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TRON (TRX) Plans to Combat Internet Censorship

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Internet Censorship
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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.

Conclusion

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.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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.

Image courtesy of Pierre-Selim via Flickr

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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DEXes
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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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crypto billionaire
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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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TokenRoll
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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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