A Revolutionary Social Media Platform Will Eclipse The Competition With Decentralization
Since the inception of major social media platforms like Twitter and Facebook, these entertainment venues have become integral to our daily lives. What started as a purely noble initiative of connecting people worldwide and allowing them to generate content ended up accumulating power in the hands of a very few individuals.
On top of that, instead of being the pioneers of freedom of speech, these platforms, under false pretences, began a with-hunt for banning people. The case of Trump and his exodus from major social media platforms are only the tip of the iceberg, with more and more people being punished for going against the current agenda.
However, not all is lost, and social media platforms have an optimistic tendency to deviate from traditional models and test new waters. One of the most recent examples was Twitter’s “Blue Sky” project, which is set to introduce blockchain technology to the platform. But this is a big corporate name, and what about crypto? In today’s editorial, I would like to talk about the upcoming decentralised social media platform Persystic (PSYS) and how building on Binance Smart Chain (BSC) became new know-how. Let’s dive in.
Why Projects Choose Binance Smart Chain (BSC)
Source: Watcher Guru
Although Binance Smart Chain (BSC) only recently entered the scene, it became a fan’s favourite for several reasons. Namely, Binance Smart Chain is fully compatible with EVM (Ethereum Virtual Machine) and can support all of the existing Ethereum extensions like Metamask. Further, BSC has been a driving force for numerous DeFi applications as a more viable alternative that introduced lower transaction fees than its main rival, Ethereum.
The dramatic decrease in the transaction fees resulted in encouraging participation by market participants with lower balances, which, in turn, increased overall transaction volume in the protocols. However, what genuinely makes BSC stand out is that it enables users and developers to move assets between chains, allowing more freedom, choice and flexibility. Such cross-chain infrastructures deployed on Binance Chain and Binance Smart Chain helped to create a vast and growing ecosystem, with one of the biggest and most influential megaphones in crypto Twitter.
As an Ethereum copy with almost the same functionality and much lower fees, BSC has quickly gained overwhelming popularity among DeFi users, developers and the rest of the crypto flock. Astronomically high Ethereum gas prices have only accelerated BSC’s adoption, and it is on the way to eclipsing Ethereum not only on a DeFi front but in general application.
Persystic (PSYS): Freedom Of Speech At Its Best
Persystic (PSYS) is an upcoming tokenized mixed social media platform that envisions the future where people can communicate freely with one another based on democratic principles and the right to express their opinions. The team behind the project believes that every individual’s fundamental right to content sharing and creating is an integral part of the human experience. However, with most social media platforms today, a central authority can decide whether to take your content down or demonetize it for ideological reasons.
Persystic (PSYS), on the other hand, does not adhere to any ideological stance and would never attack its users just because their opinion is contrary to the current agenda. Unfortunately, the problem of silencing is quite prominent in crypto, with examples of Coinbase banning Russian accounts for alleged money laundering.
Persystic (PSYS) utilises the power of Binance Smart Chain to expand access to social media networks so that consumers and content providers can benefit from increased business opportunities and wealth generation. Due to BSC’s cross-chain interoperability, this project has the potential to become a standardised and decentralised social media platform. The Persystic Token (PSYS) is the main engine driving the platform that powers various transactions, such as transferring it to other platform users purchasing licensed content, exchanging it for fiat and earning rewards.
What To Make Of It
With the growing adoption of Binance Smart Chain beyond the realm of DeFi, this Ethereum rival has all the potential to become the next go-to platform in crypto. And with projects like Persystic (PSYS) choosing to harness the power of decentralised social media through BSC and not Ethereum only solidifies this claim.
Find Out More About Persystic Token (PSYS):
- Presale: http://join.persystic.io/
- Website: http://persystic.io/
- Telegram: https://t.me/PersysticTokenOfficial
- Twitter: https://twitter.com/PersysticToken
Read More About Persystic Token Here: Cardano, Solana and Persystic Token Are The Coins To Look For Before The Crypto Market’s Final U-turn
The post A Revolutionary Social Media Platform Will Eclipse The Competition With Decentralization appeared first on .
