![the Steem-Hive split](https://images.ecency.com/DQmSmK7CobGEo1rbmn2PHXhGxJcJWvGg5wEt7HnCpfoNkDW/images.jpg)
Hive is an interesting blockchain platform! It's a fork of the Steem blockchain and aims to provide decentralized social media and content creation. Here are some key points about Hive:

1. **Decentralization:** Hive emphasizes decentralization, allowing users to create and curate content without relying on a central authority.

2. **Proof of Stake (PoS):** Hive uses a Delegated Proof of Stake (DPoS) consensus mechanism. DPoS allows users to vote for witnesses who validate transactions and secure the network.

3. **Content Rewards:** Hive rewards content creators and curators with its native cryptocurrency, HIVE. Users earn rewards based on their contributions and engagement.

4. **Communities:** Hive organizes content into communities (similar to subreddits), where users can find niche topics and connect with like-minded individuals.

5. **Fast and Feeless Transactions:** Hive transactions are fast, and there are no transaction fees. This makes it suitable for microtransactions and social interactions.

6. **Challenges and Controversies:** Like any blockchain, Hive faces challenges such as scalability, governance, and community disagreements. However, its active community continues to develop and improve the platform.

Let's delve into the Steem-Hive split:

1. **Background:**
   - The Steem blockchain community faced a significant event in 2020 when Justin Sun, the founder of the Tron Foundation, acquired Steemit Inc., the company behind Steem.
   - Concerns arose within the community about the potential misuse of a large stake of STEEM tokens owned by Steemit Inc.

2. **The Split:**
   - On March 18, 2020, a group of Steem community members announced their intention to hard fork the Steem blockchain.
   - This hard fork resulted in the creation of a new platform called **Hive**.
   - The network split successfully took place on March 20, 2020.

3. **Hive vs. Steem:**
   - **Hive** is an exact code fork of the Steem blockchain, but it incorporates various alterations based on community feedback.
   - Unlike Steem, Hive emphasizes decentralization and community governance.
   - Hive aims to provide a platform for decentralized social media and content creation.

4. **Market Reaction:**
   - Following the split, the price of the STEEM token decreased by over 20% to around $0.23.
   - Hive (HIVE), the new cryptocurrency, emerged from the hard fork.

5. **Hive's Journey:**
   - Hive continued its independence push, with Steem stakeholders actively migrating to the new chain.