Many people are well-familiar with internet censorship imposed by nations like Russia, China, and the Middle East. However, there is a more familiar and understandable form of censorship that has seen its emergence on social media platforms. For instance, people of stringent and conservative political views have put the accusation on YouTube that it has been demonetizing their videos. This means that these videos are unable to mint advertising revenue.
Twitter has also been doing something along similar lines by banning accounts associated with hate speech. All of this is, in spite of the fact, that there are no laid down guidelines that distinctly demarcate what is acceptable and what is not acceptable for posting. Both of these social media conglomerates comply with a centralized norm for filtering of content. Both depend upon a single authoritarian figure to make the decision for what is permissible on their platforms. This authority can be constituted of a panel of human reviewers or the decision can also be taken with the help of computer algorithm. This decision of content filtering is almost akin to the censorship imposed by governments of several nations. The difference is that this time the medium is online social media platforms.
TRON has the capability to fight internet censorship and the trend of centralization of information. The ways in which the online entertainment industry can be disrupted has become a heated topic of discussion. But a more careful look can be taken at how the slow restriction of content and information, which has been taking place on the largest platforms like YouTube and Twitter, can be avoided by the usage of TRON’s platform.
TRON ensures direct ownership of content by content creator
The basis of a network like TRON lies in its ability to build an agreed-upon, comprehendible means for ownership of content. Whenever an article is published on Facebook, Medium or any such similar platform of online content, the creator cannot really take credit for being the owner. Once something goes on the internet, nobody can claim definite ownership of that content. Anyone is free to take the content, violate copyright laws, publish it according to his own needs and not even credit the original creator. Social media conglomerates like YouTube and Instagram enhance the connection between content and the content provider using direct promotion. But the problem arises in a different way.
The trade-off for YouTube publishing is agreeing to terms of licensing and opening oneself to censorship. Almost all content providers easily agree to this trade-off in return for endorsement and visibility. The final result was a channeling of all the internet content to some centralized and powerful distributors. It projects the image that all news yield from the three primary outlets like YouTube, Facebook, and Twitter that have singular control over what be published, what can be monetized and at what price. All this opens up the avenue for an incentive-dependant feedback system which in turn results in stringent censorship.
How TRON Ensures Liability of Content Creator
From fake Facebook profiles toTwitter bots or forum posts on Reddit, it is difficult to keep track on the creator of the content or with whom the actual source belongs.TRON has come up with a solution to solve this problem through the implementation of blockchain technology.In spite of the fact that anonymity cannot be fully shunned, a block-chain based network (like that of TRX) offers a complete ledger for the purpose of content distribution.
This basically implies that if a certain person posts any type of content, the entire consumer base of TRON’s network will agree to the existence of the connection.TRON’s network helps the content creator gain back the rights to his content and it enables in the distinct identification of the source of the content. An account owner posting abusive, harmful content can no longer deny their accountability towards their created content. The content also cannot be deleted owing to the blockchain’s permanence. The consensus mechanism of a blockchain links an account to the created content, in the same way, that a cryptocurrency blockchain keeps track on the history of transactions of an account.
TRON is not slated to have an immediate impact in transforming the way content is published and distributed across various digital platforms on the internet, but it could usher in a drastic change in the rules of censorship that has become a trend across all social media and online content platforms. By emphasizing on direct ownership and liability of created content, TRON could transform digital interaction on every platform. While the existence of trolls, hate-mongers, and plagiarists and cannot be easily annulled, the blockchain network of TRON will manage to keep censorship in check and ensure wider representation for content of all categories. TRON’s visualization for the purpose of content distribution is undeniable as it plans to deploy a feature that could motivate more people to be accountable for the content they create and their own online repute.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…