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Crypto Terms:  Letter D
Jun 19, 2023 |
updated Apr 02, 2024

What is Decentralized Social Media?

Decentralized Social Media Meaning:
Decentralized Social Media - a platform driven by distributed ledger technologies such as blockchain or DAG.
2 minutes

Let's find out Decentralized Social Media meaning, definition in crypto, what is Decentralized Social Media, and all other detailed facts.

As a result of decentralized social media being supported by distributed ledger technologies, unlike centralized networks like Instagram, Facebook, and Twitter, events on these platforms are permanently logged on a decentralized system that no centralized government can manage or monitor.

Subsocial, Uptrend, and Steem are a few examples of decentralized social media platforms. Even though these platforms seem to have great potential, they still need a lot of adjustments and improvements before blockchain-based social media platforms can become widely adopted and equal to centralized ones.

Traditional social media platforms, on the other hand, govern both user postings and the information they see. This is because these networks are more concerned about income. As a result, they ensure that consumers see advertising material while still providing them with entertainment and information.

Nonetheless, decentralized social media platforms allow users to interact in their preferred manner without restriction because developers often simply supply basic guidelines, leaving the rest to a dispersed community of users.

Besides that, decentralized social media networks avoid one of the most severe problems with centralized social networks - the unapproved selling of user information. Additionally, by leveraging cryptographic techniques, distributed ledger technology improves user privacy and information protection.

Even though promises were made, decentralized social media has its drawbacks. One of these is an absence of supervision, which may lead to more people uploading misleading or harmful material with no method of removing it.

There is also the possibility of a 51% attack. This is when a fraudster can potentially get possession of 51% of a network's capacity, permitting them to change information as they choose, thus compromising the system's stability.