Decentralised Twitter: Hit or miss? Ethereum co-founder Vitalik Buterin supports the platform
Twitter is one of the most popular social media platforms and now, there will be a decentralised twitter available. The new social platform is known as Peepeth uses blockchain on their social media project. Ethereum co-founder Vitalik Buterin had previously posted about Ethereum scambots on Twitter likes the new platform.
Buterin admires the new social platform and took time out to test out Peepeth for the creators on July 21. The clean user interface and “opinionated features” interests him. Moreover, it gives users the choice to connect with Twitter to both “peep” and “tweet” at the same time, BitcoinExchangeGuide reported.
Issues related to decentralised twitter
Vitalik followers had mixed reaction to the announcement of decentralised social media platform. With some even pointing out issues related to it. The main complaint was that the data processing procedure, which would send the transaction to Ethereum main chain anytime a Peep or other information is posted to Peepeth. All information are processed in this way.
Peter McCormack, the host of the “What Bitcoin Did” podcast pointed out, “I didn’t mind the idea of paying a nominal fee to create the account, I found that interesting but posting everything to an immutable blockchain. No thanks.” McCormack believes that the process is a bit complicated. Mainly because users will have to spend gas and process a transaction to the main chain for every single interaction.
With similar opinion Fintech researcher Murat Akdeniz said, “We shouldn’t ask technical decision making from users. Ideally users should be able to use products without even having to know what a blockchain is.”
Is there any solution to the issues?
Some protocols based on Ethereum such as 0x use off-chain mechanisms to collect transactions and data requests before sending to Ethereum main chain. Off-chain mechanisms are good because there isn’t much clutter on the network. Utilizing a hybrid on-chain and off-chain mechanism for both the developers and users can reduce congestion on Ethereum. An open source blockchain that acts as a distributed computing platform and operating system, allowing decentralized applications and smart contracts can be executed.
On Peepeth (in its current form), users need to send gas for every posted action through the Ethereum network. It is impractical and also result is a lack of efficiency – every dApp falls victim to on the Ethereum blockchain. Unfortunately, the blockchain cannot keep up with the required processing speeds. It might be great for P2P ecosystem which doesn’t need to be decentralized, but apps with a centralized platform will find no advantage using it.
Peepeth could only be useful for these entities is as a way to get around the blocks put in place by various countries with their social media platforms. It could help in gaining traction in these areas, especially China, where Facebook, Google, and YouTube is banned to maintain their dominance.
Image via Shutterstock
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