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Hiveans (Hive users)

Hivean is the term used to describe an user of the [Hive]( blockchain.
## Whales An investor that holds a market-moving amount of a cryptocurrency or NFT collection is often referred to as a whale, and whales can make big waves..[1] On Hive a whale is a user who has a lot of HP (Hive Power -HP) and therefore more voting power. According TobeTada ([@tobetada]( in November 2023 only 4 accounts hold -30% of HP[2] The Months before a study by Footprint Analytics[3] revealed the same.The role of Hive Whales also was comparable wasVCs (Venture Capitaloists) in a decentralized environment[4] ## Witnesses Witnesses are community elected hiveans to act as the network's block producers and governance body. The Hive blockchain requires a set of these people to create blocks and uses a consensus mechanism called delegated proof of stake, or DPOS. There are 20 full-time witnesses, producing a block every 63-second round. A 21st position is shared by the backup witnesses, who are scheduled proportionally to the amount of stake-weighted community approval they have. Witnesses are compensated with Hive Power for each block they create[5]. ## Related Posts @steevc - [The Brit List: May 2024]( May 8th, 2024 @dals - [Top Hive Earners by Category | Authors, Curators, Witnesses, DAO, HBD Interest | April 2024]( May 1st, 2024 @ibbtammy - [Stories of three strong Ladies of Hive]( March 25th, 2024 @demotruck - [New Users and Retention for Hive in 2023]( March 3rd, 2024 @taskmaster4450 - [Becoming A Hive Citizen]( February 10th, 2024 @arcange - [Hive Statistics 2024.01.31]( (New and Active Users) February 1st, 2024 @lunaticanto - [ ¿Hivers o hiveans? 🤔 ¡Bienvenidos a Caracas! - Welcome to Caraca]( October 27th, 2023 @djlethalskillz - [Any Hiveans on FriendTech already? Let's connect]( September 15th, 2023 @haryhor - [A New Hivean Journey | Finding My Way On Hive]( October 25th, 2022 @everyoung - [As hiveans, do your need to work or depend on your rewards for writing posts]( May 25th, 2020 ## References 1. [What Are Crypto Whales and Why Are They Important?]( Written by Robert Stevens in CoinDesk in 3/15/2023 2. [What Are Hive's Whales Up To?]( Written by TobeTada ([@tobetada]( in November 20th, 2023. 3. [Whales on Hive Blockchain]( Published by Footprint Analytics in August 22th, 2022 4. [Hive Whales Are Our VCs! .:. Late Night Blogging]( Written by [@ph1102]( February 17th, 2024 5. [What are Hive Witnesses?]( FAQ, retrieved in May 19th, 2024