Five years ago, the whole crypto world was shocked after seeing the big news of a new blockchain being born from the Steem blockchain. The demand of this new community was basic and sensible, and they just thought about the community, and it was all about decentralization. It was a question of decentralization, freedom, and giving first priority to the community. Now we are all thinking about what is next for this blockchain?
A Strong Start
After that separation, this incredible blockchain has shown nice growth. We have seen in these years that content creators, developers, and crypto and blockchain enthusiasts have come and joined this for censorship resistance, freedom of speech, and true ownership of assets and content. This blockchain is not only for the content creation, but it has dapps of gaming, social interaction and engagement, DeFi, and blogging. Hive does not have powerful backing, but it has a powerful community.
Community Power is Key
Community is the biggest strength of the Hive blockchain, and the community makes decisions by voting on the proposal, but for that, you need a Hive token stake. It is all about what the community wants, and power is not limited to one entity.
Hive is the prime example of how a platform can grow without any entity control, and in the future, such a system can be a model and inspiration for others.
Challenges Ahead
The irony is that many people are not aware of the blockchain because it is not as handy and easy as Android technology. To use blockchain technology, you need multiple things like keys, a wallet, and you also need to understand the staking and how the governance works. So it takes time to familiarize oneself with such a system. No doubt, web3 is the future, but the growth of web3 platforms is slow. Also, this is the reason that onboarding is slower than the web 2 platforms.
Hive community is solving this issue and making it easy for beginners by making it mobile-friendly and easy for the beginners. This way, it can solve the onboarding issue. Right now, Inleo is doing great work to onboard people through its threading platform.
The Next Five Years of Hive
The time is coming when dapps and blockchain gaming grow, and Hive is going to play a very important role in it. Also, some budding experts from Hive are trying to make onboarding better, which is much needed. By the hive blockchain crypto reward mechanism, it can feed reward-based tools for education & learning, the microblogging and short content field, and different news & media networks. Such platforms can easily grow here.
Along with this, Hive has a chance to grow a richer ecosystem because there can be more future partnerships, funding ideas, and more developer support.
Conclusion
In five years of independence, Hive is not just surviving, but it is thriving. Hive has amazed everyone with its community support and growth in a truly decentralized way. No doubt that Hive is gonna be the strongest decentralized platform of the future. What are your thoughts regarding this information? Do let me know in the comments section. Please share this on social media, which is part of onboarding web2 people into web3. Have a good day ahead.
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and having new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring. Thank you, hive family ♥ |
Posted Using INLEO
