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Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":251,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Decentralized Social Media?","slug":"what-is-decentralized-social-media","section":"D","keyword":"Decentralized Social Media","status":"published","definition":"is a platform driven by distributed ledger technologies such as blockchain or DAG.","content":"<p>As a result of decentralized social media being supported by distributed ledger technologies, unlike centralized networks like Instagram, Facebook, and Twitter, events on these platforms are permanently logged on a decentralized system that <strong>no centralized government can manage or monitor.</strong></p>\n<p><strong>Subsocial, Uptrend, and Steem</strong> are a few examples of decentralized social media platforms. Even though these platforms seem to have great potential, they still need a lot of adjustments and improvements before blockchain-based social media platforms can become widely adopted and equal to centralized ones.</p>\n<p>Traditional social media platforms, on the other hand, govern both user postings and the information they see. This is because these networks are more concerned about income. As a result, they ensure that consumers see advertising material while still providing them with <strong>entertainment and information.</strong></p>\n<p>Nonetheless, decentralized social media platforms allow users to interact in their preferred manner without restriction because developers often simply supply basic guidelines, leaving the rest to a dispersed community of users.</p>\n<p>Besides that, decentralized social media networks avoid one of the most severe problems with centralized social networks - the unapproved selling of user information. Additionally, by leveraging cryptographic techniques, distributed ledger technology improves user privacy and information protection.</p>\n<p>Even though promises were made, decentralized social media has its drawbacks. One of these is <strong>an absence of supervision</strong>, which may lead to more people uploading misleading or harmful material with no method of removing it.</p>\n<p>There is also the possibility of a&nbsp;<strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-51-attack/">51% attack</a></strong>. This is when a fraudster can potentially get possession of 51% of a network's capacity, permitting them to change information as they choose, thus compromising the system's stability.</p>","level":"easy","meta_title":"What is Decentralized Social Media? Definition & Meaning | Crypto Wiki","meta_description":"Decentralized Social Media meaning: Decentralized Social Media - is a platform driven by distributed ledger technologies such as blockchain or DAG.","meta_keywords":null,"language":"en","created_at":"2022-03-02T14:48:06.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-decentralized-social-media"},"prevSection":{"id":249,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Decentralized Network?","slug":"what-is-decentralized-network","section":"D","keyword":"Decentralized Network","status":"published","definition":"consists of multiple protocols diffused throughout several computer devices or nodes.","content":"<p>Each one of the separate devices works as a central unit that engages with other nodes on its own. <strong>As a consequence, even if one or a few master nodes break down or get manipulated, other servers remain working and provide information access to users with zero disruption.</strong></p>\n<p>Recent technical advancements have provided computers and other devices with tremendous computing capacity that can be synchronized and utilized for distributed processing. In a distributed structure, every computer contains a recent replica of the information available. Rather than relying on one central server, a decentralized network divides <strong>data-processing jobs</strong> across multiple devices.</p>\n<p>Decentralization may also assist with resource allocation control, guaranteeing that end-to-end services are supplied with more efficacy and reliability, and with a lower risk of significant failure.</p>\n<p>Moreover, because data does not travel via a specific point but rather through a number of separate sites, a decentralized network topology provides improved <strong>anonymity</strong> to end-users, making network tracing considerably more challenging.</p>\n<p>To specify, a blockchain is also referred to as <strong>a distributed ledger system</strong> that enables nodes to keep information and let transactions travel through it. They are required to come to an agreement about the information material for the network to operate.</p>\n<p>These networks have several benefits, including increased system reliability, privacy, and simplicity of use. One of the most obvious benefits of decentralized network management is that there is <strong>no actual weak point</strong> since independent users' workstations do not rely on a single central server to administer all services.</p>\n<p>Besides, they are easier to establish because new computers can be added to increase computational power.</p>\n<p>A disadvantage, on the other hand, is these kinds of networks have high maintenance costs as a result of their complicated and multi-dimensional structure. This is why they are very difficult to develop and administer.</p>\n<p>Decentralized networks require several computers that have to be up to date and adjusted to match the latest functionality and privacy measurements, as opposed to one main server or a bundle of servers. <strong>In addition, decentralized machines might be less effective in terms of responsiveness and energy consumption.</strong></p>\n<p>Because information must periodically travel through intricate channels from one system to another, it will take longer to settle. Also, since&nbsp;nodes operate autonomously and might not connect with one another,<strong> larger companies</strong> might have coordination issues and struggle to direct and complete collective activities.</p>","level":"medium","meta_title":"What is Decentralized Network? Definition & Meaning | Crypto Wiki","meta_description":"Decentralized Network meaning: Decentralized Network - consists of multiple protocols diffused throughout several computer devices or nodes.","meta_keywords":null,"language":"en","created_at":"2022-03-02T14:27:44.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-decentralized-network"},"currentChapter":"D","currentSection":"what-is-decentralized-payment-network","chapterTitle":"D","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-decentralized-payment-network","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">