I hope you are doing well in your life and enjoying this beautiful festive time with your family and friends. If you are reading this article then most probably you are already exposed to the Hive ecosystem and have been using it to read, write or interact with a vast amount of other users on the blockchain network using any of the front end websites like inleo.io or peakd.com etc. It is the most decentralized and practically running and thriving blockchain on earth and is here for years. Not only that, but the main advantage of being a user in the Hive blockchain is that you can stand s chance to earn for your valuable engagement and contribution through posts, threads comments and votes. Unlike all the leading web2 social media platforms like facebook, instagram, snapchat etc where we spend all day but doe not get literally anything in return, Hive blockchain gives us real empowerment and earning facility. I am Also a long Hive user and author and just recently, I completed staking a total of 10k Hive power. So, In today’s post as a celebration of my touching my milestone of 10,000 Hive Power, I thought to talk a little about hive and my journey. So without further ado, let’s start..
Hive emerged into the crypto world as a blogging website built on blockchain and decentralized system, later many other big and small projects either migrated to or built upon Hive while facilitating its blockchain power. The birth of Hive network is a result of forking out from the old steemit network from a large section of people to avoid, protect and protest against Justin Sun, who suddenly and illegally captured the steemit ownership. So the user-base of Hive is way older than you may think than the birth of the Hive itself. I started my crypto journey from steemit snd witnessed the whole change first hand. But since Hive came out, it has emerged as a great example of how decentralised system should function. Not only the basic Long format blogs or posts but this blockchain also supports all other format of possible social media sharing just like your favourite social media but with a chance to win rewards as a special perk. Also, Anyone can open a Hive Account simple these days using their existing web2 ids like email or twitter etc so if you are not already calling your known ones into this network, then what are you doing!
Reward Structure of Hive
The reward structure of Hive as a blogging platform is also stunning yet simple to understand, where anyone who is interested in writing original articles can create a hive account for free and start posting his work and interact with others using the comment or Voting feature. Not only long format, but there are multiple front-end websites and apps available on hive who has short format posts with media sharing options like twitter or facebook, like in inleo.io where you can engage in the platform freely with your hive id and stand a chance to be rewarded on your short posts (rather a photo sharing a moment or a quick life update) or threads. Rewards on your Content or posts depends on how many votes you have got on that content and how strong the vote weights are. The more Hive Power any user stakes in his account, the voting power weight he gains which increases his vote USD value. Then whenever he votes other posts or contents ok hive, he will get more hive power from his staked hive amount and earn well just from voting. So thats why having a decent amount of Hive power is very important for everyone who is interacting with this network. Because first of all, more hive power means you can do more transactions for free in this chain, so with enough hive power in your account, engaging endlessly will no longer be a problem on hive and influencing with a good Voting power will also your posts and engagements get more attention.
My Achievement
For me, I have been writing long posts for a long time on Hive and as a part of my activity, I also try to increase my Hive Power over time. For a long time, I decided not to do any power down and only been using my HBD to invest elsewhere. When I decided this step, I was only having around 3.5k Hive Power and I am very glad today that only through my posting articles and comments, I have got successful in saving and staking a total of 10k Hive Power in my account. It is really a bug achievement for me I am really feeling proud to be a member and a small part of this gigantic Hive family. I am also fully dependent on my Hive income and running my family through posting blogs and playing splinterlands. I am really lucky to choose his as my career as I really love the environment, opportunity and liberty which you can find nowhere else.
