What is CyberConnect? : Revolutionizing Social Networking with Decentralization
nStealth
Abstract
CyberConnect is a groundbreaking decentralized social network that empowers users by giving them ownership of their digital identity, content, and social connections. In this litepaper, we delve into the core components of CyberConnect, including CyberProfile, CyberConnect Social Graph, and CyberWallet. By combining blockchain technology and token-powered protocols, CyberConnect aims to liberate users from the constraints of centralized social media and enable them to fully harness the potential of their digital social identities.
Introduction
The early days of the internet, known as Web 1.0, promised a free exchange of information without the control of a single company or platform. However, the advent of Web 2.0 and social media introduced a few profit-driven corporations that gained significant control over how people communicate, create content, and host their online identities. This centralized model led to a data monopoly, limiting user options and resulting in a lack of platform-freedom.
CyberConnect emerges as a decentralized social network to address the inefficiencies and inequities of centralized platforms. It is built on the principles of self-sovereignty, interoperability, composability, programmability, and scalability. By leveraging blockchain and token-powered protocols, CyberConnect offers a user-centric ecosystem that fosters user trust, content portability, and innovation.
The Problem with Centralized Social
Centralized social media platforms control users’ social connection data, leading to a misalignment of interests between platforms and users. Users’ social data is exploited to maximize profits, leaving them with limited alternatives for better experiences. This creates a data monopoly, with only a few social media platforms dominating the market.
Content creators often receive a small fraction of the revenue generated by social platforms, while users typically receive no compensation for their engagement and loyalty. Additionally, users find it challenging to switch platforms due to data silos and lack of interoperability.
Decentralized Social: Our Solution
CyberConnect proposes a decentralized social network that provides a level playing field for platforms and developers, allowing them to compete based on the best service offered. All end-user social media platforms build upon the same social data layer, removing the need for any single company to control access to data. This enables users to seamlessly migrate their online identities across platforms.
CyberProfile: Universal Web3 Identity Infrastructure
CyberProfile is a universal identity infrastructure that anchors users’ self-sovereign digital identity to their CyberConnect account. It stores basic personal information, usernames, avatars, and metadata. When users create content, a connection between the content and their profile is established, ensuring on-chain proof of the original creator and allowing for proper attribution and monetization.
CyberConnect Social Graph
The CyberConnect Social Graph stores social data, including connections between users, their content, and interests. It offers developers a toolkit for building composable applications that utilize social data from CyberConnect. The smart contracts enable programmability, tokenization of content, and various social interactions.
CyberWallet: An Accessible & Intuitive Web3 Wallet
CyberWallet is a user-friendly web3 wallet designed to provide a frictionless onboarding experience for new users. It features two tiers, Social and Pro, catering to different user needs and knowledge levels. CyberWallet supports gasless transactions and account abstraction, enabling easy cross-chain gas fee payments.
CYBER: CyberConnect’s Native Utility & Governance Token
CYBER is CyberConnect’s native utility and governance token. It allows token holders to participate in governance decisions and will be used for various functionalities within the ecosystem, such as payment for CyberProfile minting and gas fees in CyberWallet.
Conclusion & How to Get Involved
CyberConnect represents the future of decentralized social networking, where users regain control over their digital lives and creators can thrive in a fair and decentralized environment. To get involved, users can try out social products built on CyberConnect or experiment with dApps leveraging its technology. A public sale for CYBER tokens will be held on CoinList. In the coming months, an official whitepaper will provide more technical details about the protocol.
About CyberConnect
CyberConnect is web3’s leading decentralized social network, enabling developers to create user-centric social applications where users own their digital identities, content, and connections. The platform fosters connections between thousands of projects, creators, and users, promoting a thriving and equitable social networking ecosystem.
To join the decentralized social revolution, mint a CyberProfile and embrace the power of true ownership and meaningful connections.
