TTC Protocol - A brand new social networking experience
Finally, there will a social media platform which will pay to its users for their contribution. This social media platform will be rewarding its users for generating, distributing, and interacting with other users and for their content. In recent years due to fast and seamless internet access over the mobile, people started spending lot of time on social media sites. they have adapted to the rapid development of mobile communication technology by finding new ways to share their lives, interact with one another, and form communities. Social networks are no longer simply technological phenomena. Major social media platforms have fundamentally changed the way users express identity, communicate ideas, and develop relationships. But these social medial platforms are based on centralized platform and focusing on earning money for its stake holders only. The platform wields control over content distribution. It is the platform that benefits from advertising. I have not seen any social media platform passing the benefits to the contributors or users.
The TTC protocol decide to change this approach towards social networking, they have created decentralized platform for the next generation of social platforms. The TTC Protocol provides a brand new social networking experience; the platform is completely decentralized. This gives participating individuals a highly rewarding and dynamic user experience. Unlike centralized platform which have control over the content distribution, a decentralized system, users decide which content is worth seeing, and the benefit or the profits from advertising go directly to users.
With blockchain-based cryptocurrency, the TTC Protocol will also offer cryptocurrency incentives via a token called TTC. Social network users are rewarded for generating, distributing, and interacting with other users and their content. the TTC
Protocol itself is led by each end user. As the number of end users grows, the TTC Protocol becomes more valuable, and the commercial value of the TTC token also increases.
Why TTC chosen this blockchain technology? Because, there are several ways in which blockchain technology can be naturally applied to social networks. For a social network to develop, participating users must be able to interact easily. Each user on the platform functions as a node in the network. As the frequency and the probability at which users interact increase, the density of nodes increases. This is highly compatible with blockchains.
Practically, a blockchain is a digital ledger that is used to record transactions across multiple parties. It is decentralized, distributed, and public, and because the record cannot be altered retroactively without the alteration of all subsequent information in collusion with the entire network, blockchain technology is secure by design. This makes blockchains suitable for keeping track of events, medical information, financial transactions, and other types of record keeping.
The ecosystem of the TTC Protocol –
Developers of the open platform TTC Protocol also share the benefits of a decentralized and token-incentivized social network. Any developer can create his or her own blockchain DAPP and promote it on the TTC Protocol. To foster a unified and solid ecosystem, all DAPPs will be accessible with a single user account and wallet.
The first decentralized application(DAPP) on the open platform TTC Protocol will be tataUFO, a social network service with more than 10 million total users. tataUFO is committed to breaking the conventional bottleneck of social networks, decentralizing content distribution, and returning value to individual users through a blockchain-driven tokenized incentive mechanism.
The TTC protocol recently bought ALIVE which is a video editing and sharing platform. You can also share your video story across social platforms and enjoy communicating with others’ live moments. After launched in 2014, Alive has acquired more than 10 million users in countries of the USA, UK, China, Russia, Brazil, Indonesia and so forth.
This is just a start, and I am sure there will be many more such DAPPs available at the TTC protocol. This platform will be very popular as its giving back the benefits to users. So, I think from now onwards no one will say stop wasting time on social media sites.
Follow TTC Protocol -
Website: https://www.ttc.eco/
Twitter: http://www.twitter.com/ttceco
Medium blog: https://medium.com/ttc-official-blog
Facebook Page: http://www.facebook.com/ttceco
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The Alive news was really a huge boost for the project.
I do agree with you, the new acquisition is really a booster and the community is so hyped about it, i believe more goodies will soon come up
Yep i think more dAPPs especially massive ones like ALIVE will bring them a solid bit of attention which should work out well for investors
I think that is a good point attracting investors. But I also think that they should generate traction to increase the user base for ALIVE
Yeah, I read from the article they already have 10 thousand user in some well developed countries.
10 thousand users is quit a huge number, I think is just a matter of time and they acquire more users.
Exactly, Seems to be airdrop is not completed and they received 10000 user's in just few months which is excellent growth.
The figure is a reflection of the things to come later on.
It really does, I'm of the believe we're seeing just the tip of what TTC intends to offer.
well we expect more development from the part of the team, they have cool concept hopefully they will get more users
Doesnt Alive have a user base of 22 million users? That's what I thought by acquiring the multi-DAPP protocol that it took the TTC Protocol to 22 million
Yea, you can say that again and i'm really interested to see where this is heading
Yeah man I couldn't believe that.. It's going to be like their own version of instagram haha
It's a clever move really. It's already an active platform, has a decent user base and being like instagram, new users can relate to what to do etc
"Finally, there will a social media platform which will pay to its users for their contribution" yeah this is gonna be there greatest selling point, i love everything about the project
The TTC token is a great incentive to encourage user activity on the platform.
I love the fact that the more active you are, the better rewards that you get, pretty cool concept!
Yes, and the fact that higher quality posts receive better rewards which encourages users to post stuff that is worthwhile reading.
This is a good valid point, hopefully this will increase the chances of good informative content!
Logically it must. The blockchain systems are unchangeable and incorruptible so the only way to get bigger rewards is to make the best content.
The purchase move is important to get wider audience and get more exposure.
Getting paid for engagement is the future, steemit does something like this but it's not totally decentralized as TTC planned to be
Not to mention it's reach is much smaller TTC with only their first 2 dapps is over 20 million reach which is HUGE compared to steemit
Nice article.. I am impressed with the 2 DAPPs they have acquired recently. TataUFO and ALIVE ALIVE are big social media platform in which the ttc protocol will be suitable for.
This is big win for them especially as it increases their user bases and increases their token value and use cases as well
Win Win!!! Good to see as the user increases, so does the token value!
The two DAPPS already given them userbase of 20 million plus. I hope TTC will continuously grow in future
Thanks for this detailed description of the TTC project. As simple as the concept is to understand, the background is much more complicated and thanks to you these were now a bit more understandable
Yep it's really good to see how they are progressing so quickly, and their not getting small dAPP attention their getting HUGE attention from BIG Groups
Really well explained in this article. I am expecting there will be many more DAPPs available at the TTC protocol soon.
We expect more DAPPs coming to request joining the ttc protocol as it will bring in more user base to them.