New Social Network is Powered by Ethereum Technology

Now Social networks have increased to importance over the past period, with now household names like Facebook or Twitter supreme prominent. But Sometimes this social networks creating troubled by the centralized nature of these social networks, where a single company controls the aggregation and distribution of information and media. Otherwise no problem in our life. We can say social networks helping us for many cases. Now we can earn from social media by post, like or comment. Steemit is like this. If we post at steemit, we can earn bitcoin. This look to blockchain technology, a decentralized, secure network structure - the same technology that has enables Bitcoin to operate. Using this same technology, developers are hoping to create completely decentralized, open-access, Democratic social networks. 

What is Ethereum?

We can say Ethereum is an open blockchain platform that lets anyone build and use decentralized applications that run on blockchain technology like Bitcoin. And no one controls or owns Ethereum – it is an open-source project built by many people around the world. Ethereum was designed to be adaptable and flexible. It is easy to create new applications on the Ethereum platform, and with the Homestead release, it is now safe for anyone to use those applications. Ethereum is a programmable blockchain. Rather than give users some pre-defined businesses (e. g. bitcoin transactions), Ethereum allows users to create their own functions of any complexity they wish. In this way, it serves as a program for a lot of different types of decentralized blockchain applications, including but not restricted to cryptocurrencies.   

Akasha is one of Decentralized Social Network

Truly peer to peer social networks are extolled for the promise of being self-governing, unrestricted, and stable. Here is a no chance for central authority to come in and block a user, delete posts. Here user can vote up or down according to their merit. An author can earn money from others vote or comment. So it’s not control by social networks authority. For Akasha, for example, a highly liked article would accrue units of the Ethereum digital currency, Ether (ETH). One ETH currently is worth around $11 on cryptocurrency exchanges.

 Now question what is Akasha? Akasha is in primary testing as of January of this year, using a testnet version of Ethereum. Cryptocoinsnews actually downloaded the alpha version and gave it a test drive. It has graphic user interface, easy installation, fake or suspicious voting activity according to industry new outlet Cryptocoinsnews.com. It has quadratic voting system. This system can provide not only an up- or down-vote, but also signal how strong that vote is. Akasaha is a social network to use blockchain. But it’s first to have a testable interface using Ethereum. . And Steemit uses its individual independent blockchain, with its individual internal cryptocurrency incentive structure, known as Steem.