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Celsius CEO Believes War Between Centralized And Decentralized Networks Is Inevitable
Summary: Alex Mashinsky, founder and CEO of Celsius Network, stated during the ELEV8CON event in Las Vegas on Dec. 10, that there is a war brewing between centralized and decentralized networks. Mashinsky believes that centralized social media networks have caused an increase in fake news. He also stated that fake news stories receive higher engagement which ...
Alex Mashinsky, founder and CEO of Celsius Network, stated during the ELEV8CON event in Las Vegas on Dec. 10, that there is a war brewing between centralized and decentralized networks.
Mashinsky believes that centralized social media networks have caused an increase in fake news. He also stated that fake news stories receive higher engagement which leads to big profits for companies like Facebook and Google.
In an interview with Cointelegraph Mashinsky claimed that blockchain-based data platform is the only solution capable of combating fake news. A decentralized blockchain-based system can provide verification for both the identity of users and the authenticity of data, bringing a much-needed layer of transparency to the online world.
Mashinsky also stated that “the entire internet eventually become an application on the blockchain.”
By Ramsey Baker
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Link: Celsius CEO Believes War Between Centralized And Decentralized Networks Is Inevitable [Copy]
