How the Bitcoin model can solve the social media dilemma

Social media platforms are frequently under fire because they lack total encryption, privacy policies, and censorship. But a blockchain-based solution could spell doom for centralized social media dominance.Social media has become a crucial part of everyday life for consumers and businesses alike. These platforms allow users to find the content they want based on their inputs. The ideal scenario should be a streamlined feed that users receive, leading them to the businesses at the end. The results can be wildly skewed when it comes time to distribute the rewards.Algorithms are constantly changing to generate new revenue streams for the platform and disenfranchize users. These algorithms are built by gathering large amounts of data from individuals. This can often be as intrusive as it is efficient.However, most central platforms do not allow for freedom of speech. Platforms can opt to police or censor user comments by referring only to the Terms of Use.Perhaps the most important aspect is encryption. While most social messaging platforms claim to offer end-to-end encryption, many require users to connect to a number. This violates the user’s right of complete privacy.These inherent problems are common across platforms due to the fact social media is centralized. This could be fixed by a blockchain that is run by equal nodes just as any other decentralized cryptocurrency.

The Bitcoin model

The Bitcoin model allows users to control their privacy and eliminate any obstacles through a decentralized social media platform. Blockchain-based solutions could not only provide economic decentralization (where equal value is shared among creators and node holders), but they also have the potential to enhance usability.Users can log in using their private keys to instantly pull in all of the customized settings from the blockchain. The user can then vote for content’s quality, promote it, and subscribe to creators.Bastyon, a decentralized social network that was modeled after Bitcoin, has been rebranded as Pocketnet. Bastyon’s codebase is loosely derived form Bitcoin. However, it uses a Proof of-Stake consensus algorithm.Creators of content are often pseudonymous users who can be identified by their public keys or other information about themselves.Nodes manage the blockchain and answer RPC socket calls from front end. They will only be rewarded if they provide these services.

Direct crypto transfers and encryption

Bastyon has recently released a peer-to-peer encrypted messaging system. This is a private, decentralized messenger that does not require a user to have a phone number. Blockchain provides a blockchain ledger that allows the exchange of encryption keys in order to establish secure, asynchronous channels.All one-on-one conversations are encrypted by default. Images sent and received via chat also have encryption. To add an extra layer of privacy, messages history is deleted after seven days.The platform will allow users to transfer Pocketcoin (PKOIN), the native cryptocurrency token of the platform, directly through the platform. Users can trade up to 19 crypto tokens on multiple exchanges to get PKOIN.Bastyon’s interface doesn’t limit itself to one region. Bastyon is available in many languages, including English, German Mandarin, Korean, French, and Russian.Bastyon claims that virtually all the wealth and power in the internet world is concentrated in the hands a few. This is why the decentralized social network seeks to fix it by bringing Bitcoin’s foundations to all internet platforms.”Users continue to jump into centralized apps, and then these platforms betray them once their numbers become large.” Bastyon, the Bitcoin of social media networks, is a blueprint for all decentralized applications. Daniel Satchkov, the founder of the project, said that Bitcoin serves as a blueprint.Bastyon messenger can be downloaded at bastyon.com as both an Android and desktop app

Disclaimer. Disclaimer.Cointelegraph does not endorse the content or products on this page. We do our best to provide you with all the information we can. However, readers are responsible for doing their research and should not rely on this article as investment advice.

https://cointelegraph.com/news/how-the-bitcoin-model-can-solve-the-social-media-dilemma