Blockchain Based Social Media Platforms To Know

Blockchain Decentralized networking platforms built on blockchain protocols/platforms that enable the development of applications and smart contracts are known as social media. Some of the blockchain protocols that support the development of social media DApps are Ethereum, Steem, and Stellar, to mention a few. Because Blockchain social media networks are decentralized, there is no central proprietary authority in charge of all data. Instead, the data is distributed across servers at each network node in a homogeneous and decentralized manner. If you want to know more about blockchain-based social media platforms, keep reading.

In recent years, mainstream social media sites have prompted debate. Major platforms like Twitter, Facebook, and YouTube can censor users and content, even if they want it.

They can also demonetize material and restrict money flow on their own. These issues can be solved with blockchain technology. By keeping user content on a blockchain’s immutable ledger, social media ventures can avoid censorship. They can also provide users control over incentives and reputation points by encrypting the data and transferring it via unstoppable crypto transactions.

Society2 on IOTA

Society2, a new social media site built on the IOTA blockchain and its IOTA Streams technology, will launch soon. Using blockchain technology, users will have more control over their data and privacy and the ability to earn free IOTA tokens by watching ads. Developers can also use Society2 to create new platforms.

Society2 unveiled its goals, stating that it aims to be one of the first decentralized social media networks with broad appeal. The development team hopes to create an early prototype by Q3 2020, although no firm release date for the platform has been set.

Blockchain Based Social Media Platforms


Peepeth is a microblogging platform on a decentralized social media network. It’s a Twitter clone, but don’t be fooled by its appearance. Peepeth’s monetization approach, mission, and backend technology are worlds apart from previous “free” services. It’s taking something you’ve gotten accustomed to and know how to use – and making it available to the rest of the world.

Peepeth is based on the Ethereum network, and like all dApps, it takes a modest amount of Ether to participate. That is, it is not “free” and does not conceal expenses from users. Using Peepeth costs the equivalent of a few American cents for an entire day of everyday interactions.

This platform, created by Bevan Barton, was released on March 27, 2018. Peepeth is an open-source smart contract with a frontend that can be accessed at

Some of the critical features of  Peepeth include:

  • Transparent
  • Can hide user identity
  • All the posts are stored on the blockchain
  • Interaction with contracts for decentralization


Sapien is a social news platform based on the Ethereum blockchain. It’s incredibly adaptable and democratic. Web3, a social network that compensates content creators and puts consumers back in control of their data, combats fake news. Sapien is a social news platform based on the Ethereum blockchain. It’s incredibly adaptable and democratic. Web3, a social network that compensates content creators and puts consumers back in control of their data, combats fake news.

Users can stake SPN tokens in Sapien’s engine and get tokenized rewards for making comments, voting on posts, and generating content. On this decentralized social network, users have complete control over their time and data.


Steemit is a platform for user-generated content and community building that blends blockchain technology, social media, and cryptocurrency. The social community creates and curates content in exchange for 50 percent Steem Power and 50 percent Steem Dollars. It is one of the most prominent blockchain social networks of all time, and it was founded on the Steem blockchain. Steemit is a platform for user-generated content and community building that blends blockchain technology, social media, and cryptocurrency. The platform features elements that are similar to Facebook and Reddit in terms of functionality.

Based on involvement and ‘upvotes’ on content, the steem system automatically distributes Smart Media Tokens to the producer (SMT). Users on this platform have earned over $59 million for their material, according to Steem Stats. Furthermore, the Steemit whitepaper predicted a whopping 6 million transactions per second, far higher than Bitcoin and Ethereum’s current TPS. Writers and content providers who wish to monetize their work should use Steemit. In February 2020, Tron purchased Steemit.


Diaspora is a distributed social network that users for users run. It comprises a collection of self-contained nodes (known as pods) that build a network. Because a single person or company does not own a social network, it is immune to corporate takeovers and advertising. “Our distributed design guarantees no big corporation will ever control Diaspora,” the project’s creator claims.

