What is the Global Social Chain? Global Social Chain (GSC) is the first blockchain-based social network that aims to reach millions of users. cryptocoin.com In this article, we answered questions such as what is Global Social Chain, what it offers, what is GSC, what it does, how to get it. Let’s examine together this project, which aims to destroy central social networks.
What is the Global Social Chain?
With the rapid development of blockchain technology, more and more entrepreneurs are entering the field. Global Social Chain is a social network-focused Blockchain platform that claims to appeal to these entrepreneurs. The platform aims to demolish old social networking platforms such as Facebook and Twitter. Central social networks such as Facebook work as both ‘administrator’ and ‘referee’ at the same time. This undermines the reliability of the mentioned networks. GSC aims to solve this problem with a decentralized and transparent platform built on Blockchain.
GSC’s vision is to restructure the values of the next generation social networking platforms. For this, the network leaves the security of private data to the individual with Blockchain technology. Users provide the security of both their private data and digital assets themselves. However, there are a number of other issues that the platform focuses on. Released in 2018, Global Social Chain solves these problems by using its native cryptocurrency.
What does the Global Social Chain offer?
Users can exist on social media, interact and share with other users through the Global Social Chain platform. In addition, these users can enjoy browsing securely in a decentralized and Blockchain-based network. With its above mentioned features, GSC solves a number of problems existing in existing social networks. These problems include:
- To protect the security of users’ personal information and prevent this information from being tampered with,
- Reconfigures the user’s digital asset ownership. Thus, it prevents the platform from collecting and misusing users’ private information,
- It has incentives based on how content is produced, expanded and distributed to create a value-driven social network. As a result, user-generated content can be a source of income.
- It establishes a fair social user credit evaluation system. Thus, it creates a friendly and healthy social environment and increases productivity.
What is GSC? What does it do?
GSC is the native cryptocurrency of the Global Social Chain network. This cryptocurrency, which has various use cases within the platform, is built on the Ethereum Blockchain with the ERC-20 smart contract. Users receive incentives within the social network with the GSC token and contribute to the ecosystem. Accordingly, the cryptocurrency acts as a reward token for the decentralized social network. Users give and receive tips from other content creators with this token. Thus, they earn income.
What is the Global Social Chain? How to get GSC?
The website of the Global Social Chain platform is currently out of reach. Therefore, there is a high probability that the platform is closed. However, there are also a number of cryptocurrency exchanges available to users who still want to invest in GSC. GSC is currently traded on Indodax and Digital Exchange. Interested investors can access these exchanges.