Top 6 Blockchain Based Social Media Platforms To Watch Out For
While most of the people think ‘blockchain’ as a technology to make only bitcoins, it has now become one of the biggest inventions of all time. Just like the internet has revolutionized everything back in the 90s, #blockchain is ready to create such an impact once again. People have started using blockchain for lots of decentralized businesses especially a number of developers came out to develop Dapps (decentralized apps) on blockchainand challenge the current giants in the industry (Facebook, Instagram, Youtube, etc)
Here are some of the famous DApps that have been able to attract lots of users and gained popularity in a blink on an eye.
1.Steemit: Chances are you have already heard of it. It might be the blockchain based dapp with highest number of active users till date. Steemit rewards users for publishing good and quality content. Apart from that readers also get rewarded for voting up, voting down, and actively using the dapp. So, in short, its a “Reddit” on blockchain where both the content creators and users get paid.
2. Saipen: Saipen owners describe themselves as alternatives to social news sharing platforms like Facebook, Google+. It is built on Ethereum blockchain, highly customizable and decentralized. Although they don’t reward the content creators like Steemit, yet their model is also similar to Reddit.
3.Foresting: Foresting is also one of the best and most popular dapps. They literally claim them to be the alternative to Facebook and yet they are — or even better them. Users can create content, upload stories, pictures and videos just like Facebook but will also get paid for the likes they receive from people.
4.Choon: Choon is alternative to Spotify and was developed with an aim to solve the existing problems music creators face. Most of the times they aren’t paid for the work they do and also due to piracy issues, their music is used freely everywhere. Choon, based on blockchain, eradicates these problems. Moreover, just like Steemit, they also reward people to listen to that music.
5.D-Tube: D-tube runs on Steemit platform and as the name suggests, it is an alternative to Youtube — following the principles of Steemit. Unlike Youtube, creators don’t have to allow for monetization and display ads, rather anyone can start earning money from the videos at any time. Even the commenters also are rewarded in their tokens. Good thing is, there are no ads, but bad thing is — once a video gets uploaded, it stays there forever and can’t be deleted.
6.Indorse: Indorse is an alternative to Linkedin. It is a platform for professionals where people create profiles and engage with others. You can claim about the amazing things you have done — volunteered in blood donation drive, hiked the Mount Everest (really?), or won a marathon etc. People will like your achievements and you can be rewarded based on those likes. This helps to promote more reliable professional network.
Blockchain Mainnets for Social Media
While most of the social media DApps run on either Ethereum and EOS mainnets, there are some problems associated with using these mainnets. Because of the high energy cost, expensive equipment and very slow transaction per seconds speed, PoW was being criticized by many. In order to solve the issue, EOS developed DPoS algorithm, which provides faster processing of transactions than both PoW and PoS, yet DPoS has certain flaws like security, lesser decentralization etc which inspired the developers at Futurepia to develop a new consensus algorithm that solves the problem of the existing PoW, PoS, and DPoS.
After Futurepia’s mainnet is launched, it definitely will revolutionize the way DApps work. More and more developers will come out to develop dapps as the mainnet also comes with a DApp store while providing various API modules for these developers.
Check out Futurepia’s whitepaper at: https://futurepia.io/assets/img/FUTUREPIA_WhitePaper_EN_v1.1_1012_coinout.pdf
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