Homework 3: Facebook VS Steemit (Centralized VS Decentralized) applications: by @yohan2on
Social Media (Social Media) is one of the popular names of the present time. Social media, which didn't even exist 20 years ago, is now deeply involved with us. It is doubtful whether the present day youth can survive without touching the mobile phone. What a young society, old people also sit and scroll on social media. A large group is now in possession of traditional social media. Hey we may use these media for our needs but as a result of our use but its owner is getting richer and richer. In a very natural way, this is understandable, since the traditional big media is in today's position from every human contribution because every comment, every share, a media is popular on the internet and this like, comment, share or post but the owner of this social media can't give. , It has to be given to its users and to this day they are not thinking of doing anything for those people, meaning the users are on the list of deprived.
If that were the case, how would it be, since we, the users and the owners of this media, are getting rich with our data, they would give us some of its profits according to their contributions. It must have been very good. In other words, we would get money by commenting like on Facebook. That would be good. Since time is of the essence and data has to be purchased, this should be the case. Blockchain-based media do this, but centralized or traditional media do not. Apart from blockchain, social media does not give anything to the customers but blockchain based gives to the customers first. Centralized based Social Media's security has to be ensured first through blockchain, otherwide people would not trust decentralized. For attaining trust of mass people and participation of all, Blockchain Technology is the best. Thats why we can see, most of the decentralized platform are based on blockcahin Technology.
Source: Image by Gerd Altmann from Pixabay
So you have to understand that there are many differences between Centralized or Traditional social media and Decentralized or blockchain based social media. I am going to share some differences here in terms of Facebook and Steem. Let's go straight to the table where I will show the difference between Facebook and Steem and how they perform.
| Aspects | Steem | |
|---|---|---|
| What you can do | Social Communication | Social communication and income as well |
| Who is giving time and who is benefiting | The users are giving time, the owner is not giving a like but the owners are getting the result | Users are giving time and they are benefiting |
| Who is giving time to make it popular | Giving time to development and maintenance which is very little | Users are giving real time |
| Time value | Time value is given to those who have done very well | Every moment given by each user is evaluated |
| Marketing Income | For those who can make a huge follower in this media, there is an opportunity to earn money with Ad | Here a user can earn from the beginning. |
| Regulation | Easy to change as single management can take decision faster | Wise decision as a lot of comments will come, but will take time & complexity to change the Regulation |
| Update | Quick Decision | Lengthy Process |
| Scaleability | Can create problem with many number of Trafic | Highly Scaleable |
| Management Cost | Very High | Low |
| Security | Less | High |
| Data Protection | If you delete your information here, you will not get it back | It will not lose your data as it is a blockchain even if you delete it. You can't literally delete. Everything will remain in the blockchain in the form of blocks |
| Relationships with the community | You just have to be more discriminating with the help you render toward other people. | But since you are getting some rewards in addition to this communication here, you will work for each other and the friendships and bonds will be stronger. |
| Example | Facebook, Twitter, Instagram, LinkedIn, etc | Hive, Tata, Steamit, Apex, Medium etc. |
Source: Image by Arek Socha from Pixabay
Present Scenario of Social Media
World is changing rapidly with the technology. In last decade, Information and communication technology has changed a lot. We are living in the most significant part of the development of technology. Social Media is very popular now a days. Peoples are spending a lot of time in internet specially in Social Media. We spend a lot of time in liking, sharing, posting contents in social media.
Source: Image by Gordon Johnson from Pixabay
What’s happening behind
We spend time because we like to spend time in online with friends. We, with our activity, creating values in that platform. But those platforms are not appreciating our time. They are growing very rapidly with our little contribution. In that case, Companies are getting benefits. We, the contributor, nothing rather just enjoying and spending time.
Is not it Smart!
There are some other social media which is blockchain based smart technology. They are smart enough. Pays attention to all of its users. You can do what you are doing right now e.g. like, comment and share. But it pays. You can get money in the form of cryptocurrency for each and every like you get and deliver. So is not is smart!
Source: Image by Thomas Ulrich from Pixabay
I have seen many people who, after finding such decentralized based social media, gradually abandon the previous media and are working here completely and giving here if they have time. I myself don't use other social media much now. I only use reward based media where giving my time I get its return on financial criteria. These differences are not taken from any blog or research today. I have tried to write from my personal perception and @yohan2on 's Third Lecture on Comparing and Contrasting between Decentralized and Centralized applications and from what I know. of SteemitCryptoAcademy Lecture. This is my homework of that lecture.
This Post is Plagiarism Free
This Post is Plagiarism Free
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Hi @engrsayful.
Thanks for attending my crypto class and for doing the homework.
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