Eos (EOS) guardian firm Block.one has introduced a blockchain-based social media platform known as Voice, in response to a press launch shared with Cointelegraph on June 1.
The agency claims that the platform will use the Eos blockchain to offer transparency on the way it operates, with out hidden algorithms or content-pushing mechanisms of which the consumer is unaware.
In the press launch, the CEO of Block.one, Brendan Blumer, in contrast Voice with conventional social media platforms, saying:
“The fact is, present social media platforms are designed to make use of their customers. Just take a look at the enterprise mannequin. Our content material. Our information. Our consideration. These are all extremely worthwhile issues. But proper now, it’s the platform, not the consumer, that reaps the reward.”
As per the report, Block.one just lately joined the Coinbase Earn program, an academic providing by main crypto platform Coinbase. The program lets customers take programs on a specific crypto in change for a small cost within the coin they’re studying about.
As beforehand reported by Cointelegraph, Eos just lately partnered with Tether to place Tether’s USD-pegged stablecoin USDT on the Eos blockchain. The delegated proof-of-stake design for Tether EOS reportedly makes it a great match for peer-to-peer microtransactions.
According to a latest examine by Diar, social media large Facebook’s personal payments-focused cryptocurrency, Globalcoin, will face demographic challenges, because the platform’s consumer base is ageing.