3 June 2019 | AtoZ Markets - The blockchain company Block.one at an event in Washington, D.C has introduced its new project called Voice. According to the Block.one official, EOS based social media Voice will stand out from other social media platforms by not turning its users into products. Will Block One social media Voice gain users’ attention and will it survive the competition with its much famous rivals?
Block One social media Voice is on beta testing now
In the press release, the company’s CEO Brendan Blumer said, that content, data, and attention are incredibly valuable things. He pointed out on the fact, that right now, the social media platform, not the user, that reaps the reward.
Blumer outlined, that the social media platforms remain active because they sell their users information to advertisers. Block.one CEO claimed that Block One social media Voice changes that.
According to the press release, the new Block.one social media platform will run on the EOS blockchain, which means, that everything posted to EOS will be public. Notable, that the EOS blockchain is also upgrading to a faster Version 2.0.
It worth to mention, that in contrast to its rivals from Block.one, the social media giant Facebook decided to move in the opposite direction. Earlier this year, Facebook CEO Mark Zuckerberg outlined a “privacy-focused vision for social networking.
EOS Based Social Media Voice manifesto against social media
During an aforementioned event in Washington, D.C Block.one CEO Brendan Blumer told to the audience, that “our attention has been captured” and “social media has not been a good friend to us.”
He stated that EOS based social media Voice would not let algorithms decide what dominates and “everyone, would have an equal shot to be heard.”
Blumer announced that everyone in the social media network, including the user, the platform by itself and the contributor “will play by the same rules.“
The Block.one CEO also promised that EOS based social media will do a better job in protection from bots and trolls than previous social networks. However, he did not mention how Block One social media Voice will do so.
The Block.one CTO Dan Larimer later came on stage to announce a new token, the Voice token. He said, that EOS account will be given to everyone who signs up for Voice.
Larimer also showed how EOS based social media Voice users could stake Voice tokens to move to the top of a chain of comments. If someone else raises their Voice tokens above them, the first user would get their tokens back plus some extra Voice tokens.
According to the company’s CTO, the additional pressure on the EOS blockchain should be partially offset by new software dubbed as EOSVM. Dan Larimer explained that EOSVM as a WebAssembly engine designed specifically for blockchain would run 12-times faster than the original EOSIO software.
Will Block One social media Voice survive?
Notable, that most of the social media-related blockchain projects have been pursued by an unpleasant fate.
For example, in 2016 shut down Tsu, a social network that promised to share its earnings with its users. The project claimed to have 5.2 million users when the service ended.
Steemit, the Medium-like social network built on top of the Steem blockchain was the only major dapp blockchain where social media was the dominant use case, with 93 percent of users touching its social dapps. A recent estimate from May put the active users in that month at just 75,644.
Other crypto social networks have come along since, such as Coil (which uses XRP) and Cent (which uses ETH).
The experts estimated that Steem had over 386,000 active users for the year, while EOS had slightly over 171,000 active users in 2018, with 67 percent using its betting products. However, it’s worth noting that EOS only had six months to build up a user base.
About Block One in a brief
Block.one is a software company specializing in high-performance blockchain technologies. The company was founded in 2016 with headquarters based in Hong Kong. Block.one creates platforms and tools that enable the building of blockchain supported and decentralized businesses, applications, and collectives.
Its first project, EOSIO a free, open-source protocol was introduced in 2017 and launched in June 2018. According to the project description, EOSIO software enables secure data transfer and high-performance decentralized applications. The software provides accounts, authentication, databases, and the scheduling of applications across multiple CPU cores and/or clusters.
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