Recently, Facebook expressed its intent to develop blockchain technology. The news followed after FB’s CEO Mark Zuckerberg announced that he intends to make his cryptocurrency.
The combination of cryptocurrency and social media is something going on since the surge of the use of the digital currency in other aspects. The blockchain technology is the subject of tests as a solution to almost everything, even to social media.
Even though social media and messaging platforms like iMessage and Whatsapp claim to have end-to-end encryption, some clusters of data that are left get picked up by third parties. Because of blockchain based social media not only does privacy and security get tightened, but also users can use cryptocurrency to buy content and access other services.
Read Article: http://newstodayone.com/social-media-and-cryptocurrency-the-power-combo/