Diaspora is a distributed social network that users for users run. It comprises a collection of self-contained nodes (known as pods) that build a network. Because a single person or company does not own a social network, it is immune to corporate takeovers and advertising. “Our distributed design guarantees no big corporation will ever control Diaspora,” the project’s creator claims. Furthermore, individuals of the Diaspora’s “community,” as they refer to it, can follow hashtags in the same way on regular social media sites.

Diaspora is built on three critical factors in terms of functionality and structure.

Decentralized Network

The Diaspora network is based on dispersed servers that are owned and operated separately. It guarantees that the system is entirely decentralized, with no data being held on a single server.

Liberty To Hide Identity

Users do not need to divulge their genuine identity to participate in the Diaspora community. The user might also choose to reveal personal information such as their phone number. Apart from being free to use, the software gives users complete control over how they connect.

Security and Privacy

A unique Diaspora feature called ‘Aspect’ allows users to have complete control over their data and distribute it at their choice. Furthermore, users do not sign off their data rights, either to Diaspora or to any other third party, when they sign up for the community.


On the one hand, traditional social media’s popularity is skyrocketing due to the enhanced marketing and entertainment opportunities it provides to its users. On the other side, concerns about data and privacy breaches linked to these sites are growing.

The blockchain-based application puts the interests of the users ahead of the corporation. In the not-too-distant future, people will be able to operate these applications. We hope you have gotten an idea about the best blockchain-based social media platforms now.

Furthermore, because there is no centralized authority, users on these networks have more privacy. As a result, the freedom of speech and expression is preserved. People are spared the agony of being persecuted for their opinions on social media. Users can earn cryptocurrency by posting and interacting on most decentralized social networking platforms.

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Blockchain as A Service: What is it & How does it Work?

A key part of this growing technology is blockchain. Blockchain technology permits entities to share data fast, and securely without compromising on security. No one party is responsible for safeguarding or processing the transaction.

Blockchain technology is usually very complex, so just building, maintaining, and monitoring a blockchain system for a given application is too time-consuming. With blockchain as a service (BaaS) becoming more prevalent, businesses can utilize distributed ledgers as a more accessible alternative, particularly with regard to cutting costs and overhead. Blockchain solutions have extensive real-world applications, yet industries are still struggling to harness their full potential. Also, blockchain can be offered as a cloud service. Why is that so? To deliver maximum benefits to the target audience through blockchain-based services.

According to predictions, global spending on blockchain solutions will increase to 6.6 billion dollars in 2021, and it is forecasted that spending on blockchain solutions will reach almost 19 billion U.S. dollars by 2024.

What is Blockchain as a Service and how can a Business Benefit from it?

BaaS (Blockchain-as-a-Service) is a third-party service that allows companies to create and manage blockchain-based networks utilizing cloud technology. Providing third-party services within the sector of blockchain technology is a relatively new development. Blockchain applications have progressed far beyond their best-known use in cryptocurrency transactions and have widened to cover secure transactions of all kinds. As a result, hosting services are in high demand. Blockchain technology is now being used to deliver services to a broader audience through the cloud-as-a-service model.

This model works in a similar manner to SaaS, PaaS, and IaaS models which enable the use of cloud-based apps and storage. BaaS is a low-cost method for businesses of all sizes to employ blockchain technology. BaaS enables enterprises to obtain blockchain providers’ services at minimal cost to develop blockchain apps. According to the Fortune Business Insights report, the Global BaaS market size is projected at USD 24.94 Billion by 2027, showing a CAGR of 39.5% between 2020 and 202.

Why Blockchain as a Service is so Important?

An organization’s operations are driven by information. It’s better to receive it as quickly as possible and as accurately as possible. As a method of providing that information, blockchain is ideal, since it provides immediate, shared, and transparent information stored on an immutable ledger that can only be accessed by members of the permission network. Blockchain networks are used to track orders, payments, accounts, production, and much of the above. Members can view all the details of a transaction in one place, giving them more confidence, while generating greater efficiencies and opportunities.

