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Blockchain-Based Decentralized Social Media Platforms Show Promise
Summary: Cointelegraph writer Christina Comben presents the reasons that blockchain-based decentralized social media platforms could ultimately infiltrate the monopoly that centralized platforms like Facebook currently enjoy. Comben cites many security-related and ethical advantages to decentralized social media, including less potential for data breaches; abolishment of fraudulent advertising practices; increased transparency via smart contracts; eliminating censorship; and ...
Cointelegraph writer Christina Comben presents the reasons that blockchain-based decentralized social media platforms could ultimately infiltrate the monopoly that centralized platforms like Facebook currently enjoy. Comben cites many security-related and ethical advantages to decentralized social media, including less potential for data breaches; abolishment of fraudulent advertising practices; increased transparency via smart contracts; eliminating censorship; and shifting focus from likes and shares to the value that each user brings to the platforms.
While the rise of blockchain social media is in a very early stage, the dominance of decentralized platforms could increase in the future.
By Isaac Goluboff
Tags: Blockchain,Data,Decentralized,Facebook,Security,Smart Contract,Social Media
Link: Blockchain-Based Decentralized Social Media Platforms Show Promise [Copy]
