Project Liberty, the initiative backed by real estate billionaire Frank McCourt aimed at disrupting today’s social media platforms, has found a home on Polkadot, the framework of parallel blockchains conceived by Ethereum co-founder Gavin Wood.
Last year, McCourt, a former owner of the Los Angeles Dodgers baseball team, earmarked $100 million to attack the existing structure of social media, which he says is dogged by problems around data privacy and user manipulation that can’t be tackled by regulation.
The solution, in his opinion: an open-source, publicly owned infrastructure called the Decentralized Social Networking Protocol (DSNP) to center the internet around people instead of giant data-harvesting platforms.
In fact, the idea of a core internet protocol for identity, networking and messaging – much as HTTPS underlies the web – has been something of an elusive aspiration since the early days of social networking, when people began to see problems arise, said Braxton Woodham,...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...