Bridging the Gap Between Blockchain and Social Media
21 Octubre 2021 - 6:37AM
NEWSBTC
Social media, a relatively old concept and way of connecting people
have existed since 1997. Yes, over 2 decades old. It has
continuously evolved so much that we cannot fully comprehend it any
longer! And now there’s blockchain, again over a decade-old
science, which has since taken off. We’d think that the only
connection blockchain would have is with finance and technology.
However, the reach that blockchain has is massive. That’s what The
LoveChain took advantage of unleashing. A way to bridge the gap
between regular old social media, to the decentralized future
version of it, via blockchain. Basically, social media, aka The
LoveChain, is where you are back to being the center of attention.
The attention and care that you all deserve. A place where you are
not tracked down for ad sales. What inspired The LoveChain? The
LoveChain is a digital version of the lovelocks that can be found
all over the world on bridges. It is developed as a social media
platform to record and celebrate the people and things in our life
that we love at all times of our lives. Because it is based on the
latest blockchain technology, it offers advantages in terms of
uniqueness and security that are not available on regular social
media platforms. Each user is granted their own piece of digital
real estate to call their own as a result of the blockchain’s
implementation. Free space for anyone and everyone. You have the
power in your hands. Users can produce and exchange content across
the network without the need for any centralized mediators. The
platform will include a complete rewards system powered by the LOVR
(LoveChain rewards token). In addition, the LOVR can be used
to get discounts through the online merchant store within the
LoveChain ecosystem, and users can also trade and send the LOVR
tokens to one another. The LoveChain is being built on the Algorand
blockchain. Since the blockchain is decentralized, this piece of
real estate has the potential to last indefinitely, which is why
their slogan is The LoveChain is Forever. Primary goal It’s
critical to build The LoveChain platform on a decentralized network
because it achieves the goal of providing members control over
their data. Furthermore, because privacy is becoming more of a
worry, as a result of traditional social media platforms’
indiscretions. The LoveChain will impose restrictions on the type
and number of adverts to improve the user experience and not make
them feel watched. The power of Networking embedded in The
LoveChain The power of networks is a vital success indicator
for such business models, especially for social media apps, because
they rely on the interconnection between their users. Metcalfe’s
Law, a principle that is critical to The LoveChain’s success, best
explains this interconnection. In computer networks and
telecommunications, Metcalfe’s Law is used to represent the value
of a network. According to Metcalfe’s Law, the influence of a
network is proportional to the number of nodes in the network. For
example, a network with 10 nodes has an intrinsic value of 100
(10*10) computers, servers, and/or connecting users can be end
nodes. When determining the worth of its network, the aforesaid
calculation gives social media a lot of weight. The LoveChain
recognizes the importance of Metcalfe’s Law and has devised a
strategy to boost its network footprint in order to compete with
the large social media platforms. As a result, they want to
establish a one-of-a-kind offering, a sizable network presence, the
ability to create your own NFTs from the content you post, an
eCommerce marketplace, a rewards system to go along with it all,
and a whole lot of #LOVE. For more information on The LoveChain
please visit: https://linktr.ee/lovechain
Algorand (COIN:ALGOUSD)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Algorand (COIN:ALGOUSD)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024