How are you everyone?Today I will discuss with you about cryptocurrency and social media. I am young and my experience is very little so please forgive me if there are any mistake.

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In the early days of social media, users posting viral content saw very few exchanges. The platforms earned revenue but the users, who were creating the content, were not benefiting from their own creativity. Cryptocurrency is a way for developers to curtail this trend and give creators power over their own content. They do this using a technique called "blockchain" which provides a way to encrypt transactions in blocks so that each one is accounted for.
Blockchain in the Information Age
The combination of privacy and accountability that blockchain provides makes it easy to trace anything, as data is broken into pieces and each piece is encrypted separately. Its applications can be used for a range of business transactions and have been used to authenticate products such as diamonds and pharmaceuticals. Cryptocurrencies work by adding blocks to the chain – the more data, the more currency has to be dispersed. When content can earn a user money, it creates more incentive to post more content.

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A step up
This is a new trend from before, as developers look for ways to open up cryptocurrency for wider use. It was originally developed as an online currency, but soon dataminers invested in faster computers to create value, and cryptocurrency was reserved for those with the fastest computers. 2018 promises to change that, with many new platforms live and older standards.
social aspect
The main purpose of social media is to allow users to connect with each other, hoping for that viral content that gets millions of hits around the world. Using Instagram, Reddit or Facebook, users talk and travel news. It goes both ways: good news raises value, and bad news lowers it. News of a hack can cause a cryptocurrency to drop in value, even if the breach is inconsequential.
Today's discussion ends here. I hope you find it interesting and able to understand. Share your thoughts on today's topic. Wishes and blessings to all.