Friday, December 4, 2020
coincasso bitcoin exchange banner
Home News Blockchain News Twitter decentralization - high flying project

Twitter decentralization – high flying project

Blockchain and tools based on it slowly penetrate into every area of ​​life – it is used, among others, in the transport of goods, computer games and the clothing industry. Market giants also recognize its potential – Microsoft is in the final stages of creating a tokenization platform. Will the next step be decentralization of social media?

“Chirping” revolution

Twitter director Jack Dorsey is – according to Guardian – the second most influential man in the world. This is not surprising – in the end, he holds the highest position in one of the most opinion-forming Internet medium. However, being second did not seem to please him, because Dorsey is doing everything to become the leader of the blockchain revolution in social media.
In his post on Twitter, Jack announced the creation of an independent team of five. Blue Sky – because it has such a name – is to consist of architects, engineers and designers whose task is to decentralize Twitter.

Blockchain-based social media?

Dorsey’s idea is brave and modern, but is it likely to succeed? So far, no one has been officially employed at Blue Sky – but it is only a matter of time. The project will certainly be difficult to implement and very time-consuming, but it can be a huge breakthrough.
Security issues are one of the key aspects. After the recent scandal involving Facebook data leakage, the level of social trust in social media has dropped significantly. Creating a standard based on an unbreakable and overwritten blockchain can greatly affect the future of the internet.

What are the benefits of standardization?

Standardization – in this case, ordering databases – primarily ensures greater security of user data. If Twitter introduces the standard developed by Blue Sky at home, it will automatically force other giants from the social media market to do the same. Thanks to this, users of the portals will be able to sleep peacefully, because blockchain will ensure the security of their data.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Sidebar Widget
USD
EUR
PLN
RUB
bitcoinBitcoin (BTC)
$ 19,002.76
ethereumEthereum (ETH)
$ 590.74
tetherTether (USDT)
$ 1.00
rippleXRP (XRP)
$ 0.597389
bitcoin-cashBitcoin Cash (BCH)
$ 288.68
litecoinLitecoin (LTC)
$ 84.85
tronTRON (TRX)
$ 0.030679
moneroMonero (XMR)
$ 131.29
dashDash (DASH)
$ 104.48
eosEOS (EOS)
$ 3.00
dogecoinDogecoin (DOGE)
$ 0.003331
bitcoinBitcoin (BTC)
15.712,15
ethereumEthereum (ETH)
488,44
tetherTether (USDT)
0,826835
rippleXRP (XRP)
0,493942
bitcoin-cashBitcoin Cash (BCH)
238,69
litecoinLitecoin (LTC)
70,16
tronTRON (TRX)
0,025366
moneroMonero (XMR)
108,56
dashDash (DASH)
86,39
eosEOS (EOS)
2,48
dogecoinDogecoin (DOGE)
0,002754
bitcoinBitcoin (BTC)
70,527.79
ethereumEthereum (ETH)
2,192.50
tetherTether (USDT)
3.71
rippleXRP (XRP)
2.22
bitcoin-cashBitcoin Cash (BCH)
1,071.42
litecoinLitecoin (LTC)
314.92
tronTRON (TRX)
0.113864
moneroMonero (XMR)
487.28
dashDash (DASH)
387.77
eosEOS (EOS)
11.13
dogecoinDogecoin (DOGE)
0.012363
bitcoinBitcoin (BTC)
1,427,366.66
ethereumEthereum (ETH)
44,372.64
tetherTether (USDT)
75.11
rippleXRP (XRP)
44.87
bitcoin-cashBitcoin Cash (BCH)
21,683.81
litecoinLitecoin (LTC)
6,373.39
tronTRON (TRX)
2.30
moneroMonero (XMR)
9,861.67
dashDash (DASH)
7,847.87
eosEOS (EOS)
225.34
dogecoinDogecoin (DOGE)
0.250204
Sidebar Post
coincasso bitcoin exchange banner

Latest News

CBDC becoming more and more popular

More and more countries are planning and developing the emission of their own crypto. Lithuania announces the launch of its CBDC in July, while...

Bitcoin versus gold, what is a better investment?

Since the global COVID-19 pandemic, people have been looking for an alternative to keeping their savings in their domestic currencies. Some of them choose...

The Medical University of California forced to pay the ransom

Hackers hacked into Medical University computers and demanded a ransom for unlocking the data. After not very fruitful negotiations, the hackers received 116.4 BTC. A...

Blockchain e-voting system was attacked

Bitfury working for the Russian government was attacked at the weekend. Are innovative solutions safe? Problems in the Russian voting system  The Russian system of voting...

Crypto-powered online game tournaments are the future of this market

The Counter-Strike stars will soon be taking part in a cryptographic tournament, while fans will be able to bet on the score with VRA...