Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
EOS-based new ‘Voice’ social media platform by Block.One aims to give users a transparent platform to share their data and information while having complete control over it.
The developer of the popular EOSIO blockchain network – Block.One – announced that it would soon launch its social media platform dubbed Voice on the EOS blockchain network. The announcement comes during the first-anniversary event for EOS held in Washington D.C on Saturday, June 1.
Data privacy has been a key issue for tech companies to address and everyone is looking at blockchain with hope. Even, social media giant Facebook is planning to introduce blockchain tech to its platform. Besides, introducing blockchain is likely to give users a better control over their data and privacy.
While announcing the “Voice” social media platform, Block.One CEO Brendan Blumer spoke on this matter saying:
“Our content, Our data, Our attention. These are all incredibly valuable things. But right now, it’s the platform, not the user, that reaps the reward. By design, they run by auctioning our information to advertisers, pocketing the profit, and flooding our feeds with hidden agendas dictated by the highest bidder. Voice changes that.”
The Voice platform will run on the EOS blockchain network which is soon upgrading to a faster Version 2.0. Since Voice is using the public EOS blockchain, everything available on it will be open to the public. However, Block.One notes that it would allow for better transparency which will supposedly be the “core part” of user experience (UI) on Voice.
Voice: A Transparent Social Media Platform
During the announcement, Bummer said that the existing social media platforms benefit from their users. The Voice platform, however, plans to change the dynamics of the game by giving users more control over their data and benefit solely from their content.
On its official website, Block.One states:
“Voice will cultivate creation, sharing, discovery and promotion of content on social media platforms by real users, not bots and fake accounts. Through a truly self-sustaining economy of ideas, users will directly benefit from their ideas and engagement on the platform.”
Besides, the Voice platform will treat all participants fairly giving them equal and same opportunities. “Everyone –the user, the contributor, the platform –plays by the same rules. No hidden algorithms, no invisible interests,” says Block.One.
The EOS blockchain network is making faster inroads and is turning out to be a thriving DApp ecosystem. According to DappRadar, 5 out of 8 DApps are running on the EOS platform. Besides, EOS currently contributes around 50% of the “blockchain activity”. Thus, the management at Block.One believes that they’re better positioned to lead the blockchain-based social media revolution.
Coinbase Announces EOS Rewards for Its Earn Program
Popular crypto exchange Coinbase announced that users can earn EOS tokens by watching videos on its crypto learning Coinbase Earn platform. Former Coinbase CTO Balaji Srinivasan noted that the process of acquiring crypto has shifted from mining, to purchasing, and now by earning digital assets. He noted:
“We think a large number of people will obtain crypto not by buying it or mining, but by earning it…Unlike mining or buying, there isn’t a technical barrier of financial barrier that you should be able to earn if you’re a human.”
The lessons on the Coinbase Earn platform include an introduction to the EOSIO blockchain protocol, the advantages of developing a EOSIO blockchain network, and a tutorial on Delegated Proof of Stake [DPoS]. The primary motive of this platform is to increase awareness among retail customers about the complexities and protocols of the blockchain ecosystem. Coinbase has recently expanded its Earn program to over 103 countries.
The recent developments coming from Block.One will be a major booster for the EOSIO blockchain platform.