Question 1

What is it?

Accepted Answer

**Hive Dollar (HBD):**
Hive Dollar, commonly known as HBD, is a stablecoin native to the Hive blockchain. Its value is meant to remain close to 1 USD, providing a stable medium of exchange within the Hive ecosystem. Being a stablecoin, HBD offers reduced volatility compared to other cryptocurrencies, making it preferable for specific transactions or as a stable store of value on the Hive platform.

**The Hive Platform:**
Hive is a decentralized social blockchain that emerged as a hard fork from the Steem blockchain. Designed to support Web 3.0, decentralized applications (dApps), and online communities, the Hive blockchain prioritizes speed, scalability, and user-friendly fee structures. Content creators on Hive can earn crypto rewards for their contributions, with HBD being one of the payout options alongside the Hive Power (HP) token.

Question 2

What is it used for?

Accepted Answer

HBD serves several purposes within the Hive ecosystem:

* **Stability:** As a stablecoin, HBD offers a predictable value pegged closely to the US dollar, making it attractive for users and dApp developers who prefer to avoid extreme price volatility.

* **Rewards Payout:** Content creators on the Hive platform have the option to receive their rewards in a mix of Hive Power (HP) and HBD, allowing them to benefit from both token appreciation and a stable currency.

* **Market Transactions:** HBD can be traded on various exchanges and can also be used for transactions within the Hive ecosystem, especially for services and goods that prefer a stable medium of exchange.

Question 3

Who created it?

Accepted Answer

John Furneaux and Eric Typaldos are the co-founders of Hive.