BLOCKCHAIN WITH CRYPTOCURRENCY









Abstract

Communication in the modern day is obsolete. User privacy is routinely violated as service providers sell behavioral data to advertisers, and content is restricted to a single platform. Centralized communication platforms built on private servers are only as secure as their weakest defense, user privacy is routinely violated as service providers sell behavioral data to advertisers, and content is restricted to a single platform. With the suggested social media platform, an open-source project for communication platforms to reap the benefits of decentralized blockchain technology at little cost, we want to address these difficulties in the communication business. Any existing or future communication platform that integrates this platform will theoretically be able to exchange content across previously isolated privatized applications, increase user privacy by developing monetization strategies that aren't based on their behavior data, use tokens to encourage user participation, and provide stronger network security than a private system. Blockchain (BC), the technology behind the Bitcoin crypto-currency system, is considered as both appealing and vital for improving security and (in certain implementations, non- traceable) privacy across a broad range of other applications. Extensive research is now being conducted in both academia and business to utilize Blockchain technology in a range of applications. Blockchain records users' identities via a changeable Public Key (PK), which adds an extra degree of secrecy. Blockchain has been successfully used not only in cryptocurrencies, but also in a variety of non-monetary systems such as distributed storage systems, proof-of-location, healthcare, decentralized voting, and so on. This paper proposes a new technique for a decentralized peer-to-peer (in terms of tipping the postings) web posting application based on cryptocurrency and blockchain technology to reduce user infringement and to provide a mechanism for curation of posts by inclusion of Ethereum network as mode of tipping. The proposed paper includes the utilization of Ganache, an Ethereum cryptocurrency blockchain similar to Bitcoin, to power a decentralized text-posting platform cum marketplace which could be utilized within an organization or among a group of people as a means to communicate or to perform an effective exchange of Ethereum cryptocurrency.


Modules


Algorithms


Software And Hardware