Top Decentralized Social Media Apps – NFT News Today
Based on three significant premises, namely, ownership of personal data, control over user-generated content and prevention of censorship, decentralized social apps allow us to share ideas and connect with others in brand new ways.
The social blockchain that is paving the way
The two leading blockchains that social media apps run on are Hive and Steem. They were specifically designed to empower communities with built-in incentive mechanisms for content publishing, curation and voting. Most of these apps reward community contributors who receive the most upvotes. This is why they are commonly associated with terms like “upvote economy” and “tokenized attention”.
Steem was the first network to reward content creators and curators for their contributions. Hive emerged as a fork of Steam, so the two networks essentially run on the same foundation and have many things in common.
Both blockchains use a delegated proof of stake consensus model, where delegates are called “witnesses” who earn 10% of newly created tokens for adding blocks to the chain. This consensus system enables free and fast transactions in less than three seconds. Consequently, they are a prerequisite for scalable, effective social media applications
Top Steam-Based Decentralized Social Apps
Steemit
Steemit is one of the top decentralized social apps by number of unique wallet addresses interacting with an app’s smart contract, according to data from DappRadar.
It is a social network where community members post and curate and earn rewards by upvoting a post before it becomes popular. It is also possible to earn more coins through vesting. Rewards are awarded in STEEM currency. New tokens are created every day and a certain number of tokens are added to the reward pool.
dtube
DTube is a decentralized video sharing platform. It’s like YouTube, but on DTube, content creators don’t have to rely on advertisers. In return, contributors earn DTube Coin.
Rewards can be earned by uploading a new original video, sharing a video from the web, and voting, tagging, and commenting on videos
It is already a popular platform with a new video shared every three minutes It has 189K registered creators and curators. The platform pays 90% of the total revenue to DTubers.
Other notable Steam-powered social media apps include Huain, a Chinese platform that rewards communities for sharing a lifestyle, and Vim, a live streaming platform.
Hive-based decentralized social app
Picd
The most popular social media app running on Hive is PeakD. As expected from a decentralized app, your posts and comments are private only to you via cryptographic keys. No one can interfere or change them, including PeakD.
A unique feature of this app is the ability to create communities where you can connect with people with common interests and passions and share your own content. You can own the community. A list of all PKD communities can be found here.
Ecency is another decentralized social network built on the Hive blockchain that brings the benefits of content ownership and uncensored content. Content creators are rewarded with HIVE, HIVE Dollars, and HIVE POWER cryptocurrencies
Leo Finance
Leo Finance is a decentralized social app with a focus on investment. It is a tokenized blogging tool exclusively for creating content about cryptocurrency and finance.
Content creators earn LEO coins for publishing original content on the platform. They can also get LEO if they get upvoted. Another way to earn is to split LEO COINS into LEO POWER Proceeds are split 50%-50% between creator and curator.
Hive Blog is another decentralized blogging tool. It is similar to Steemit; Users can post, comment, upvote and earn incentives for these contributions.
The Hive ecosystem is rich in social blogging applications. There is also dBlog which offers free templates to allow anyone to create their own website. Another decentralized blogging tool is TravelFeed which mainly focuses on travel content.
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