The adoption of blockchain technology is increasingly being explored by IT organizations in a wide range of industries. Despite this, the inherent technical complexities, a lack of domain expertise, and the operational overhead costs of developing, operating, and maintaining the Blockchain often slow down plans for adoption. BaaS, however, is currently being seen as a possible solution to this problem.

The right Blockchain as a Service provider can ease businesses’ transition to Blockchain technology by giving them access to skilled Blockchain developers, process and governance experts as well as the required cloud infrastructure without worrying about startup and overhead costs.

A reputable BaaS provider will also offer a rich source of experience and wisdom that can be leveraged to upgrade the security of the systems. As a result, it significantly reduces the number of risks that would have to be dealt with if it had been developed in-house.

How Blockchain-as-a-Service Work?

BaaS is when an external supplier sets up for you all the necessary “blockchain technology and infrastructure” and you pay the provider for setting up and maintaining the nodes. BaaS providers handle the back-end dynamic for the users and their companies.

The BaaS operator ensures the preservation and management of critical objects and services related to blockchains. Additionally, it can regulate bandwidth, allocate capacity, assess storage needs, and identify security risks. BaaS lets consumers concentrate on their core activity — blockchain technology — instead of worrying about infrastructure and performance issues.

As an example, consider BaaS as a hosting provider. It takes you just a few minutes to design a web page that reaches millions of people every day. In fact, you can run your own website from your own office using your own computer/server and either does the work yourself or hire a support team. Moreover, a website can also be hosted at a location that is not convenient for you.

A good example of blockchain technology is Hyperledger Cello, which is a utility system and toolkit for blockchain modules that is similar to a BaaS platform.

The Hyperledger Cello (HLC) system is a distributed computing platform that helps people manage and use blockchain systems more efficiently.

Cello provides the following major features based on blockchain technology and modern PaaS tools:

  • Automatically manage blockchain network lifecycles, such as creating, stopping, deleting, and keeping healthy.
  • Allow customized blockchain network configurations, including network type and size.
  • Support bare-metal, virtual machines, vSphere, native Docker hosts, Swarm, and Kubernetes
  • With the integration of existing tools like ElasticStack, the platform offers advanced features like monitoring, logging, health, and analytics capabilities.

In a nutshell, Blockchain as a Service could be the catalyst for the wide-scale adoption of blockchain throughout various industries and firms. Big or small companies can now simply “outsource” their technological complex tasks so they can focus on their core business rather than managing and developing their own blockchains. Big technology companies are already putting their hats in the blockchain ring for their own BaaS deals. Microsoft offers its Azure platform to support the BaaS system. Its own BaaS focuses on private blockchains, while its cloud services are provided by Amazon and Oracle.

The Bottom Line

Now, big tech companies are offering blockchain as a service to assist clients in adopting this world-changing technology and staying competitive. Blockchain as a service is offered by big providers like Microsoft and IBM. Their services enable executives to source blockchain functionality instead of developing these kinds of platforms on their own. A blockchain-based service can be a disruptive innovation in almost any industry since blockchain technology has so much potential.

Overall, BaaS is the technology you need if you want to take your business to the next level. Blockchain as a Service solution not only makes blockchain technology accessible to a wider audience but also supports all the rapidly emerging use cases of the technology, effectively expanding your business scope.

Decentralized Cloud Computing: Blockchain and Cryptocurrencies Empowering Cloud Technologies

Statistics have shown over $17 billion in income is generated each quarter by cloud computing, which powers many of today’s internet-based apps and services. What individuals share and save, how they cooperate, and how they use distant apps are examples of how this technology is used in their daily life.

Introduction of Decentralized Approaches to Managing Data

Decentralized approaches are needed to fulfill digital business infrastructure requirements, according to businesses throughout the world. More than five billion IoT devices will require edge solutions by 2020. According to Business Insider Intelligence, Data and services are moved from one or more central nodes to the “edge”, which is frequently in contact with the end-users, using edge computing. To achieve this goal, edge computing employs a combination of peer-to-peer ad-hoc networking. It also uses local cloud computing. Grid computing. Fog computing.

