Blockchain and Its Role in Decentralizing Social Media
Blockchain and Its Role in Decentralizing Social Media! The current social media landscape is dominated by centralized platforms such as Facebook, Twitter, and Instagram. These platforms control vast amounts of data and have full authority over content moderation, user engagement, and even monetization. However, the rise of blockchain technology is creating a shift in how we think about social media—ushering in the potential for decentralized alternatives. Centralization Issues in Social Media Centralized social media platforms operate under corporate control, meaning they decide who can access the platform, what content is allowed, and how user data is stored and managed. These platforms often come under scrutiny for issues such as: Censorship and Content Moderation Centralized entities have the power to censor or suppress specific content, often for political, economic, or social reasons. Monopolization of User Data These companies profit from user-generated data by selling it to ...