Monday, January 18, 2021
  • Contact Us
  • Privacy Policy
FIND CRYPTO NEWS
Advertisement
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
No Result
View All Result
Home Crypto News

Sia Network (SC) Blockchain Facilitated Skynet taking control away from Big Tech

November 27, 2020
in Crypto News
2 min read
Sia Network (SC) Blockchain Facilitated Skynet taking control away from Big Tech
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

You might also like

Aave Cryptocurrency Interest Income with Liquidity Protocol

VeChain (VET) Offering Fee-Delegation as a Service to Improve Mass Cryptocurrency Adoption

Monero (XMR) Claims to be Sound Money in Safe Mode with a Different Equation for Cryptocurrency

Sia Network facilitated Skynet has lot of benefits to the end user.  Now, DeFi applications can be further secured by making use of Skynet.

Decentralized storage on the Skynet open protocol permits decentralized hosting of applications and data.  The cloud storage facilitated by Skynet is that which does not rely on any single entity.  The single-point-of-failure is removed from the equation and therefore decentralized systems are becoming more robust, secure, and censorship-resistant. Therefore good for use.

With Skynet, users need not any longer worry about losing their data or getting locked out of service. Further, the complexity in using the blockchain technologies, like having to use a full node and having to deal with buying and using cryptocurrency is done away with.

To begin using Skynet, the users can begin accessing a public web portal, get a Sky Link and download a file from any portal.

The future of Skynet is bright because developers are working hard to improve and innovate to the extent that the current technology will soon appear to be like the technology of the Stone Age.

David Vorick, Skynet Lead Developer tweeted:  “With the Skynet SDK, it is now easier to build a decentralized alternative to Dropbox than it is to build a centralized alternative to Dropbox.”

A prediction states that within three years, a large chunk of social media traffic will be carried by decentralized networks over which Big Tech exercises no control. They will have to play by the rules of such networks or be left in the dust.

Those who agree to the proposition have to state that Big Tech and the leading social media platforms are going out of their way to alienate at least half their user base (and more), the demand for alternative modes of communication which protect free speech should be great.

However, there are alternative thinkers who feel that Big Tech or some other powerful interest would spend significant resources to co-opt control of it. Further pointing to how the internet was not free for long before it became controlled.

In this regard, Sydney Ifergan, the crypto expert tweeted:  “it is true as the Sia Network (SC – Siacoin) Community feels, social media decentralization will kick in soon.”

Sia Network (SC) New forms of Control

It is true that Sia Network and similar projects are seeking to make everything decentralized, but it cannot be denied that there will not be new forms of control over users.  Just like decentralization comes with innovation, there might also be innovation to expert control.


If you like the article, feel free to send a tip to our writers in SIA Coins (SC) to: bca9f2f70afe444cc5ea46cf898a2e09188ffb34dbb8575021dbc7138a9ed482fc2b6cc4c255 or any other Cryptos via this link.

Credit: Source link

Previous Post

Ripple (XRP) Price Bringing Hope After 3 Years of Dip Will the Bull Flags Last Long?

Next Post

Bitcoin Expects to Fall by Another $3,000, Asserts Veteran Trader

Related Posts

Aave Cryptocurrency Interest Income with Liquidity Protocol
Crypto News

Aave Cryptocurrency Interest Income with Liquidity Protocol

January 18, 2021
Crypto News

VeChain (VET) Offering Fee-Delegation as a Service to Improve Mass Cryptocurrency Adoption

January 18, 2021
Monero (XMR) Claims to be Sound Money in Safe Mode with a Different Equation for Cryptocurrency
Crypto News

Monero (XMR) Claims to be Sound Money in Safe Mode with a Different Equation for Cryptocurrency

January 18, 2021
USD Coin (USDC) Tricking Latency and Improving User Experience with Gasless Spends
Crypto News

USD Coin (USDC) Tricking Latency and Improving User Experience with Gasless Spends

January 17, 2021
Stellar Lumens (XLM) Becoming a Significant Player Considered by Governments and Regulators
Crypto News

Stellar Lumens (XLM) Becoming a Significant Player Considered by Governments and Regulators

January 17, 2021
Next Post
Bitcoin Expects to Fall by Another $3,000, Asserts Veteran Trader

Bitcoin Expects to Fall by Another $3,000, Asserts Veteran Trader

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Ethereum Unable to Build Strength on Market Surge — Price Analysis

Ethereum Unable to Build Strength on Market Surge — Price Analysis

March 20, 2020
SBI FX Trade Lists Bitcoin, Ether, and XRP CFDs

New DeFi Token Enjoys 1,100% Surge After Receiving Attention From Ethereum Creator Vitalik Buterin

September 16, 2020

Don't miss it

Bitcoin’s Price Could Be Ready for ‘Explosive Move Upwards’, Indicator Suggests
Regulation

Record $3.7 Billion in Bitcoin Options Set to Expire After Open Interest Surpasses $9 Billion

January 18, 2021
Bitcoin Funding Rates Soar as Consolidation Persists; Long-Squeeze Imminent?
Bitcoin

Bitcoin Funding Rates Soar as Consolidation Persists; Long-Squeeze Imminent?

January 18, 2021
Institutional Investment May Be Behind Boom in Bitcoin Whale Wallets
Analysis

Institutional Investment May Be Behind Boom in Bitcoin Whale Wallets

January 18, 2021
Aave Cryptocurrency Interest Income with Liquidity Protocol
Crypto News

Aave Cryptocurrency Interest Income with Liquidity Protocol

January 18, 2021
Crypto News

VeChain (VET) Offering Fee-Delegation as a Service to Improve Mass Cryptocurrency Adoption

January 18, 2021
Monero (XMR) Claims to be Sound Money in Safe Mode with a Different Equation for Cryptocurrency
Crypto News

Monero (XMR) Claims to be Sound Money in Safe Mode with a Different Equation for Cryptocurrency

January 18, 2021
FindCryptoNews.com

FindCryptoNews is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!

Recent News

Bitcoin’s Price Could Be Ready for ‘Explosive Move Upwards’, Indicator Suggests

Record $3.7 Billion in Bitcoin Options Set to Expire After Open Interest Surpasses $9 Billion

January 18, 2021
Bitcoin Funding Rates Soar as Consolidation Persists; Long-Squeeze Imminent?

Bitcoin Funding Rates Soar as Consolidation Persists; Long-Squeeze Imminent?

January 18, 2021

Subscribe Now

Loading

© 2020 FindCryptoNews.com - All rights reserved!

No Result
View All Result
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading

© 2020 FindCryptoNews.com - All rights reserved!

  • bitcoinBitcoin(BTC)$36,366.00-0.65%
  • ethereumEthereum(ETH)$1,236.91-1.96%
  • tetherTether(USDT)$1.000.23%
  • rippleXRP(XRP)$0.2828460.86%
  • cardanoCardano(ADA)$0.371344-3.70%
  • litecoinLitecoin(LTC)$149.482.91%
  • bitcoin-cashBitcoin Cash(BCH)$493.681.28%
  • stellarStellar(XLM)$0.300775-1.34%
  • moneroMonero(XMR)$155.94-4.52%
  • eosEOS(EOS)$2.79-0.10%
  • tronTRON(TRX)$0.0313822.95%
  • nemNEM(XEM)$0.2300412.90%
  • neoNEO(NEO)$27.6315.91%
  • iotaIOTA(MIOTA)$0.4720577.59%
  • dashDash(DASH)$129.893.40%
  • ethereum-classicEthereum Classic(ETC)$7.62-1.21%