# 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..<ref>[What Are Crypto Whales and Why Are They Important?](https://www.coindesk.com/learn/what-are-crypto-whales-and-why-are-they-important/) Written by Robert Stevens in CoinDesk in 3/15/2023</ref> On Hive a whale is a user who has a lot of HP (Hive Power -HP) and therefore more voting power. According TobeTada ([@tobetada](https://hive.blog/@tobetada) in November 2023 only 4 accounts hold -30% of HP<ref>[What Are Hive's Whales Up To?](https://hive.blog/hive-167922/@tobetada/what-are-hives-whales-up-to) Written by TobeTada ([@tobetada](https://hive.blog/@tobetada)) in November 20th, 2023.</ref>, months before a study by Footprint Analytics<ref>[Whales on Hive Blockchain](https://www.footprint.network/@Formosa/Whales-on-Hive-Blockchain) Published by Footprint Analytics in August 22th, 2022</ref> revealed the same.The role of Hive Whales also was comparable wasVCs (Venture Capitaloists) in a decentralized environment<ref>[Hive Whales Are Our VCs! .:. Late Night Blogging](https://hive.blog/hive-196233/@ph1102/hive-whales-are-our-vcs-late-night-blogging) Written by [@ph1102](https://hive.blog/@ph1102) February 17th, 2024</ref>

## 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<ref>[What are Hive Witnesses?](https://hive.blog/faq.html#What_are_Hive_witnesses) Hive.blog FAQ, retrieved in May 19th, 2024</ref>.

Read more in the article [[Hive Witness]]

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