Since the inception of major social media platforms like Twitter and Facebook, these entertainment venues have become integral to our daily lives. What started as a purely noble initiative of connecting people worldwide and allowing them to generate content ended up accumulating power in the hands of a very few individuals.
On top of that, instead of being the pioneers of freedom of speech, these platforms, under false pretences, began a with-hunt for banning people. The case of Trump and his exodus from major social media platforms are only the tip of the iceberg, with more and more people being punished for going against the current agenda.
However, not all is lost, and social media platforms have an optimistic tendency to deviate from traditional models and test new waters. One of the most recent examples was Twitter’s “Blue Sky” project, which is set to introduce blockchain technology to the platform. But this is a big corporate name, and what about crypto? In today’s editorial, I would like to talk about the upcoming decentralised social media platform Persystic (PSYS) and how building on Binance Smart Chain (BSC) became new know-how. Let’s dive in.
Why Projects Choose Binance Smart Chain (BSC)
Source: Watcher Guru
Although Binance Smart Chain (BSC) only recently entered the scene, it became a fan’s favourite for several reasons. Namely, Binance Smart Chain is fully compatible with EVM (Ethereum Virtual Machine) and can support all of the existing Ethereum extensions like Metamask. Further, BSC has been a driving force for numerous DeFi applications as a more viable alternative that introduced lower transaction fees than its main rival, Ethereum.
The dramatic decrease in the transaction fees resulted in encouraging participation by market participants with lower balances, which, in turn, increased overall transaction volume in the protocols. However, what genuinely makes BSC stand out is that it enables users and developers to move assets between chains, allowing more freedom, choice and flexibility. Such cross-chain infrastructures deployed on Binance Chain and Binance Smart Chain helped to create a vast and growing ecosystem, with one of the biggest and most influential megaphones in crypto Twitter.
As an Ethereum copy with almost the same functionality and much lower fees, BSC has quickly gained overwhelming popularity among DeFi users, developers and the rest of the crypto flock. Astronomically high Ethereum gas prices have only accelerated BSC’s adoption, and it is on the way to eclipsing Ethereum not only on a DeFi front but in general application.
Persystic (PSYS): Freedom Of Speech At Its Best
Persystic (PSYS) is an upcoming tokenized mixed social media platform that envisions the future where people can communicate freely with one another based on democratic principles and the right to express their opinions. The team behind the project believes that every individual’s fundamental right to content sharing and creating is an integral part of the human experience. However, with most social media platforms today, a central authority can decide whether to take your content down or demonetize it for ideological reasons.
Persystic (PSYS), on the other hand, does not adhere to any ideological stance and would never attack its users just because their opinion is contrary to the current agenda. Unfortunately, the problem of silencing is quite prominent in crypto, with examples of Coinbase banning Russian accounts for alleged money laundering.
Persystic (PSYS) utilises the power of Binance Smart Chain to expand access to social media networks so that consumers and content providers can benefit from increased business opportunities and wealth generation. Due to BSC’s cross-chain interoperability, this project has the potential to become a standardised and decentralised social media platform. The Persystic Token (PSYS) is the main engine driving the platform that powers various transactions, such as transferring it to other platform users purchasing licensed content, exchanging it for fiat and earning rewards.
What To Make Of It
With the growing adoption of Binance Smart Chain beyond the realm of DeFi, this Ethereum rival has all the potential to become the next go-to platform in crypto. And with projects like Persystic (PSYS) choosing to harness the power of decentralised social media through BSC and not Ethereum only solidifies this claim.
Find Out More About Persystic Token (PSYS):
- Presale: http://join.persystic.io/
- Website: http://persystic.io/
- Telegram: https://t.me/PersysticTokenOfficial
- Twitter: https://twitter.com/PersysticToken
Read More About Persystic Token Here: Cardano, Solana and Persystic Token Are The Coins To Look For Before The Crypto Market’s Final U-turn
The post A Revolutionary Social Media Platform Will Eclipse The Competition With Decentralization appeared first on .
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