Decentralized social network Minds wants to become blockchain-an alternative to Facebook

A decentralized social network of Minds is taking steps to implement the Ethereum blockchain. After launch in 2015 Minds.com quickly reached one million registered users and received more than 73 million unique page views.

The project now seeks to achieve greater decentralization by running Minds the Crypto Social Network. This step will make the platform fully functional decentralized application (dApp), working on the Ethereum blockchain for both mobile and web devices, in accordance with the white paper, which emphasizes the target and determines the next steps of the project.

«This is the biggest update we have ever made,» said the founder of Minds bill Ottmann (Bill Ottman). «We updated the UX for web and completely rewrote all of the mobile apps in React Native, to work with high efficiency. We made some major changes in my job.»

One of the most such changes was the creation of the Minds of the token within its own bonus system. Tokens Minds will give users the opportunity to monetize their content through a reward system. They will be able to use tokens for subscriptions to content creators on the platform, and the network participants will receive their share of Minds Daily Reward Pool in proportion to the popularity of their messages. Model token will work in a test network Ethereum, until then, until the team is confident in its functionality and reliability.

In addition, Minds.com add built-in wallet for the tokens, so that users can freely control their income, sign up for exclusive content and make transactions with each other on the platform. Among the many additional tools the network also will add the function message encryption and anonymous account.

In addition, Ottmann expressed his hope for the future, when social networking platforms are fully decentralized and freed from the monopoly giants such as Google and Facebook. He said, «I’m a big idealist and I think that we can use a fully-decentralized social networks. According to Ottmann, Minds working on a «hybrid» approach that allows users to choose to use or ignore tokens Minds».

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