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 is emerging, blockchain-based social networks. 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 make money from their participation. Before listing these social networks, start by make money testing websites.

Steemit

Steemit is one of the most popular and innovative blockchain-based social networks. It is built 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. Content appreciation is done through through votes and comments other members of the community.

Upvotes increase the visibility and value of a 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 the distribution of rewards.

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 implemented a community governance system. Community members can participate in decision-making regarding network changes and improvements.

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Minds

This decentralized platform offers users the ability to publish content, interact with other members, and earn tokens. One of the main advantages of Minds is its 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 to Ethereum, providing real monetary value to these rewards. It stands out for its commitment to privacy 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 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 buy or rent this content using LBC. The revenue generated is paid directly to the content creators. This allows them to benefit from more direct and equitable remuneration compared to traditional remuneration 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 an additional incentive to produce quality content.

Indorse

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

Users can create a verified professional profile by displaying their skills and getting peer validations. Once a skill is validated by other members, it is recorded on the blockchain. This ensures authenticity and reliability information provided.

Skill validation on Indorse offers significant benefits. First, it allows users to showcase their skills in a transparent and verifiable way. Recruiters and employers can trust the skills displayed by Indorse users, which can lead to valuable 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 posts. These reputation points reflect users' appreciation and engagement with the content.

Content creators who receive high reputation points can be rewarded in AKASHA tokens, the platform's native cryptocurrency. In addition to the 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 over their content and are rewarded for their contribution to the community. One of Synereo's main goals is to allow users to monetize their content directly and fairly. 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 in AMP. Which encourages engagement 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 in a concise and impactful manner. 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 earning hearts. These badges symbolize users' contribution and commitment to the community.

It is worth noting that Peepeth runs on the Ethereum blockchain. Which means that using the platform requires a transaction fee in ETH cryptocurrency. This can 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 focuses on skill validation and offers users the opportunity to earn rewards by sharing their knowledge.

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Steemit introduced the concept of rewards based on quality content and created an active community where users can earn cryptocurrencies for their contributions. 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. In concrete terms, 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. Steemit - 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 - Decentralized social network and 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 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 manage to combine decentralization and ease of use to win over the general public.

Will blockchain replace traditional social networks?

It's hard to say, but the example of Steemit proves that there is a demand for non-centralized social networks. All that remains is to convert the test and offer simple services capable of massively federating. So watch this space!