Social media have become an integral part of our routine lives, but privacy and data ownership is the most difficult. Blockchain based social networks distribute control across multiple nodes in the network. Blockchain technology is changing the game for social media, allowing developers to build platforms that focus on user privacy and decentralization.
Roughly over 4.41 billion users will be engaging with Social media networks by 2025. However, there is a very inherent problem with social media networks: they are centralized. They use centralized servers to store the information provided by users.
Blockchain social networks are decentralized platforms that utilize blockchain technology to oversee user interactions, content creation, and data management. Lets take a look at the ten best blockchain-based social media platforms.
Blockchain Social Media Platforms
Decentralized social media platforms that operate without a central authority or single controlling entity. Here, we are talking about the prominent blockchain social media platforms:
Minds
Minds is a free and open social media platform built on blockchain. Moreover, the platform is fully open-source, offering users heightened flexibility. The platform combines social networking features with blockchain technology. Minds stands out as a platform that prioritizes you.
By 2020, Minds reached 2.5 million registered users. The platform provides all of the now-popular features of applications such as Facebook, YouTube, Twitter, and more.
Diamond App
Diamond App is a decentralized social media platform built on the DeSo blockchain technology. This decentralized social network empowers you to control your online presence. Diamond allows users to manage their interactions, posts, and data without central control.
Steemit
Steemit, started in 2016 by Ned Scott and Daniel Larimer, is a leading social media platform on blockchain. In terms of functionality, the platform has elements similar to Facebook and Reddit. This new social networking works by allowing users to earn cryptocurrency to create and share content.
Audius
This decentralized social media platform is designed for creators and music lovers. It’s a decentralized music streaming platform. Users earn cryptocurrency through engagement, whether they are sharing music. Audius has built a vibrant community where creators are rewarded directly.
Mastodon
Mastodon is a standout among blockchain social media platforms, has gained popularity as an alternative to Twitter. Mastodon is free to use and relies on public donations through Stripe and Patreon.
Conclusion
Blockchain social media, with its decentralized and distributed networks, offers a plausible solution to such issues. Decentralized social networks focus on privacy, decentralization, and giving power to users.
