The ability to create NFTs on Hive, despite being a hard fork of Steemit, stems from Hive’s independent technological evolution and community-driven development. In contrast, Steemit lacks the necessary features for NFT creation due to the following differences:
Table of Contents
Differences Between Steemit and Hive
Background of the Hard Fork:
- After the acquisition of Steemit by the TRON Foundation, concerns about centralization led the community to launch Hive as a hard fork.
- Hive operates independently, emphasizing decentralization and community-driven development.
Technological Advancements:
- While Hive inherited Steemit’s codebase, it introduced unique improvements, including smart contract functionality essential for NFT creation and management.
- Hive supports NFT issuance via integration with networks like Polygon, enabling token ID and metadata configuration for NFTs.
Limitations of Steemit:
- Designed primarily as a decentralized social media platform, Steemit does not include smart contracts or other features necessary for NFT creation.
Why NFTs Are Possible on Hive
Smart Contract Compatibility:
- Hive leverages smart contracts through integrations with other blockchains like Polygon to facilitate NFT creation. This infrastructure allows users to mint NFTs by defining token IDs and metadata.
Community-Driven Development:
- As an open-source platform, Hive enables rapid implementation of new technologies like NFT-related features through community proposals.
Focus on Decentralization:
- Free from TRON Foundation’s centralization concerns, Hive has embraced new use cases such as NFTs without external restrictions.
Summary
Although Hive and Steemit share a common origin, their development paths have diverged significantly. Hive’s community-focused approach and adoption of smart contract technology have enabled NFT creation, while Steemit remains unsuitable for such functionalities due to its limited scope.
Leave a Reply