3 years ago
Ian Allison is an award-winning elder newsman astatine CoinDesk. He holds ETH.
Project Liberty, the inaugural backed by existent property billionaire Frank McCourt aimed astatine disrupting today’s societal media platforms, has recovered a location connected Polkadot, the model of parallel blockchains conceived by Ethereum co-founder Gavin Wood.
Last year, McCourt, a erstwhile proprietor of the Los Angeles Dodgers shot team, earmarked $100 million to onslaught the existing operation of societal media, which he says is dogged by problems astir information privateness and idiosyncratic manipulation that can’t beryllium tackled by regulation.
The solution, successful his opinion: an open-source, publically owned infrastructure called the Decentralized Social Networking Protocol (DSNP) to halfway the net astir radical alternatively of elephantine data-harvesting platforms.
In fact, the thought of a halfway net protocol for identity, networking and messaging – overmuch arsenic HTTPS underlies the web – has been thing of an elusive aspiration since the aboriginal days of societal networking, erstwhile radical began to spot problems arise, says Braxton Woodham, the creator of DSNP.
Still, a commercialized implementation is needed to run the system, Woodham said, successful the aforesaid mode HTTPS requires a web server.
“We started past twelvemonth and looked profoundly astatine implicit 30 antithetic projects and yet concluded Polkadot has characteristics that marque it peculiarly adaptable for societal networking,” Woodham said successful an interview. “We’re moving with the Polkadot squad astatine Parity Technologies designing for scale, latency and debased outgo volatility for messaging, which is indispensable for societal networks. You don’t spot that with different chains.”
A increasing fig of projects person chosen Polkadot’s parallel-but-connected blockchains, known arsenic parachains, to physique on. Coveted parachain slots person been allocated to projects backed by idiosyncratic communities done special auctions. Within Polkadot’s parachain ecosystem, determination exists a class of projects designed for the communal good, which mightiness yet see Project Liberty.
“Project Liberty volition apt motorboat arsenic a modular parachain, astatine slightest initially,” said Peter Mauric, caput of nationalist affairs astatine Parity Technologies. “There’s an accidental for thing similar this, a precise bully work for everyone successful the Polkadot ecosystem and Web3 broadly, to beryllium voted successful by the assemblage aboriginal arsenic a common-good chain.”
Also further down the line, a token attached to Project Liberty is successful the planning, Woodham said. Details volition travel aboriginal this year.
“The token is important due to the fact that messaging is simply a assets and a token volition beryllium utilized to negociate unchangeable bandwidth resources for messaging and societal media that is scalable,” helium said. “We deliberation that’s going to beryllium truly unsocial successful the blockchain space.”
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Ian Allison is an award-winning elder newsman astatine CoinDesk. He holds ETH.
Ian Allison is an award-winning elder newsman astatine CoinDesk. He holds ETH.
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