• About Us
  • Cart
  • Checkout
  • Contact Us
  • Cookie Privacy Policy
  • Disclaimer
  • FAQ
  • Home 1
  • Home 2
  • Home 3
  • Live Prices
  • My account
  • Privacy Policy
  • Sample Page
  • Shop
  • Terms and Conditions
Newsletter
CryptoMoneyNews
Advertisement
  • Home
  • Latest News
    • Blockchain News
    • Altcoin News
    • Crypto News
    • Litecoin News
  • Ethereum News
  • Fintech
  • Regulation News
  • Ripple
  • Technology
  • Live Prices
No Result
View All Result
  • Home
  • Latest News
    • Blockchain News
    • Altcoin News
    • Crypto News
    • Litecoin News
  • Ethereum News
  • Fintech
  • Regulation News
  • Ripple
  • Technology
  • Live Prices
No Result
View All Result
CryptoMoneyNews
No Result
View All Result
Home Bitcoin News

Actual Property Mogul Has $100 Million Plan For Blockchain Primarily based Social Media Protocol

hassibullahsaifi by hassibullahsaifi
June 21, 2021
in Bitcoin News
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Billionaire and actual property mogul, Frank McCourt has lately been engaged on a brand new blockchain enterprise titled Challenge Liberty. It’s bold objective, to convey collectively the ability of the blockchain and merge it right into a social media protocol.

With a social media database like this, he believes no social media platform would be capable to management everybody’s knowledge. All customers would have entry to the blockchain and will aptly transfer information of their social connections between the apps that they wish to use, once they wish to use them.

Customers having full management over their data would promote competitors within the social media market the place platforms must supply customers a greater expertise and distinctive options. There could be totally different professional’s and con’s to every platform. None would dominate utterly as social media customers might unfold out in a wider market working on the blockchain to simply accept their earlier knowledge, and social connections serving to them get arrange sooner.

Associated Studying | The First DeFi & NFT Social Media Project, Torum Announces NFT Launchpad

McCourt is investing $100 Million into the challenge, proving simply how a lot confidence buyers have in blockchain know-how and that the functions of the blockchain on the whole are limitless in our tech pushed world.

In an article from Bloomberg on Sunday McCourt states,

I by no means thought I’d be questioning the safety of our underlying programs, particularly democracy and capitalism

We stay beneath fixed surveillance, and what’s taking place with this huge accumulation of wealth and energy within the arms of some, that’s extremely destabilizing. It threatens capitalism as a result of capitalism must have some type of equity in it as a way to survive

The equity that McCourt is searching for lies within the inherent freedom of a decentralized protocol and the foundations of blockchain know-how. Nobody entity is in command of the community and the info. Customers on this social media protocol would have entry to their knowledge placing the ability of earning profits off folks’s knowledge again within the folks’s arms.

How Challenge Liberty Works With Blockchain Expertise

The primary purpose of the challenge is to construct a Decentralized Social Networking Protocol. Very similar to how Bitcoin and cryptocurrencies are saved in a customers pockets with a singular key, on this protocol, customers social media knowledge could be saved right here on the Decentralized Social Networking Protocol. Then, customers can select to switch that knowledge to the totally different apps and platforms that they wish to use as their types of social media.

Very similar to the unique objective of Bitcoin and crypto on the whole, it will be significant that date like social media data grow to be ingrained within the blockchain as nicely. That method, it’s engrained endlessly and the folks can management their very own knowledge how they need. Realizing that it’s there, secured of their pockets, and transferable endlessly for use how they see match.

Associated Studying | Bitcoin Lightning Network Sees Storm Of Activity And Adoption

This can be a big addition to the blockchain tech world with implications available on the market which are far reaching. With a Decentralized Social Networking Protocol, new social media apps and platforms would have a method of aquiring customers with out having to undergo the already main gamers within the social media trade. Plus the most effective half, customers would at all times management their knowledge giving and taking away permission from corporations as they want.

