Earlier today I was trying to understand why so many crypto projects crashed this year. 2020 was a very good year for cryptos because of the long bullish run but the reverse has been the case this year. so many crypto project were affected by the bear market,now looking at most of the crypto projects that couldn't stand the pressure of the bear market, you will find out that they are mostly centralize crypto projects.
what baffles me is that when you look at hive, it is no way near to most crypto projects that crashed both in market size and in price. so why is hive still in existence and thriving even in the face of bear market, why didn't hive crashed like them.if I am to say why hive has been able to withstand the effect of the bear market, I will say is because hive is a true decentralized project, decentralization has been a very core part of hive for those that have been on the platform and understands the workings of hive.
Transparency is something that everyone wants when doing business with anyone and this is something that is not associated with most centralized crypto projects.virtually all centralized crypto to projects are in control of what goes and goes out of the organization there by denying their investors the opportunity to have absolute control over their investment, in a centralized organization, the decision making process is left in the hands of owners and one funny thing about centralization is that laws can be formulated to deprive you of your funds when things go wrong. we have seen this in many of the crypto projects that got crashed, they are all centralized.
But on the aspect of hive you really have nothing to worry about because everything that is done on the platform is based on transparency, so as an investor or as a content creator on the hive platform you have control over your account, you are the master of your account.so you are always free do what you like with your account.there is no decision made without everyone on the platform involved, so in this case risk is well managed and losses is minimized at all cost.thid is why hive as a crypto platform will continue to exist no matter how hard the bears bite.
So until crypto platforms start adopting a true decentralization system like hive, they will continue to find it hard to cope with harsh nature of the bear market because it is evident that most decentralized crypto platforms function well when the market is bullish.so as it stands hive is taking the lead when it comes to being a decentralized crypto platform because it has proven that in many ways.i am very sure with time other crypto platforms will get to learn from hive how a true decentralized platform should be .