Hive Dollar (HBD)

HBD is a stablecoin that aims to hold a value near one US dollar, while HIVE is the main liquid token of the Hive network whose price fluctuates freely. HBD is meant for stability — saving, pricing, and payments — whereas HIVE is used for staking, governance influence, and trading. Think of HBD as the 'cash' of the ecosystem and HIVE as its volatile equity.

Hive runs on a delegated proof-of-stake (DPoS) consensus, where token holders vote for a small group of witnesses who produce blocks and secure the network. This makes transactions fast — typically around three seconds — and fee-free for users. The chain is also designed around social apps and content, with rewards distributed directly through the blockchain.

HBD is minted by the Hive blockchain itself, mainly as part of the reward pool paid to content creators and curators. Users can also convert between HIVE and HBD through a built-in blockchain operation, which helps keep the supply balanced. There's no central issuer or reserve — the peg is maintained through these conversion mechanisms and the debt system of the chain.

HBD can be held in a Hive keychain wallet or any wallet that supports the Hive blockchain, where it can also be placed in savings to earn interest set by witnesses. Within the ecosystem it's used for tipping, payments, and as a store of value. To get it on exchanges, you'd typically trade it against HIVE or other major cryptocurrencies.