Last Updated: 07/08/2022
Official Website: https://hive.io/
Hive is a cutting-edge, futuristic decentralized blockchain and ecosystem that is designed to grow in order to gain acceptance as a widely used platform and currency. Hive's ultra-rapid processing rates and fee-free transactions have placed it among the top Web3 blockchains used by users globally.
Delegated Proof of Stake is the consensus mechanism that Hive uses (DPoS). By making sure that transactions are accurately represented, this algorithm secures the blockchain. A DPoS system is a form of tech-based democracy that uses voting and election procedures to safeguard blockchain from centralization and abuse. Regarding how this relates to Hive, the weight of your vote is determined by the amount of Hive Power (HP) that you have invested on your account. The Hive server, which creates new blocks and maintains the entire network's functionality and security, is run by witnesses who are chosen by stakeholders.
Hive is the blockchain for multimedia. Blogging stories, sharing videos, livestreams, sounds and images. Returning the value created by creativity back to the creators themselves. The users are the owners of this decentralised platform.
Aydin Kilic - PRESIDENT & COO
Mr. Kilic has over 20 years' experience as an entrepreneur and electronic engineer with expertise in cryptocurrency, capital markets, real estate development and scientific research. He founded Fortress Blockchain Corp. in 2017 and led this company as CEO to go public as a Tier 1 Technology Issuer on the TSX-V, raising $30M in the process.
Renowned global investor Frank Holmes leads the HIVE board of directors, contributing to the company's vision and strategy. Frank is chief executive and chief investment officer at U.S. Global Investors, a leading mutual fund and asset management firm. Frank is a sought-after keynote speaker at international investment conferences and a regular guest in business media. His Frank Talk CEO Blog is one of the most widely read in finance.
Mr. Daubaras has over 25 years of experience working with public companies and in corporate accounting. Darcy served as a member of the executive team at FinancialCAD Corporation before joining HIVE. She has also held positions as director of corporate accounting at Mercer International and chief financial officer for a number of Canadian listed public firms. Darcy has experience with Sarbanes-Oxley and holds a CPA, CA designation from the Chartered Professional Accountants of British Columbia in addition to a CPA designation from Illinois. He graduated from the University of Victoria with a bachelor's degree in business.
Since December 2019, Mr. Mann has served as President and a Director of HIVE Digital Data Ltd., a department of HIVE. Before joining HIVE, Mr. Mann served as president of Meridian Fund Managers Ltd. from November 2003 to July 2019, a BVI-registered fund manager with two alternative investment funds that predominantly invest in mining and oil and gas companies. Mr. Mann had previously held top management and partner positions with a number of Bermuda-based businesses. Since 1997, Mr. Mann has had non-executive directorships in three mining and oil firms with Canadian market listings that have since amalgamated with other companies, as well as Gran Colombia Gold Corp. from March 2016 to August 2017. From 2005 until 2017, Mr. Mann served as a director for two AIM-listed businesses.
Hive has their own wallet called Hivewallet - a fast, secure and open source wallet for the Hive blockchain. Encryption wise it is just as safe as the cli_wallet app provided by the Hive software, using AES 256 encryption and per device & per (re-)install unique initialisation vector. Also the app obliges you to choose a difficult to guess passphrase for encrypting your wallet file. You can opt to store that passphrase in your device's native keychain, if your device provides biometric access (Touch ID, Face ID, Fingerprint) and you have that feature enabled.
You can Buy & Sell Hive (HIVE) here at BC Bitcoin. You can Buy HIVE by heading over to the Buy Coins page of our website. HIVE is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying HIVE has never been easier, simply place your order and provide your wallet address. Once your payment arrives, HIVE will be sent directly to your wallet.
If you choose to Sell Hive (HIVE), you can send us the coins and receive a payment to your bank account. Details and a live valuation can be found on the Sell Coins page.
Hive Website: https://hive.io/
Hive Block Explorer: https://hiveblockexplorer.com/
Hive GitHub: https://github.com/openhive-network
Hive Whitepaper: https://hive.io/whitepaper.pdf
Hive Twitter: https://twitter.com/hiveblocks
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards