ETHCC Web3 Social Day Highlights: Decentralized Social Networks vs. Web3 Social

On the ETHCC Web3 Social Day, distinguished figures within the decentralized social community house got here collectively to debate the evolving panorama of social media, in keeping with Masks Community. The occasion featured a roundtable dialogue with key individuals resembling Fiatjaf, writer of the Nostr protocol; Wouter Fixed, a Nostr researcher; Limone.eth, founding father of ETHRome; Eric, a distributed community engineer at Codex; and Shane Gaffney, head of the Sending.me group. The dialogue was moderated by Suji Yan from Masks Community.

Key Individuals and Their Views

Suji Yan initiated the dialog by highlighting differing views on decentralization. Some individuals favored impartial operations free from exterior affect, whereas others, just like the Sending.me staff, had raised substantial enterprise capital. Suji talked about that Bitcoin’s inception about sixteen years in the past and the emergence of Nostr have reignited discussions inside the Bitcoin group, bringing to gentle the imperfections of the present trade.

Wouter Fixed offered an summary of Nostr, emphasizing its reliance on uneven cryptography, standardized information codecs, and relay-based communication. He described Nostr as a decentralized community that originally served as a running a blog platform just like Twitter however has since advanced right into a extra intensive system.

Eric from Codex mentioned their give attention to information permanence, censorship resistance, and privateness, highlighting the significance of decentralized information storage in making certain true decentralization. Limone.eth shared insights from ETHRome, noting that totally different tasks strategy decentralization uniquely, whether or not community-driven, protocol-driven, or product-driven.

Challenges and Options in Decentralized Social Networks

Shane Gaffney from Sending.me recounted the story of Dolphin browser’s founder and his shift in the direction of decentralization after experiencing the constraints of centralized platforms. Sending.me goals to mix social networking with monetary transactions and content material creation, providing options like token-gated communities.

Suji raised a important query concerning the viability of non-profit-driven social networks. Wouter responded by sharing Nostr’s journey, which started with out funding and later gained help from Jack Dorsey’s OpenSats basis. He emphasised that the main focus must be on constructing public infrastructure first, with profitability thought of later.

Decentralized Storage and Infrastructure Design

Eric and Wouter delved into the technical points of decentralized storage. Eric defined that Codex goals to deal with the necessity for censorship-resistant, persistent information storage, whereas Wouter highlighted the challenges of peer-to-peer programs and the function of relays in Nostr.

Limone.eth mentioned Farcaster’s integration with Ethereum, permitting customers to work together with decentralized functions (dApps) whereas retaining management over their identification and information. The dialog additionally touched on the potential of mixing efforts throughout totally different decentralized protocols to create extra sturdy programs.

Present Stage of Decentralized Social Networks

In concluding the dialogue, Suji requested individuals to charge the present stage of decentralized social networks on a scale of 1 to 10. Wouter gave it a 1, noting that integrating private and non-private keys into social programs is simply starting and can take generations to realize widespread adoption. Eric rated it a 2 or 3, emphasizing the necessity for vital funding to beat present challenges. Limone.eth and Shane Gaffney rated it a 3 or 4, expressing optimism for speedy progress within the subsequent decade.

The panelists agreed that whereas decentralized social networks are of their infancy, ongoing discussions and improvements are essential for progress. They highlighted the significance of growing foundational infrastructure to help future functions and guarantee information persistence and censorship resistance.

For extra particulars, go to the unique article by Masks Community right here.

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