Steemit or Synereo? Comparing Decentralized Social Networks
A new bitcointalk thread is currently raising issues which basically make comparisons between Steemit and Synereo. Though virtually every project in the industry has had some random allegations against them, the thread which was started on Friday August 19 was supposedly prompted by the recent announcement by Synereo that its Alpha version will be going online next month. Steem is the digital currency behind the Steemit social media platform which rewards content posters and voters online. Steemit was recently hacked with some accounts compromised. Steem overtook The DAO to be the world’s....
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“With current social networks, you are not the client. You are the product being sold.” Synereo opened their official announcement with the above messaging, a bold statement about the current state of social media. Built to be decentralized, Synereo wants to change social networking for the better, rewarding their user base along the way. Synereo approaches ads on social media quite differently than others currently in the market. Instead of adhering to the traditional model of unsolicited advertisements, Synereo believes user attention is worth paying for.
Social networks are hot nowadays. Ever since Facebook popped up, the whole concept gained traction, and new approaches are made all the time. They're not always as interesting as the one before, but now and then, we get to see a new social network that tries to stand out in the crowd. Meet Synereo, a next-gen social network that claims to be different. You're the client, not the product. "With current social networks, you are not the client. You are the product being sold. The value you create by being a part of the network flows upwards immediately, reaching only a select few: those in....
Blockchain-based social network, Steemit, recently hit 100K users within its first 5 months of operation. It has also acquired 500K monthly unique visitors from all over the world with its unique blogging platform that rewards contributors. Steemit growth similar to Reddit. Ever since Steemit launched in summer, 2016, it has gained a lot of popularity by its bloggers and curators while in beta with its goal to “redefine social media.” This is mostly due to Steemit’s popular system of rewarding people for voting and posting content on the platform with its own coin, Steem. Some are even....
Synereo, the Israeli blockchain computing platform best known for its decentralized social network, is releasing more details about the full technology stack it plans to release later next year. Synereo is also about to embark on another stage of its fundraising drive with a token offering to follow the one it did in 2015, and is offering rewards to developers wishing to build apps for the platform. The Stack. The company revealed that its platform will consist of four layers: the blockchain layer it calls RChain, a system for distributed content storage and delivery across the network....
Decentralized social media platform, Synereo, disclosed a 4-layer tech stack that would power its system, with RChain to replace Blockchain. It’s yet to see how efficient the proposed model will be by comparison with Facebook and Twitter. Aside the general knowledge of decentralized platforms as seen in Diaspora*, Steemit and others, not much is known about Synereo which aims to be the first fully decentralized social network based on principles of the attention economy. Existing Blockchains can’t support the network. According to Synereo’s own paper, Bitcoin, Ethereum and other....