Bitcoin Friendly Jack Dorsey Launches A New Blockchain Based Social Media!

Twitter co-founder and former CEO Jack Dorsey is beta-testing a brand new blockchain-based social networking site.

A week before Elon Musk took over Twitter, Dorsey announced that he was seeking beta testers for his decentralized social network Bluesky.

Blockchain Based Platform Founded By Jack Dorsey Will Not Be Controlled By Any Company

bitcoin His friend Jack Dorsey said in a recent statement:

“Once a network is established, it requires the coordination of many parties, so we will start with the private beta to fix the issues.”

Twitter first launched Bluesky in 2019 to help develop a similar decentralized concept.

Bluesky’s main goal is to establish a solid and open standard for public discussion. Bluesky is not currently controlled by any company.

Additionally, Dorsey stepped down as Twitter CEO in November 2021, and in the months that followed, Musk offered a takeover for the social network.

Elon Musk took over Twitter on Thursday after a protracted struggle and promptly fired CEO Parag Agrawal and two other top executives.

According to the press release, the new app will use a unified social network known as Authenticated Transfer Protocol (AT Protocol) hosted by multiple sites instead of a single site.

While making beta tests, Bluesky will also improve the features of the protocol and provide information about how it works.

In a newsletter released this week, the company explained:

“The next step is to start testing the protocol. Distributed protocol development is a challenging process. Once a network is established it requires the coordination of many parties so we will start with the private beta to fix the issues.

As we beta test, we’ll continue to iterate on the protocol features and share details on how it works. When it’s ready, we’ll move into open beta.”

*Not investment advice.