INTRODUCTION
It is well know that by nature that the decentralized technologies like those enabled by blockchain link individuals around the world, despite this, the connection has yet to be made social. Consequently, the world currently lacks a single, consolidated place for people to gather, discus, and process crypto-asset information.
A network called the Tela Network Foundation determined to create Hilo, a community socially aggregates crypto-asset knowledge. Hilo is a social network that fosters positive peer engagement, trusted peer discussion, and expert mentorship and it will be accessible to anyone interested in cryptocurrency investment, from beginners to experts to influencers. As a result, the Tela Network Foundation is dedicated to assuring the privacy and data sovereignty of their users. Hilo will be the first social media platform for crypto-asset enthusiasts in which: user data is owned by users, not by the platform; the platform has no access to user data, thereby ensuring user privacy; the users reward one another for great content; and the users significantly control platform governance.
There are numbers of challenges identified to common to centralize online social networks:
The data exploited from individuals without remuneration and without their ongoing control, a system emerges in which the uncompensated value created by the many enriches the few. The Tela Foundation understands that this exploitation is not necessary for a healthy online social network, and has no place in the crypto community.
The vulnerable systems that centralize access to or storage of user data may inadvertently create information systems attractive to hackers exposing to unauthorized use of the sensitive data of millions of people.
It is well know that the centralized control of data systems can enable platforms and third parties to misuse user data unbeknownst to users.
Other problems identified are the ones common to crypto-asset investors and enthusiasts:
The crypto-asset information is typically fragmented and scattered across a variety of applications and websites. New learners generally have no opportunity to learn from much less interact with, topical experts.
There are few options available for crypto-investors to view and learn more about their assets and even among the exist ones; interface complexity often undermines user experience.
The new crypto-assets are confronted with intimidating jargon and few trusted information sources.
There are many online social spaces dedicated to crypto-investment have become well known for in-group/out-group dynamics, bullying, chauvinism, attack bots, trolling, and other forms of social dysfunction. Crypto-influencers are often inaccessible.
The solution to these challenges is that well-designed online interactions have been shown to strongly drive learning, whether via synchronous direct messages or asynchronous streams, such as group chats or newsfeeds. In trading and investment specifically, empirical evidence has demonstrated the benefits of crowdsourced information and diversely sourced online learning.
The Tela Network Foundation is to provide users with a non-exploitative, trusted, private, and consolidated solution for social-network based learning in the crypto space. The platform fosters an engaging peer network, providing new and experienced investors a combination of social news aggregation, portfolio tracking, trusted peer discussion, and one-on-one mentorship.
CONCLUSION
A network called the Tela Network Foundation determined to create Hilo, a community socially aggregates crypto-asset knowledge. For details information about Hilo, it is important to check their various links and channels indicated below:
Website: https://hilo.io/
Whitepaper: https://hilo.io/assets/whitepaper.pdf
Join on Telegram: https://t.me/HiloCrypto
Follow on Twitter: https://twitter.com/HiloCrypto
Follow on Facebook: https://www.facebook.com/HiloCrypto/
Follow on LinkedIn: https://www.linkedin.com/company/hilocrypto/
Follow on Github: https://github.com/VertexCapxDev
Follow on Angel: https://angel.co/hilocrypto
NB: Most of the picture diagrams and table displayed in this write up are obtained from official site of Hilo.
Username: Akinseye118