Blockchain-Based Decentralized Approaches and FsMain Challenges

Since the early 1990s, there have been platforms for sharing computational resources. UC Berkeley’s SETI@home is an example of a scientific project in which individuals may contribute by running a free application that downloads and analyses radio telescope data. This dependency on central nodes to distribute and manage jobs, coupled with difficulties connected to suitable incentivization schemes for computing power suppliers and correct verifiability of the performed computation, are the primary drawbacks of such platforms at scale.

Ethereum emerges as a critical enabler of decentralized cloud solutions in this scenario. Because blockchain-based designs employ consensus and incentive systems to help distributed computing overcome some of the difficulties stated. Token-based node host compensation, for example, is not only a great way to encourage interested parties to put their resources online, but it also helps prevent bad players from taking advantage of the system.

Some of the Challenges Delineated are:

  • Making sure resource suppliers have the proper incentive strategy in place by ensuring equitable revenue distribution
  • Infrastructure scalability should be considered, given the present limits of blockchain infrastructure scalability.
  • The computation must be verified (i.e., a provider claiming to have provided the service without effectively doing it). However, to be effective, reputation management strategies must strike the proper balance between reputation weight and market entrance costs.
  • Oracles are not decentralized by nature. Use trustworthy oracles*. The trust problem might be mitigated via distributed oracle proposals. A malicious attack or other (standard) difficulties may give rise to the right to deletion of data.
  • Many projects are exploring ways to integrate blockchain into distributed computing platforms. Use cases for blockchain in the decentralized cloud are described below.

Blockchain-Based Decentralized Cloud Solutions


Data Centers will generate new revenue streams from their underutilized capacity by using Ankr, a decentralized cloud solution now under development. A high degree of service availability, easy integration, and secure communication will be required to achieve this goal. Containerization, cluster orchestration, and Trusted Execution Environments would be leveraged to achieve this goal (TEE).

Using a new consensus technique dubbed Proof of Useful Work (PoUW), the Ankr team can attain a high level of security while wasting minimum amounts of energy.

The figure below shows the fundamental component of Ankr’s mining strategy, which examines the critical participants in the system.


decentralized cloud computing

Due to the described method, the PoUW consensus achieves a high-security level while minimizing energy consumption.


A global supercomputer with “unlimited” capacity and processing power will be made available through the Dfinity project, a decentralized cloud solution. Crowd wisdom and classical AI technologies are used to freeze rogue smart contracts that undermine the interests of individuals utilizing the platform.

Since certain transactions may be altered and reverted with algorithmic approval, this is a different approach from projects like Bitcoin or Ethereum, where the rule “The Code is law” mandates that a user cannot edit or reverse the transaction once it has been completed.

The figure below shows the Dfinity consensus mechanism structure:


Dfinity consensus mechanism structure

After a committee (a subset of all registered Clients) temporarily executes the protocol on behalf of all Clients, it assigned the ultimate execution to another Committee, which delegated it to another Committee.

While maintaining fairness and security, this technique allows the infrastructure to scale predictably.

Vocabulary Recognition Functions (VRF) give publicly verifiable evidence of their output’s accuracy without requiring a secret key.


In the Solana project, the Proof of History idea is used to construct a unique blockchain architecture (PoH). PoH employs a verified delay function to provide the network a feeling of shared time that is not reliant on trust. The GPUs on Solana also handle transaction processing, a method that scales with Moore’s Law.

An integrated circuit with many transistors is said to double its transistor count every two years, providing a significant increase in computing capacity. Together with a Proof of Stake consensus process, this mechanism can make the infrastructure extremely scalable.

It is possible to use the infrastructure for a variety of purposes, such as decentralized cloud computing.

The Solana transaction flow is shown in the figure:


Solana transaction flow

New decentralized cloud providers are expected to enter the market in the future, competing with established companies by delivering new services. Several additional projects in development have been in development for 2–3 years and are currently in testing phases.

Because decentralized cloud architectures based on blockchain technology are still in their infancy, essential criteria such as quality of service and performance and scalability and security will be crucial in the long term for these projects to develop economically.

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