Bitsocial (BSO) — price, overview & secure storage

What is Bitsocial and who created it?

PLEB is the official token of Plebbit, a serverless, adminless, decentralized reddit alternative. It is designed to operate without transaction fees, allowing users to engage in various activities within the platform. PLEB holders have the ability to upvote or downvote communities, influencing their visibility on the app's homepage. Additionally, the token is essential for submitting DAO proposals and can be used for tipping, awards, and accessing other perks within the applications.

Key features of Bitsocial blockchain

Plebbit is a unique decentralized and scalable social networking protocol that empowers users to create and fully own their communities. The protocol is entirely open source, enabling integration with any forum interface built on top of it. Each community functions like a server, with the community owner having the autonomy to decide on moderation policies, as there are no central administrators. To mitigate spam, community owners can implement various user challenges, such as captchas.

How Bitsocial transactions work

Plebbit distinguishes itself from federated social media by offering absolute free speech. It operates on a pure peer-to-peer model, allowing users to connect directly to communities by knowing their addresses. Users maintain full ownership of their data, ensuring no instance or relay has the power to censor users or communities. Unlike blockchain-based social media, Plebbit is scalable to millions of users. Users can become full nodes with about 2GB of RAM by browsing with the desktop app, which uses IPFS to automatically seed all communities from which they download content. All content is text-only, including links for media. Plebbit represents the next evolution of web3 social media, ensuring that the voices of the plebs are no longer silenced.