1H
-0.03%$0.0000
24H
-1.11%$0.0001
7D
-4.57%$0.0003
30D
-20.6%$0.0016
Many people have been drawn to the concept of a decentralized social network. But is decentralization the key to all the problems? In this guide, we have addressed some of the issues surrounding decentralized social networks, how they work, and provided some examples.
The blockchain technology can simply be explained as a decentralized open ledger system of adding, verifying and then recording transactions between peers in a transparent, efficient and irreversible manner.