Since our last interview, we\u2019ve been very busy working on the underlying Hive technology and its infrastructure.Hive hard fork Equilibrium is scheduled to take place on June 30th at 1400 UTC.What are the goals of the protocol changes in the latest Hardfork?In this hardfork, we have placed a special focus on improving the economics of Hive.Introduce recurring payment operationsOur vision for Hive is to create a robust platform for decentralized applications and services. As part of this drive, recurring payment operations have been added to the blockchain protocol to increase the efficiency of dApps and services that benefit from receiving subscription-based micropayments.Stabilize the USD peg of Hive-backed dollarsHardfork 25 aims to stabilize the USD peg of Hive-backed dollars. Hive-backed dollars (HBD) are a unique type of trustless stablecoin that is backed by the underlying value of the Hive blockchain itself instead of external collateral or a centralized entity.This backing takes the form of an onchain conversion operation that lets HBD be converted to an equivalent USD value of Hive itself. For example, 10 HBD can be converted into $10 USD worth of HIVE. This HBD to HIVE conversion mechanism has effectively pegged the value of 1 HBD at or over the value of $1 USD. But it hasn\u2019t prevented HBD from attaining values much larger than $1 USD due to intermittent speculation on cryptocurrency exchanges.To solve this problem, a new conversion operation is being introduced that enables HIVE to be converted to HBD, allowing market makers to create more HBD to satisfy demand for HBD when the price begins to rise above $1 USD. This new HIVE to HBD conversion will create an equilibrium point where HBD will be pegged on the high side as well as the low side of USD pricing.Create a stable investment opportunity for onchain investorsIn\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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