Decentralization of Social Networks
The need to introduce blockchain arose after a major scandal in March 2018, when the media learned that Facebook had been selling access to confidential information of more than 50 million users for several years. The data leak occurred due to an application with a psychological test that requested access to data from survey participants.
Millions of users around the world were outraged and offered to implement the blockchain as a guarantor of the integrity of information within one company. “At its least, blockchain technology would enable corporations to add a level of unmodifiable transparency to data tracking. At its best, it would give entities power over who accesses their sensitive information.
Thanks to the introduction of blockchain, social networks will become decentralized. While Facebook is making timid attempts to interact with digital money transfers, many blockchain-powered social networks, portals, and websites are being built and trialing the tech.
The Main Trend Is Incentivized Social Networks
The most famous decentralized platform, Markethive describes itself as the first social network based on the Ethereum blockchain, a platform through which you can reward publishers, monetize content, and expand the community. While most social media sites extract this value for the benefit of their shareholders, Markethive believes that the users of the platform should receive the benefits and rewards for their attention and the contributions they make to the platform. As part of the Markethive operation, each user will be assigned MHV tokens that can be traded on the market. According to the project’s concept, people will buy or sell MHV tokens, or just keep them waiting for an increase of various services available on the platform.
Markethive– Free Members get 500 MHV Coins for FREE.
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MarketHive is a social marketing platform for entrepreneurs that has the combined power of Facebook, LinkedIn, Marketo and Amazon. Markethive is a System worth well over $2,000 per month, however, you get everything 100% FREE.
Registration will immediately give you 500 MHV coins that are now listed on a public coin exchange. Easily qualify to turn the entire powerful system into an advanced faucet that has been labeled as a first in delivering a universal income for entrepreneurs.
Markethive has a Micro Payment reward system where you can earn income by simply using the tools of the system. Earn Crypto for Publishing and for Reading or Watching quality stuff! ... When signing up in Markethive you will receive 500 MHV Coins
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