Aave founder intends to build up Twitter on Ethereum” this year
Aave founder intends to build up Twitter on Ethereum” this year
- The founder of Aave plans to build "Twitter on Ethereum", just like Jack Dorsey plans to build Aave on Bitcoin.
- other decentralized social media platforms have not gained in the ground, which Aave has an advantage.
The founder and CEO of AAVE, Stank Kulechov, said the Defi platform is planning to build a Twitter alternative on Ethereum this year. With the platform, users can monetize their content and also regulate the rules of the network.
"We believe that content manufacturers should have their audience in a permitted way in which every new user experience can build up by using the same social graph and the same data in the chain," said Kulechov.
Kuechov had pointed out on Saturday by tweet reading:
Since Jack Aave will build on Bitcoin, Aave Twitter should build on Ethereum.
Kulechov referred to the Twitter co-founder and CEO Jack Dorsey, who plans to decentralize Twitter and create a Bitcoin-based defi. The latter announced on Twitter last week and said it would be a department of his mobile payment company Square.
The open source defi protocol from Dorsey for non-kept Bitcoin services has clear similarities with AAVE. With the Defi credit protocol AAVE, users can lend or borrow cryptocurrencies via Smart Contracts. It is currently commanding the Defi Protocol industry because according to the Defi Pulse data it runs $ 10.92 billion through its system.
In addition, Aave intends to launch an approval-free version of its platform for professional investors this month. On the other hand, the Square project, which has received over 34,000 likes since the publication, follows the announcement of Dorsey's open source BTC hardware wallet.
According to Kulechov, the new project would solve the challenges of today's social media sites. This includes the censorship of content as well as a exploitative wage structure, from which platform operators benefit more as users. He repeated this and said that Twitter users "do not own" their content and therefore everything they post on the platform. Twitter makes all income from your tweets and the content that you share, and Twitter decides which of your tweets are attracted by the algorithm. after the announcement of the plans, Kulechov Jordan Lazaro Gustave appointed project manager. There are already several decentralized alternatives to Twitter like Steemit, but none is still at the start. According to some reports, Steemit users report to get rid of Justin Sun, the tron founder, the Steemit last year. In addition, Voice, which runs on the EOS blockchain, has never won the ground. His developer, who is also block. One’s CTO, left the project in December and said it was "not immune to censorship pressure". The creation of AAVE is considered unique in the decentralized social app ecosystem. After all, every creator would allow his followers to coordinate the type of content that they publish via Daos. a dao, d. h. A decentralized autonomous organization is an organization that operates on a blockchain. His rules are influenced by the members and the control of the central government does not take control of it. With the advantage of being an outstanding force in the crypto industry, the Twitter based on Ethereum from Aave could gain a foothold. Aave also has the advantage of a lower competition, since all previous similar projects were unsuccessful. license plate of the Twitter alternative from AAVE
versions of 'Twitter on Ethereum
Source: Crypto-news-flash.com
Kommentare (0)