Meta Platfform explores creating a new decentralized social network.

The new project of Mark Zuckerberg’s company seeks to become an alternative to Twitter.

Meta Platforms Inc, the owner of Facebook, announced this week that it plans to soon launch a new standalone decentralized social network, which will allow sharing text updates just like Twitter, reported.

A company spokesperson quoted by the Indian business news site confirmed the information, clearing up speculation about the project. The company sees this as an “opportunity” for both creators and public figures to share updates related to their tastes and interests.

Unlike Facebook and Twitter, which are centralized platforms overseen by the company itself, the new decentralized social network would be managed by volunteer users, who would join together to form a federation of applications linked to their respective networks.

A more secure social network for storing data

Decentralized social networks are a very special type of decentralized applications (DApps). They are powered by smart contracts that are deployed on the blockchain. Using contract code, the backend of these applications is established by defining their business logic.

The backend is a corporate system that supports “Back Office” applications and is used to run a website or company. This system collects information from users and allows the correct functioning of the site when processing orders or supplies, for example.

The main advantages of decentralized applications over centralized ones are that they are more secure, less vulnerable and based on free software. In addition to the differences in the backend, DApps offer greater security for data storage.

Meta’s new content application seeks to compete with Twitter, said. It further explained that the networking platform would be compatible with ActivityPub, the decentralized code network protocol used by Mastodon, the German microblogging competitor, and other applications.

Citing sources, the website noted that the developer of the project, codenamed P92, is Instagram CEO Adam Mosseri. Instagram users would be able to access the app directly using their login details.

Santiago Contreras is a Venezuelan professional journalist and writer. He has a degree in economic journalism from the Universidad de los Andes and a master's degree in Communication in Organizations from the Complutense University of Madrid. He regularly writes on various topics, including economics, finance, and cryptocurrency, for various international media outlets.

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