The Top 7 Blockchain-Based Social Networks

Social media has transformed the way we interact online. But, they also face challenges such as data privacy, centralization of power and the lack of rewards for active users.

However, a new wave of social networks based on social networks is emerging, social networks based on The blockchain. They offer innovative solutions to these problems and allow users to earn money by actively participating in these platforms.

Blockchain-based social networks exploit the advantages of decentralization, transparency and security offered by this revolutionary technology. They offer users increased control over their personal data, a reward for their active commitment and a new way to earn money through their participation.

In this article, we'll explore some of the most promising blockchain-based social networks in detail, with a focus on how they provide a seamless and lucrative user experience.

We will also discover how users can take advantage of these platforms and monetize their online activity.

🌽Steemit

Steemit is one of the most well-known and innovative blockchain-based social networks. It is based on the Steem blockchain technology.

One of the unique aspects of Steemit is its rewards system. Users can earn money by creating and sharing quality content. The appreciation of the content is done by through votes and comments other members of the community.

Upvotes increase the visibility and value of content. Which translates into financial rewards for its creator.

The reward on Steemit is distributed in the form of Steem Dollars (SBD) and Steem Power (SP). Steem Dollars can be converted into cryptocurrencies such as Bitcoin or Ethereum. However, Steem Power is a form of reward that gives the user influence increased on the network.

The more Steem Power a user has, the more powerful their vote and the greater their impact on reward distribution.

Steemit's rewards system aims to encourage users to create quality content, interact constructively and to support other members of the community.

Steemit has also set up a community governance system. Community members can participate in decision-making regarding network changes and improvements.

🌽Minds

This decentralized platform offers users the ability to post content, interact with other members, and earn tokens. One of the main advantages of Minds is his transparent business model.

Unlike many traditional social networks, which monetize user data, Minds gives users the opportunity to earn tokens called “Minds Tokens” (ETH) based on the activity generated by their posts. This includes likes, comments, shares, and views.

Minds offers the ability to convert Minds Tokens into Ethereum, providing real monetary value to these rewards.

It stands out for its commitment to confidentiality and freedom of expression. The platform uses a reverse censorship model.

Which means users have the power to report and moderate inappropriate content. This ensures greater transparency and community participation in the moderation process.

🌽LBRY

LBRY allows users to upload, publish and share various types of content such as videos, music, e-books and more.

One of the main advantages of LBRY is its decentralized nature. Unlike centralized streaming platforms, LBRY uses blockchain technology to store and distribute content.

This means that files are shared directly between users without going through central servers. This decentralized approach eliminates intermediaries and allows a increased control over content and distribution.

Another key aspect of LBRY is its fair compensation model. Content creators can choose to monetize their content by setting a prize in LBRY Credits (LBC), the platform's native cryptocurrency.

Users can then purchase or rent this content using LBCs. Revenue generated goes directly to content creators. This allows them to benefit from more direct and equitable compensation compared to traditional compensation models.

In addition to the ability to sell or rent content, LBRY also offers a tipping system where users can support creators they like by sending them LBCs.

This creates a more direct relationship between creators and their audience, providing additional incentive to produce quality content.

🌽Indorse

Indorse is a social network based on the Ethereum blockchain that focuses on validating user skills. Unlike other social networks, Indorse emphasizes quality skills rather than general content.

Users can create a verified professional profile by posting their skills and getting validations from peers.

Once a skill is validated by other members, it is recorded on the blockchain. What guarantees authenticity and reliability information provided.

Validating skills on Indorse offers significant benefits. First, it allows users to showcase their skills in a transparent and verifiable way.

Recruiters and employers can have confidence in the skills displayed by Indorse users, which can lead to exciting career opportunities.

🌽Akasha

Akasha allows users to express themselves freely, post original content, and connect with other like-minded members. One of its aspects is its decentralized nature.

Akasha offers blockchain-based rewards features. Users can support content creators by awarding “karma dots” to their publications. These reputation points reflect users' appreciation and engagement with the content.

Content creators who receive high reputation points can be rewarded with AKASHA tokens, the platform's native cryptocurrency.

