Blockchain and Social Media

Blockchain is a distributed ledger where transactions are stored in blocks and spread across a peer-to-peer network where every node holds a copy of the ledger. Encryption is a base concept for blockchain. Blockchain is a peer-to-peer technology where the integrity of digital information is protected. The blockchain ledger records every sequence of transactions from beginning to end whether it is many or one. There are certain factors which influence shifting of social media with underlying blockchain technology. Verification of online identities is in increased demand. Fake IDs and vulnerability to fraud can be mitigated where the identities of customers can be verified using blockchain technology and smart contracts. Blockchain-based social media use digital currencies to reward creators and viewers. They are a great alternative to current traditional social media platforms. Some of the platforms of blockchain-based social media are: Steemit, Obsidian, Earn, Indorse, Social X, Enlte, Voice, Sapien, Sola, Ong.Social, Minds, SoMee, Smoke, Alfa, and so on.