PIZZA 100- Intro to the Hive Blockchain

Official Pizza Guide to HIVE Blockchain!

If you're reading this- first off welcome to Hive.Pizza🍕!

This guide is a basic intro guide for those who are new to the HIVE Ecosystem and have already obtained their hive username and keychain but have a few questions.

Firstly, Hive is a great place to socialize, share, create, and monetize your original content with the HIVE Blockchain.

With the utilization of Dapps, developers have created multiple front ends that allow users to find a home for whatever type of content they create. Below you will find a list of just a few of the Dapps currently available to users and their targeted medium of content.

Peakd.com: Peakd is utilized for long-form writing and blogging. A niche for every writer and blogger can be found here. It is also one of the best front ends for viewing all your personal account information and viewing things on the blockchain. When using peakd you can see what every user is sharing to the blockchain- not just limited to fellow peakd users. It is a great all-around Dapp for most of your HIVE utility needs.

D.Buzz: Most comparable to Twitter formatting. This front end encourages users to share their content in a short form with a character limit of 280 characters. “Buzzes” as they are called are by default set to a limited payout. You have to manually adjust this if you would like to receive a higher payout.

Vimm.tv: Earn crypto for your live streams. Must have an account with hive.signer to link with your hive account.

3speak.tv: Watch and Upload videos to the HIVE ecosystem! Get/give rewards in Hive Tokens!

There is so much to the blockchain! So, HivePizza built a browser extension that acts like a Hive directory for all the Dapps and community front ends!

Download it here

Hive Blockchain itself functions primarily on two forms of currency:

HIVE	= the token rewarded for curation, posting, and governance.
Hive Back Dollar (HBD)	= HBD is backed by $1 worth of Hive. and also rewarded on posts.

There are 3 states in which you can hold your HIVE and HBD

Liquid: HIVE that you own but is not benefiting you in any way. This form is rewarded on posts and can be sold, exchanged, and traded.

Staked (HP): Staked hive also referred to as “powered up HIVE” provides many benefits on the blockchain. The more HIVE that is powered up equates to larger rewards, more voting power, and resource credits for on-chain activities. This also includes an increase in stake when it comes to blockchain governance. Returning staked HIVE into a liquid state can be done by “powering down”. Powering down HP is a 3-month process and is paid out in 13 weekly payments.

Savings: Exactly as it sounds, savings is a safety net for liquid HIVE and HBD. It takes 3 days to withdraw any HIVE from savings.

Terminology of Hive:

Keys: Every user is given a set of keys for their account upon creation. Each Key gives a different level of access to your account.

Owner Key	The owner key is the most important. This key can be used to change all other keys tied to your account. With this key, your account can be completely hijacked or compromised. Loss of this key severely limits the operation of the account. Guard this key carefully.
Posting Key	It is exactly as it sounds. It is used for creating posts, upvoting/downvoting, and all social interactions such as following/unfollowing, muting, and reward claiming.
Active Key	The active key should ONLY need to be used to confirm transactions or trades or change user settings.
Memo Key	The Memo Key is for private messages and encrypted transaction memos. The memo key is the only key that can encrypt and decrypt messages linked to your account.

Master Password: This is the password that keeps your wallet and your keys safe. The master password can also be used to retrieve all private keys of an account.

Reputation: Every account begins with a reputation of (25). This number is oftentimes next to your name/profile image. This reputation is a way to validate an account’s standing/contributions to the community. Over time your account reputation will change based on the number of votes you get. Receive downvotes and your reputation will decrease. Receive upvotes, increase your reputation.

Upvote: A representation of your approval of content on the HIVE blockchain. This is determined by your HP and the percentage you choose- your upvote equals a monetary reward for the content you are upvoting. Example: 730 HP + 100% vote will equate to a vote of $0.02

Downvote: Opposite to the upvote. Instead of giving a monetary reward, you remove value from the post. It is your discretion as to why you are using your downvote. Commonly used for plagiarism and instances of identity theft.

Rewards: Rewards are determined by the Dapp that you are utilizing to interact with the blockchain. Front ends like peakd and hive.blog payout rewards in HIVE/HBD but others like leofinance, for example, would generate LEO tokens. When posting to Peakd you earn 50% HBD and 50% HP on the Hive blockchain (this is the default option).

Resource credits: This is the amount of “power” that you have to complete actions on the blockchain such as voting or posting. Each Hive user is allotted a weekly allowance of resource credits based on your HP. If you use all your resource credits you will have to power up more Hive or wait till you are issued your new weekly allowance. If there is a lot of traffic on the blockchain resource credits costs may fluctuate

Voting power/Voting mana: The percentage of your HP you are using to vote with. Power does drain through usage meaning: your vote carries less weight each time. Power will naturally recharge 20% every day.

Delegation: This is in regards to your Hive Power. Meaning that you are allowing other users to “borrow” your HP and use it as if it were theirs.

Witnesses: A witness is a person/project that operates a witness server on the Hive Blockchain. This server produces blocks and publishes a price feed of HIVE/USD to the network. These blocks contain various types of information all relevant to date stored on the blockchain. Witnesses also work together when making large developmental decisions for the blockchain.

Did you know that Hive.Pizza is a witness on HIVE? Vote for us here.

Second Layer Tokens: These are tokens that utilize the HIVE ecosystem in different ways and run on Hive-engine. These tokens have various uses and can all be exchanged for HIVE on the Hive exchanges. Our token $PIZZA is a 2nd Layer Token. The best way to find out what a token is for is to find/join that token’s discord community or read about it on the exchange.

Fellow Pizza lover and Hiver @Dibblers.dabs has also written some great information posts about PIZZA. If you would like to know more about Pizza you should check them out

Pizza Guide 101	Pizza Guide102
How to buy PIZZA and summon $Pizza bot.	Learn about Pizza Lotteries & Diesel Pools

Things to know

Once you reach 500 HP (Staked Hive) a vote slider will appear when navigating Hive front ends such as peakd and dbuzz to control how much power you would like to vote with your voting power.

Manual Curation: Hand selecting each post and comment that your account upvotes.

Automated Curation: Your account automatically follows curation trails of accounts that upvote content that you approve of. It is your responsibility to know what your account is upvoting.

Curation trails: When you find an account that upvotes content you approve of you can set your account to automatically follow/trail that account. This means your account upvotes whatever that account upvotes. Generating passive curation rewards. Use hive.vote to start your curation trail journey. You will need to know the username of the account(s) you wish to follow.

For those interested in joining HivePizza's curation trail click here.

Curation Rewards: In the Hive ecosystem it is currently set up so 50% of the payout goes to the author of the post/comment, and 50% goes to the curator.

To maximize curation rewards you want to vote on a high-quality post within the first 24hours of it being posted. Note: curation rewards decrease after the first 24hours and again after 72 hours (3 days).

Claim your curation rewards daily! (This can be done in keychain and peakd wallet)

Never plagiarize. There is a heavy emphasis on original content. This applies to everything posted and shared with HivePizza and HIVE-related ecosystems. If you are using content that is not yours always cite the source. Do not try to monetize other people’s work – that is stealing.

Reward Pool Milking: This is frowned upon. This includes but is not limited to: utilizing accounts you control to supplement votes/rewards for your content or abusing Hive’s second layer engagement tokens to maximize personal profits. Meaning: Spamming commands on your posts.

Important: Hive Blockchain has an internal market for trading Hive to HBD with exclusive rates! This is also accessible through peakd.com/@username/wallet