How Innovation and Decentralization Will Forever Change Social Networking
Social media struggles with issues of privacy, security and truthfulness, and relies on algorithms that create echo chambers of news. With blockchain, true privacy and security are possible without censorship or eavesdropping, while smart contracts can replace third parties like lawyers and notaries. Decentralized social networks offer users control over their profiles and data. Users could be rewarded with cryptocurrency for content, while "likes" could be replaced with cryptocurrency for content. Steem.it and the Brave Browser are two projects exploring decentralized networks.