Further Blockchain Social Media Protocol

Challenge Liberty carefully mirrors the goals of Bluesky. A challenge began by Twitter CEO Jack Dorsey that additionally goals to make use of blockchain know-how to provide customers the ability of their very own knowledge again. He particulars a lot of the targets for the challenge in this Twitter thread.

It’s clear that with large gamers within the recreation like Twitter and billionaire Frank McCourt, the wedding between social media and blockchain tech is right here to remain. Furthermore, it should nearly actually develop larger over time as extra platforms undertake the adjustments inside the market.

Characteristic Photograph by Rodion Kutsaev on Unsplash

Related articles

Close to Protocol, Algorand and PowerPool rebound whereas Bitcoin consolidates

September 8, 2021

As SEC Lawsuit Looms, Coinbase CEO Describes The Company’s Habits As “Sketchy”

September 8, 2021

Source link

Share76Tweet47

Related Posts

Close to Protocol, Algorand and PowerPool rebound whereas Bitcoin consolidates

by hassibullahsaifi
September 8, 2021
0

The broader cryptocurrency market seems to be within the early levels of a restoration with many altcoins regaining their footing...

As SEC Lawsuit Looms, Coinbase CEO Describes The Company’s Habits As “Sketchy”

by hassibullahsaifi
September 8, 2021
0

The regulatory battle with DeFi is heating up. The SEC now seemingly has it’s eyes set on arguably the biggest...

Customary Chartered Report Structurally Values Ethereum at ‘$26Ok to $35Ok’ – Bitcoin Information

by hassibullahsaifi
September 8, 2021
0

A report revealed by the British financial institution Customary Chartered signifies the corporate’s analysts are bullish concerning the crypto asset...

Elektra Group President Ricardo Salinas Hints at Inclusion of Lightning Community Funds in Mexico – Bitcoin Information

by hassibullahsaifi
September 8, 2021
0

Ricardo Salinas, president of Elektra Group, one of many greatest retail franchises in Mexico, hinted at the potential of integrating...

In the previous couple of minutes, El Salvador simply purchased 150 extra #Bitcoin They now personal 550 BTC : Bitcoin

by hassibullahsaifi
September 8, 2021
0

A group devoted to Bitcoin, the forex of the Web. Bitcoin is a distributed, worldwide, decentralized digital cash. Bitcoins are...

Load More
  • Trending
  • Comments
  • Latest

Untamed Isles, a New Zealand primarily based MMORPG will spearhead the play-to-earn style. Their motto is “Sport First, Crypto Second”. Gamers can, however is not going to be compelled to interact in wallets and are in a position to commerce freely utilizing in-game mechanics and public sale homes, with out the necessity to contain blockchain. : ethereum

August 5, 2021

Apeboard. Personally the very best tracker throughout a number of useful blockchains. : ethereum

August 30, 2021

Right here Are 5 Causes Why Solana Is Skyrocketing, In response to Crypto Dealer Lark Davis

September 8, 2021

Costs Bounce Again and Crypto Inhabitants Hits 221 Million

August 2, 2021

Mimblewimble Progress Replace Thread – August : litecoin

0

To ICO or to IDO? That’s the query

0

Tsukuyomi/tsuk

0

How To Turn into A Professional Participant In PUBG

0

Mimblewimble Progress Replace Thread – August : litecoin

September 14, 2021

Chickun run? : litecoin

September 14, 2021

Close to Protocol, Algorand and PowerPool rebound whereas Bitcoin consolidates

September 8, 2021

CoinFLEX Pronounces Its Main Milestones of 2021 – Press launch Bitcoin Information

September 8, 2021
  • About Us
  • Terms and Conditions
  • Cookie Privacy Policy
  • Privacy Policy
  • Disclaimer
  • Contact Us
Call us: +1 234 XXXXX

© 2021 CryptoMoneNews by Webservices97.

