP equivalent to the value of 7,5675$ which is exactly 50% of the value of the vote I received from the account @steemmonsters who received at the same time my same reward.
Splinterlands uses Hive to post announcements, updates, and contests while also getting a financial return from its curation of Splinterlands-related posts.
Splinterlands' contests also serve a marketing purpose for Splinterlands because sharing Splinterlands' posts outside of Hive performs the important function of advertising and promotion.
Publishing a post on a platform other than Hive with a direct link to Hive is also a benefit to the Hive blockchain which has the opportunity to increase its number of users.
Splinterlands players by publishing posts on Hive get a reward in HIVE tokens and also in second layer Hive tokens (SPT, LEO, POB, ...).
This is a win-win model that offers benefits to everyone!
Conclusion
Hive is blockchain project that has many utilities.
Hive is a large ecosystem of apps, tools and sites
Hive is a decentralized, free and censorship-resistant blogging platform
Hive is the perfect cradle for the development of web 3.0 projects
Hive is above all a great community
Today September 13, 2021, one HIVE has the value of $0.746.
One year ago (September 11, 2020), a HIVE had the value of $0.19.
Despite the good increase in value over the one-year time window, I consider the value of HIVE to be highly undervalued, and I say this for all the reasons I outlined above.
The success of Splinterlands has led to an increase in registrations on HIVE.
Splinterlands is right now Hive's most popular project and it is also my favorite blockchain-based game but it is also just one of many projects developed on Hive.
So many other projects have potential and so many more will come in the future.
Every project built on Hive benefits from Hive and the strength of its large community and vice versa Hive benefits from the success of every project built on it.
Splinterlands and the other current and future projects built on Hive will bring Hive to the place it deserves, it's just my personal opinion but I'm very convinced of it!
Are you a developer?
If you are a developer of web 3.0 projects I suggest you to consider Hive: https://developers.hive.io/.
Are you not a Hive user?
If you are not a Hive user and you don't know the world of blockchains you have two possibilities:
You can continue to be a simple number, a simple source of data and wealth for centralized projects such as Facebook & Co. that use, by contract digitally signed by you, your data, your content and that in return can ban and censor you for any reason even invalid.
You can stop being a simple user, a simple number and you can start your adventure on Hive and become part of an important project in which you will have full ownership of your data, your content and complete freedom of expression but above all you will become part of the great and beautiful community of Hive.
If you don't have a Hive account you can easily create one in a few steps.
I have written a short tutorial where I show you how to do it:
HIVE: Registration and First Login with PeakD: https://peakd.com/hive-177682/@libertycrypto27/hive-registration-and-first-login-with-peakd-tutorial
The images in this post are screenshots taken from the sites:
[https://splinterlands.com/](https://splinterlands.com?ref=libertycrypto27)
The images that contain calculations and formulas are my property
The font I used in my images or in the images I edited is Open Source
Haha this is pretty funny, I really love Hive too and decided to follow you there. Only to find out that I was already following you! Sometimes it's a small world...