Social network of Minds moves to the Ethereum

[Paha87]

The social network Minds, working on the basis of blockchain, which has 1.25 million registered users, transfers its platform to Ethereum.

After about four and a half months of finding the startup in the test network of Rinkeby, the platform will be moved to Ethereum, where it will be fully launched. According to the press service, the startup claims to create "an uncensored and accessible social network for users, especially in potentially authoritarian countries."

To date, "the platform already registers 500,000 page views daily," startup CEO Bill Otman said in an interview. The startup team also claims that approximately 1.25 million registered users have already registered on the platform, about 75 percent of which have already earned test tokens. As a result, these users will receive real platform tokens through free distribution during airdrop. Mr. Othman said:

We expect a General increase in transactions as the chain, both online and off, because of the activation of the withdrawal tokens, purchases and payment of remuneration.

The startup Director also said that the team has developed a "hybrid model involving interaction on both blockchain and off-chain" to ensure that the system can handle the amount of data that Minds will need to provide given the number of users. According to a press release, the hybrid model created will also help the platform process user requests without overloading the Ethereum network.

Users can use tokens as a tool for interaction and work with content. Users can also use tokens to directly pay for the work of content makers and subscribe to premium content.

Otman noted that the precedent was popular in the test network, predicting that the decentralized platform would become one of the most popular applications on Ethereum, after the official launch.

The CEO of the startup anticipated several challenges in the future, saying that "the only disruption will be a 24-hour pause in p2p transactions between users through our Wire and Boost features ... this is only necessary to ensure that the airdrop commitments of our beta version are met."

Elizabeth Mccawley, blockchain developer and consultant at Minds, added in a press release:

While governments are getting rid of free speech and working with centralized companies to monitor social media, Minds provides a haven for those seeking opportunities for global interaction and exchange of ideas.

Link to the source of information (Russia) - https://altstake.io/news/socialynaya-sety-minds-peremeschaetsya-na-ethereum