Calay News
Meta, formerly known as Facebook, is reportedly working on a new decentralized social network as an alternative to Twitter, code-named P92. The new platform will use blockchain technology to allow users to own their data and content, unlike centralized social media platforms.
According to sources, P92 will be text-based and allow users to create profiles, post updates, and follow others. The platform will be interoperable with Mastodon, an open-source, decentralized social network that allows users to create their own communities.
Meta has not officially confirmed the development of P92, but the company has been exploring the potential of blockchain technology for years. In 2019, Facebook announced its plans to launch a cryptocurrency called Libra, which was later rebranded as Diem. However, the project faced regulatory hurdles and was put on hold.
The move towards decentralization comes amid growing concerns about privacy and data ownership on social media platforms. With a decentralized platform, users have more control over their data, and content cannot be censored by a central authority.
P92 is not the only decentralized social network being developed. Mastodon, as mentioned earlier, has gained popularity in recent years, and other platforms like Diaspora and Scuttlebutt have also gained traction.
While P92 is still in development, it remains to be seen how it will differentiate itself from existing decentralized social networks and whether it will be able to attract users away from established platforms like Twitter. However, the move towards decentralization and blockchain technology is a promising development for those concerned about privacy and data ownership in the digital age.
Meta’s move towards decentralization with P92 is an exciting development in the world of social media. If successful, P92 could provide a decentralized and open alternative to traditional social media platforms, offering users greater control over their data and content.