No Result
View All Result
  • Home
  • Latest News
    • Blockchain News
    • Altcoin News
    • Crypto News
    • Litecoin News
  • Ethereum News
  • Fintech
  • Regulation News
  • Ripple
  • Technology
  • Live Prices

© 2021 CryptoMoneNews by Webservices97.

  • bitcoinBitcoin (BTC) $ 29,311.00 2.35%
  • ethereumEthereum (ETH) $ 1,965.98 2.57%
  • tetherTether (USDT) $ 1.00 0%
  • usd-coinUSD Coin (USDC) $ 1.00 0.13%
  • bnbBNB (BNB) $ 307.47 1.6%
  • xrpXRP (XRP) $ 0.411146 1.91%
  • binance-usdBinance USD (BUSD) $ 1.00 0.43%
  • cardanoCardano (ADA) $ 0.527922 0.65%
  • solanaSolana (SOL) $ 49.85 2.21%
  • dogecoinDogecoin (DOGE) $ 0.084764 1.38%
  • polkadotPolkadot (DOT) $ 9.74 1.15%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 29,273.00 2.65%
  • staked-etherLido Staked Ether (STETH) $ 1,914.65 3.52%
  • avalanche-2Avalanche (AVAX) $ 29.27 3.22%
  • tronTRON (TRX) $ 0.072912 0.44%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 1.15%
  • daiDai (DAI) $ 1.00 0.16%
  • litecoinLitecoin (LTC) $ 69.24 0.47%
  • crypto-com-chainCronos (CRO) $ 0.187696 3.32%
  • leo-tokenLEO Token (LEO) $ 4.90 1.6%
  • matic-networkPolygon (MATIC) $ 0.641653 0.82%
  • nearNEAR Protocol (NEAR) $ 5.87 0.2%
  • ftx-tokenFTX Token (FTT) $ 29.90 1.76%
  • bitcoin-cashBitcoin Cash (BCH) $ 192.27 0.04%
  • chainlinkChainlink (LINK) $ 6.96 2.09%
  • cosmosCosmos Hub (ATOM) $ 10.93 8.41%
  • moneroMonero (XMR) $ 176.46 1.25%
  • stellarStellar (XLM) $ 0.128150 0.98%
  • okbOKB (OKB) $ 12.17 0.07%
  • algorandAlgorand (ALGO) $ 0.427571 2.56%
  • flowFlow (FLOW) $ 2.78 2.85%
  • ethereum-classicEthereum Classic (ETC) $ 20.23 2.21%
  • uniswapUniswap (UNI) $ 5.17 3.01%
  • apecoinApeCoin (APE) $ 7.79 1.52%
  • hedera-hashgraphHedera (HBAR) $ 0.100386 0.52%
  • elrond-erd-2Elrond (EGLD) $ 90.74 1.3%
  • vechainVeChain (VET) $ 0.030317 1.71%
  • theta-fuelTheta Fuel (TFUEL) $ 0.063096 4.67%
  • magic-internet-moneyMagic Internet Money (MIM) $ 0.997975 0.08%
  • internet-computerInternet Computer (ICP) $ 7.89 0.47%
  • filecoinFilecoin (FIL) $ 7.96 1.14%
  • axie-infinityAxie Infinity (AXS) $ 20.65 2.11%
  • decentralandDecentraland (MANA) $ 1.08 1.39%
  • the-sandboxThe Sandbox (SAND) $ 1.30 0.93%
  • compound-ethercETH (CETH) $ 39.58 3.49%
  • tezosTezos (XTZ) $ 1.78 2.58%
  • chain-2Chain (XCN) $ 0.091545 0.97%
  • kucoin-sharesKuCoin Token (KCS) $ 15.69 0.05%
  • fraxFrax (FRAX) $ 1.00 0.19%
  • pancakeswap-tokenPancakeSwap (CAKE) $ 4.50 1.7%
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?