In addition to rewards, Akasha encourages collaboration between users. Members can form communities around specific topics and contribute to common projects. This promotes the exchange of ideas, cooperation and the creation of quality content.

🌽Synereo

Synereo is a blockchain-based social content platform that aims to provide a decentralized content sharing experience, where users have full control of their content and are rewarded for their contribution to the community.

One of the main objectives of Synereo is to allow users to monetize their content in a direct and fair way. The platform uses its own cryptocurrency called AMP (Synereo AMP) to enable transactions between content creators and users.

Creators can set a price for their content or request AMP donations. Users on the other hand can buy and consume this content using AMP.

Thanks to blockchain technology, Synereo offers a total transparence in transactions and rewards. Content creators are compensated based on the engagement generated by their content, measured by metrics such as likes, shares and comments.

Users who interact with content can also be rewarded with AMP. This encourages commitment and active participation.

🌽Peepeth

Peepeth stands out for its decentralized approach and the immutable nature of its messages. Unlike traditional social networks where posts can be edited or deleted, posts posted on Peepeth are permanently saved on the blockchain, ensuring their integrity and transparency.

The main goal of Peepeth is to create a platform where users can share short and meaningful messages called “peeps".

Each peep is limited to 560 characters, encouraging users to express themselves concisely and with impact. The peeps may contain text, links and even images.

Another interesting aspect of Peepeth is the promotion of positive and constructive behaviors. Users are encouraged to abide by a code of conduct that advocates kindness, respect and empathy.

Community members can assign “hearts” to peeps they like, which drives positive engagement and highlights quality posts.

Using the Ethereum blockchain, Peepeth also rewards users for their activity on the platform. Users can earn “badges” for specific achievements, such as regularly posting peeps or getting hearts. These badges symbolize the contribution and commitment of users to the community.

It should be noted that Peepeth runs on the Ethereum blockchain. Which means that using the platform requires ETH cryptocurrency transaction fees. It may limit accessibility for certain users.

🌽 Conclusion

Blockchain-based social networks have opened up exciting new possibilities for users by providing a more transparent, secure and profitable. Indorse is a platform that emphasizes skill validation and offers users the opportunity to earn rewards by sharing their knowledge.

Steemit introduced the concept of rewards based on quality content and created an active community where users can earn cryptocurrencies for their contribution. Minds focuses on privacy and offers rewards based on user engagement.

LBRY allows content creators to monetize their works and offers a decentralized alternative to traditional content distribution.

Akasha offers a decentralized social media platform where users can share ideas and content in a transparent and secure environment. Synereo focuses on remunerating content creators through its advertising-based business model.

FAQ

What is a blockchain-based social network?

It is a social network whose operation is based on blockchain technology. Concretely, all data and interactions between users are stored and secured on a decentralized blockchain, instead of central servers as is the case for Facebook, for example.

What are the advantages of a decentralized social network?

The main advantages are:

• Lack of centralized control or censorship of content
• Better protection of personal data
• Transparency of network operation
• Remuneration of users for their contribution

What are the 7 most popular blockchain social networks?

The 7 most promising blockchain social networks currently are:

1. Steamit – Blogging platform and social network
2. Minds – Open source social network with integrated cryptocurrency
3. Obsidian – Decentralized encrypted messaging
4. Indorse – Professional network based on reputation
5. Synereo – Social network and decentralized content platform
6. DNN – Ad-free community social network
7. Sapien- Blog and content platform rewarding creators

Do these projects already have a large user base?

For now, most of these networks difficult to surpass the million active users. Only Steemit stands out with nearly 1,3 million accounts created to date. But the space is booming and some projects could take off quickly.

What are the challenges to overcome?

The challenges are numerous: complicating the user experience, ensuring security, finding a viable economic model in the long term... The challenge is to succeed in combining decentralization and ease of use to win over the general public.

Will blockchain replace traditional social networks?

Difficult to say but the example of Steemit proves that there is a demand for non-centralized social networks. It remains to transform the test and offer simple services capable of bringing people together on a massive scale. To be continued !