Social Media Decentralization will Make Social Media Apps Go Nuts! ????

We all use social media primarily for fun and socializing with friends. Some also use it to gain knowledge on technical or non-technical subjects. And we all know that all the major social media platforms, like Twitter, LinkedIn, Instagram, and Facebook, are controlled by a tech business, and all the activities of a particular user are being monitored.

The content is centrally controlled by a few tech giants in the market, and they have ownership of the content uploaded. Though they have a content censor policy and algorithms to encrypt end-to-end data, the only drawback is that the user's personal data are saved on their servers. These personal data are at risk and have security issues that may be misused by governments or businesses for their unique benefits.

Whats & Hows of Social Media Decentralization

With the advent of Internet we all were excited and impressed with the ease it had brought along. Later we were all bombarded with the social media platforms, that came in with restrictions to our free will and controlled what we shared over the internet. Due to the centralized nature of our present social media platforms by major corporates.?

Currently, all the content on social media networks is monetized by business owners of the particular platform. The original content uploaded by the user is monitored and used by others for their profits. There is no control on the intellectual property of the original content creator.

The centralized approach is destructive to the welfare of an open and free society. And this brings us to the creation of a decentralized system of network, where the ownership is given to the account user.

The decentralized social media networks would enhance free speech and personal growth. Hence, the networks created are linked by a rewards system that merits directly to the user. Thanks to blockchain technology that is here to rescue from the centralized social media regime.

Now, the question is 'how to build a social media app using blockchain technology?'. The answer to this is the distributed ledger technology in Blockchain, which is applied to create a decentralized social media network on traditional servers.?

Decentralized social media networks can harness the powers of Blockchain technology to create a free social media network with independent servers.?

These types of networks are free of all kinds of ownership by any business. Examples of such decentralized social media platforms built on blockchain technology include:

• Streemit
• Hive
• Mastodon Minds
• Diaspora

Let’s understand the working of decentralized social networks with the example of Minds. Decentralized social media network Mind is created using independent servers owned by individuals or independent communities. A point based reward system gives incentives to content creators for creating content. Here the creator has a complete control over his data nad privacy is maintained.?

Now let's head on to learning the revenues and benefits of a decentralized network.

Benefits and Revenue Of Decentralization Social Media

Now with the Web3 internet standards, that have paved the way for a decentralized social media network against conventional social networks. These internet protocols will bring about a remarkable change in how the social media operates. Let us now count its benefits:

• Decentralized peer-to-peer networks - Blockchain makes it easier to create decentralized peer-to-peer networks, allowing a free flow of information and easy communication.
• Tamper-proof architecture - The data is distributed to all nodes in the blockchain network, making the entire architecture tamper-proof. The data entered in the ledger is immutable and cannot be censored.
• IPFS security - IPFS (Inter Planetary File System) guarantees data privacy and secure storage. The content here is even free of any censorship.
• Crypto payments - The decentralized social media networks facilitate crypto exchanges between users, giving them financial benefits.?

Web3 features allows to take advantage of blockchain technology. Without human interference, the decentralized network creates more transparency in financial transactions.?

The revenue generated in decentralized social media networks is purely content based. There are no advertisements entertained to generate revenues.?

The decentralized social networks offer the content creators cryptocurrency and NFTs to provide monetary benefits. The content creators can sell off their original content in digital money and earn revenues regularly.?

The NFT or Non-fungible Tokens are a form of crypto token that the users can pay to gain access to particular features and make in-app purchases. These monetary tokens are given directly to the content creators. Moreover, these crypto tokens can be used to reward the content creator for their exceptional work.

Conclusion

Decentralized social media networks use the features like consensus mechanisms and confidentiality through transparency. In the consensus mechanism, the decentralized networks create digital fingerprints for the content created, hence securing the originality of the content. The contents are hashtagged and proofed by the users for credibility and verification of each range.

Creating confidentially through transparency enables users of blockchain social media networks to decide how their content and data are used. The content owners can either give permission or prohibit the use of their data and even choose how to sell their data. Smart contracts powered by consensus mechanisms and decentralized format ensure the data's authenticity and reliability.

The article explains you entirely about the decentralization of social media platforms. If you are looking for a reliable partner for your have app, web or software development requirements, reach out to the experts at Excellent Webworld . We would be more than happy to assist you.