Finally, there will a social media platform which will pay to its users for their contribution. This social media platform will be rewarding its users for generating, distributing, and interacting with other users and for their content. In recent years due to fast and seamless internet access over the mobile, people started spending lot of time on social media sites. they have adapted to the rapid development of mobile communication technology by finding new ways to share their lives, interact with one another, and form communities. Social networks are no longer simply technological phenomena. Major social media platforms have fundamentally changed the way users express identity, communicate ideas, and develop relationships. But these social medial platforms are based on centralized platform and focusing on earning money for its stake holders only. The platform wields control over content distribution. It is the platform that benefits from advertising. I have not seen any social media platform passing the benefits to the contributors or users.
The TTC protocol decide to change this approach towards social networking, they have created decentralized platform for the next generation of social platforms. The TTC Protocol provides a brand new social networking experience; the platform is completely decentralized. This gives participating individuals a highly rewarding and dynamic user experience. Unlike centralized platform which have control over the content distribution, a decentralized system, users decide which content is worth seeing, and the benefit or the profits from advertising go directly to users.
With blockchain-based cryptocurrency, the TTC Protocol will also offer cryptocurrency incentives via a token called TTC. Social network users are rewarded for generating, distributing, and interacting with other users and their content. the TTC
Protocol itself is led by each end user. As the number of end users grows, the TTC Protocol becomes more valuable, and the commercial value of the TTC token also increases.
Why TTC chosen this blockchain technology? Because, there are several ways in which blockchain technology can be naturally applied to social networks. For a social network to develop, participating users must be able to interact easily. Each user on the platform functions as a node in the network. As the frequency and the probability at which users interact increase, the density of nodes increases. This is highly compatible with blockchains.
Practically, a blockchain is a digital ledger that is used to record transactions across multiple parties. It is decentralized, distributed, and public, and because the record cannot be altered retroactively without the alteration of all subsequent information in collusion with the entire network, blockchain technology is secure by design. This makes blockchains suitable for keeping track of events, medical information, financial transactions, and other types of record keeping.
The ecosystem of the TTC Protocol –
Developers of the open platform TTC Protocol also share the benefits of a decentralized and token-incentivized social network. Any developer can create his or her own blockchain DAPP and promote it on the TTC Protocol. To foster a unified and solid ecosystem, all DAPPs will be accessible with a single user account and wallet.
The first decentralized application(DAPP) on the open platform TTC Protocol will be tataUFO, a social network service with more than 10 million total users. tataUFO is committed to breaking the conventional bottleneck of social networks, decentralizing content distribution, and returning value to individual users through a blockchain-driven tokenized incentive mechanism.
The TTC protocol recently bought ALIVE which is a video editing and sharing platform. You can also share your video story across social platforms and enjoy communicating with others’ live moments. After launched in 2014, Alive has acquired more than 10 million users in countries of the USA, UK, China, Russia, Brazil, Indonesia and so forth.
This is just a start, and I am sure there will be many more such DAPPs available at the TTC protocol. This platform will be very popular as its giving back the benefits to users. So, I think from now onwards no one will say stop wasting time on social media sites.
Follow TTC Protocol -
Website: https://www.ttc.eco/
Twitter: http://www.twitter.com/ttceco
Medium blog: https://medium.com/ttc-official-blog
Facebook Page: http://www.facebook.com/ttceco