How the Bitcoin model solves the social media dilemma


Social media platforms are constantly under fire for their lack of comprehensive end-to-end encryption, existing privacy policies and censorship-but blockchain-based solutions may mean the end of the era of centralized social media dominance.

In many ways, social media is an important part of the daily lives of businesses and ordinary consumers. Today, these platforms connect individuals with the type of content they need based on their input. This simplified feed for users should be the perfect scenario to guide them to the last waiting enterprise. However, when it comes to assigning rewards, the results are often unbelievable.

Algorithms are constantly changing, creating new sources of income for the platform while depriving users of their rights. In addition, building these algorithms involves collecting large amounts of data from individual users. Generally, this can be as invasive as effective.

At the same time, in most centralized platforms, there is no right to freedom of speech at all. By referring only to the detailed rules in its terms of use, the platform can choose to monitor and review user comments.

Perhaps the most important aspect is the need for platform encryption. Although most major social messaging platforms claim to have end-to-end encryption, they usually require users to connect to a phone number. This compromises the user’s right to complete privacy.

Cross-platform, these inherent problems boil down to the centralization of social media as a whole. However, a blockchain run by equal nodes, like any decentralized cryptocurrency, can solve this problem.

Bitcoin model

A decentralized social media platform built on the Bitcoin model will put end users back in charge of ensuring their privacy and removing these barriers.In addition to the obvious economic benefits DecentralizationWith the same value shared between node holders and creators, blockchain-based solutions can even improve usability.

Essentially, users can log in with their private key and immediately extract all personalized settings from the blockchain. Users can then publish the content, vote for its quality, promote it, and subscribe to creators.

Bastion Network, Recently renamed Pocket Net, Is a decentralized social network modeled on Bitcoin. However, although its code base is loosely derived from Bitcoin, Bastyon uses a proof-of-stake consensus algorithm.

The creator of the content is usually an anonymous user, identified by their public key and the information they choose to disclose about themselves.

At the same time, the node maintains the blockchain and responds to RPC socket calls from the front end. Only if they perform these services will they be rewarded.

Encrypted and direct encrypted transmission

Bastyon recently released a decentralized peer-to-peer encrypted messenger-a private messenger that does not connect to the user’s phone number. Blockchain provides a ledger that allows the exchange of encryption keys to establish a secure asynchronous channel.

In this way, all one-to-one conversations have end-to-end encryption by default, as are any images sent or received via chat. As an additional layer of privacy, the message history is only stored for 7 days.

Users can also directly transfer the platform’s native encrypted token Pocketcoin (PKOIN) through the platform.In order to obtain PKOIN, users can trade up to 19 encrypted tokens, including BTC, ETH and dog, In several exchanges.

Bastyon’s interface is also not limited to a specific geographic area. The platform is available in many different languages, such as English, German, Mandarin, Korean, French and Russian.

According to Bastien, almost all power and wealth in the current Internet landscape are concentrated in the hands of a few people. The decentralized social network aims to solve this problem by bringing the foundation of Bitcoin into the world of Internet platforms.

“Users keep jumping into centralized applications, and once they get bigger, these platforms will betray them. Bitcoin provides a blueprint for all decentralized applications, and Bastyon is indeed the Bitcoin of social networks,” the founder of the project Said Daniel Satchkov.

The Bastyon messenger is available at bastyon.com, As an Android application and a desktop application.

Disclaimer. Cointelegraph does not endorse any content or products on this page. Although we aim to provide you with all the important information that we can obtain, readers should do their own research before taking any actions related to the company and take full responsibility for their decisions, and this article cannot be regarded as investment advice.



Source link

Recommended For You

About the Author: News Center