Development of a decentralized social network based on Ripple’s XRPL
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Answer Development of a decentralized social network based on Ripple’s XRPL
Preparations are underway to launch a decentralized social network built on the Ripple blockchain “XRP Ledger,” according to to source.
The decentralized platform, called Xchange, hopes to be a unique social network built on XRPL.
The social platform, though still under development, plans to pay users to sign up for it as it is a censorship-resistant network.
When launched, the social network would like to be an advocate for freedom of expression.
So far not much has been revealed about this social platform.
However, information about Xchange was leaked after Thomas Silkgayer, Creative Director and Partner at 2K/DENMARK, posted a thought experiment on a blockchain-powered social media platform that uses XRPL.
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When asked “Thomas” in article Whether the XRPL token can be forked and recast as a means of social communication as a distributed ledger, possibly introducing new material to support the activity of the platform.
Thomas responded that the Xchange platform is being developed and that he will release the beta version of the platform as soon as possible.
Today, there are many social platforms built on the blockchain that were created to resist censorship.
Most of these decentralized social platforms have arisen as solutions to the current situation and due to the perception that the likes of Facebook, Twitter, YouTube and even Google are centralized and monitored for users’ activities and actions must be taken to prevent users’ data from being breached privacy.
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Recently, YouTube removed some content related to cryptocurrency and later apologized for that:
YouTube deletes a group of crypto videos without warning
Therefore, several decentralized platforms have emerged as an alternative to YouTube. We have discussed some of them in this topic:
Decentralized alternatives to YouTube… Get to know some of them
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