They keep getting criticized because they don’t have full encryption, and they don’t have the same privacy policies and censorship as other social media platforms. A blockchain-based solution could end that.
In many ways, social media is an important part of everyday life for both businesses and the average person. Today, these platforms connect people with the content they want based on what they say. Users should be served a simple feed that leads them to the businesses at the end. This should be the ideal situation. However, when it comes to giving out the rewards, the results are often very different.
Algorithms are always changing so that the platform can make more money while making users less happy. Furthermore, building these algorithms requires a lot of data from people who use them. A lot of the time, this can be invasive and useful at the same time.
The need for encryption on platforms may be the most important thing of all. If you want to use a major social messaging platform, you might have to give your phone number to connect. As a result, the user’s right to complete privacy is put at risk.
People have problems with social media because it’s mostly run by a few people. However, a blockchain that is run by all the same nodes, like any decentralized cryptocurrency, could solve this.
BTC is a way to make money that doesn’t
People who use a decentralized social media platform built on the Bitcoin model would be in charge of making sure their privacy rights are protected and removing these barriers to their use. After all, economic decentralization, where node owners and creators get the same value, could make it easier to use.
Basically, users can log in with their private keys and get all the settings they want from the blockchain right away. Users can then post content, vote for how good it is, promote it, and follow the people who make it.
The Bastyon network, which was recently renamed from Pocketnet, is one example of a decentralized social network that is based on Bitcoin. However, even though its code is based on Bitcoin, Bastyon uses a Proof-of-Stake consensus algorithm.
Users who make content are usually anonymous, but they can be identified by their public keys and the information they choose to share about themselves.
While that’s going on, nodes are taking care of the blockchain and responding to RPC socket calls from the front end. Only if they do these things will they be rewarded.
There is a lot of encryption and direct crypto transfers in this game
One of the people who worked on Bastyon’s project recently made a peer-to-peer encrypted messenger that doesn’t need the user to give his or her cell phone number. The blockchain has a ledger that lets people exchange encryption keys to set up secure asynchronous channels.
In this way, all one-on-one chats have end-to-end encryption by default, and so do any images that are sent or received through the chat, as well. For extra privacy, message history is only kept for seven days.
A crypto token called Pocketcoin (PKOIN) will also be able to be transferred through the platform. A person can trade up to 19 crypto tokens, such as BTC and ETH, to get PKOIN. They can do this on a number of exchanges.
Bastyon’s interface isn’t just for people in one place. A lot of different languages are available on the platform, like English and German.
Based on what Bastyon says, most of the power and wealth in the current internet landscape is in the hands of a few people now. To solve this, the social network wants to bring the foundations of Bitcoin to the world of web platforms.
A lot of people start using apps that are centralized, but then the platforms they use betray them when they get big. “Bastyon is really the Bitcoin of social networks,” said the project’s founder, Daniel Satchkov.
There is a Bastyon messenger at bastyon.com, as well as an Android app and a desktop app.
Disclaimer: Cointelegraph does not agree with any of the content or products on this page. Readers should do their own research before taking any action related to the company and take full responsibility for their own decisions. This article should not be used as investment advice, and it should not be used as a guide.