Steem has been forked to create Hive, a new blockchain designed to maximize decentralization in response to a recent corporate takeover. Can the two blockchains coexist?
Key Takeaways
After TRON announced its hostile takeover of Steem, the community forked into an alternative called Hive.
Hive is a blockchain-based content creation platform with a native token and governance model.
The primary distinctions between the two can be effectively reduced to centralization vs. decentralization.
In Summary
Both Steem and Hive appear to be in a strong position, and each has its own strengths and weaknesses:
Qualities of Steem:
Strong branding and long history
Higher STEEM value and SBD dollar parity
Large DApp ecosystem
Controversial but strong leadership from TRON
Qualities of Hive:
Decentralized structure and fund management
High HIVE value, but lack of HBD dollar parity
Small but promising DApp ecosystem
Involvement from long-standing Steem members
Fortunately, users do not have to choose between one blockchain or the other at the moment.
I prefer Steemjet to Hivejet thanks ❤️❤️❤️