Blockchain-Based Social Media Platforms: A Comprehensive Guide

Virtual reality is a modern reality and that is where most of us live. The number of social media users is rising every day, which illustrates the popularity of such sites. Today, these sites have become a reality, but the reality is that they have exposed our privacy and data to many people who are trying to hack into our personal lives. This has contributed to increased data breach incidents. Will there be a solution to this, though? Ok, Blockchain's reaction lies. While we don't assert that the panacea is Blockchain, we can definitely conclude that Blockchain has the potential to have a different effect on the industry. For social media forums, it has some features that can prove beneficial. The job is, in fact, to build a social media network based on blockchain. Let's address this in advance.

Social networking network focused on blockchain: Why did the need arise?

The first question that arises is why such a forum is necessary? We would like to highlight the fact here that we share a lot of personal information online, considering our increasing reliance on social media platforms. This makes our information vulnerable, so it's easy for hackers to attack the data. So, it's necessary to have a much better and safer forum. And here comes Blockchain Technology's position. This is a DLT platform which cryptographically encrypts all data and information. This guarantees that the information stays safe and secure and free of data threats.

For this reason, businesses like Facebook are investigating how they can use Blockchain technology to their advantage.

What is a Social Media Blockchain?

It is a decentralized network, in simple words, based on blockchain technology. For each information exchange, it provides end-to-end encryption. It also provides such features as

1. Rewarding the customer with

2. Crowdfunding activities

3. Transactions on in-platform

So here we bring you some of the famous social media channels based on blockchain:

IOTA Society2: It's a new IOTA-based social media site. This platform provides greater data control and improves protection. In addition, by watching advertising, the user can also receive IOTA tokens, and developers can use this platform to create apps.

Voice on EOS: It is a modern, Blockchain-based social networking network that enables content creators to distribute crypto rewards while focusing on transparency. The goal of this platform is to prevent false news, dishonest ads and bots.

Reddit Ethereum points out: Reddit already has a compensation scheme called karma based on a blockchain. Reddit has revealed a reward scheme based on Ethereum. This will assist with the user's direct delivery of the cryptocurrency.

The brief info we want to share here is that only Hive is open to the general public, while the Voice platform is being tested by Beta users. So, we have to wait for the release of more of those platforms.

Conclusion: Blockchain is the future, making it simpler for users to use this network for quicker transmission of information and data. We will be seeing some further applications of Blockchain technology in the times ahead. If you are ready to become a Blockchain expert, then now is the best time for the Blockchain Council to register for a Blockchain certification program.