INTRODUCTION: The Social Media and Blockchain
Social media and Blockchain revolutions and technologies have transformed the world in so many way over the years. The human relations and interconnectedness that have been hitherto hindered by the barriers of centralized traditional national governments and institutions is now more open and connected. This level of relations does not mean that all is well with the existing system. As a matter of facts, the more the level of connection in human relations, the more of social injustice in terms of value distribution.
Inside the social media platform, user generated content made billions of dollars and was normally distributed among the platform's administrators and their shareholders. The company provides a space where users can share their interests and interact with their companions for nothing. Thusly, users will have the capacity to offer their thoughts, messages and responsibility for nothing out of pocket to the system proprietor (corporate). Most users don't know about the prizes related with this and think rewards are just for certain influencers.
As though these injustices are insufficient, the unreasonable dependence on Ad revenue in the current system of social media interaction and distribution additionally give the accompanying shortcoming; Personal Information Leakage and Theft, Advertisement Abuse, Unfairness of Value Distribution to the Content Providers and Participants Irrationality of Value Distribution Revenue of Content Providers.
FORESTING NETWORK
On the bases of above difficulties and bad form, a team of specialists everywhere throughout the globe thought of a thought of making everyone a useful in the current influx of globalization. The out come is a platform called "FORESTING" This article is planned to present The fundamental thought behind The platform. My ensuing article will give more points of interest on PTON ECOSYSTEM, FORESTING SUPERNODE SUPERNET ARCHITECTURE, TECHNICAL CONSIDERATIONS, SECURITY and PROTECT THE PERSONAL INFORMATION of the FORESTING platform.
The FORESTING Network is based on the formation of bitcoin and a rationality shared by Satoshi Nakamoto and John Rawls on an all the more reasonable society. As needs be, the FORESTING Network explains the asymmetry of the information that is pervasive in our general public, seeks after reasonable contracts, circulates them as indicated by their capacity, and shares dynamic commitments with each other.
MAJOR COMPONENTS OF FORESTING
The FORESTING Network comprises three principle parts. These are;
☆FORESTING ☆FORESTING Bank ☆FORESTING Lab
☆FORESTING
'FORESTING' or 'FORESTING Platform' is a blockchain based social media platform that deviates from the distribution system of traditional social media platforms. It provides a reasonable value distribution system for users who are the genuine proprietors of the platform. They deliver content through blockchain technologies and add to platforms in an assortment of forms.
☆FORESTING Bank
FORESTING Bank' is a computerized bank for content makers and keepers alike. At the center of the FORESTING Network is the platform users will's identity given and bolstered by these financial services to make content.
☆FORESTING Lab
'FORESTING Lab' underpins networks and marketing activities other than the platform to actuate the FORESTING Network, particularly the content makers who are the proprietors of the FORESTING Network.
☆MAIN VALUES OF FORESTING NETWORK
The FORESTING Network was made to understand the value of another life in our general public: "Work four hours per day, share regular day to day existence, and deal with your life." The FORESTING Network will achieve a value move of 'labor' in the current society. It will be finished with the blockchain based rewarding social media and imaginative financial services to completely bolster content makers.
》FORESTING Network Value Chain
♢FORESTING: Blockchain based rewarding Social media
♢FORESTING Bank: Financial services for FORESTING Network participants
♢FORESTING Lab: Providing framework and supporting content makers
♢Providing FICO assessment information
♢Financial services
♢Using framework and making better contents
At the core of FORESTING Network's three offices are the FORESTING users. The level of content delivery and platform association by the FORESTING user characterizes the scalability and effect of the FORESTING Network. The beginning stage for the FORESTING Network system originates from the content providers and participants. It is additionally connected with the center value of the FORESTING Network, a reasonable world made by participants.
FORESTING is the platform's revenue chain that enables users to evaluate the content supplier's commitment to offer prizes utilizing a distributed agreement strategy. FORESTING, which will open another world, is a blend of 'Forest' and 'Networking', 'Connecting', and 'Interacting'. FORESTING is the essential social media, a blockchain with monetary opportunity for content providers.
The platform will have the capacity to build the productivity and effect of content providers by empowering them to create new, quicker content than traditional social systems. The platform will make another ecosystem for social media through blockchain innovation and another idea of social media token task.
FORESTING is intended to assemble a system by distributing income however sensible content age and on the appraisal of the users' content. It bolsters a wide range of content, regardless of whether it is text, images, videos, audio, or live broadcasting, and provides a social system based on a content-situated rewarding administration.
☆FORESTING Bank
The motivation behind FORESTING Bank is to help financial services that are required by users with the goal that they can completely center around making the content at the focal point of the FORESTING Network. Users can add to the FORESTING platform through an assortment of activities, including making and giving content, composing remarks, preferring, and sharing. The commitment of users is assessed utilizing another commitment appraisal display introduced by FORESTING Bank.
Users will be furnished with an assortment of financial services relying upon the commitment level on the platform which is based on the level of their associations, the nature of their content, coin securing, and exchanges. Users can enhance their FICO assessments just by taking a shot at social networking destinations, and have an astonishing background with more extensive financial potential.
Users couldn't completely center around content creation previously. Some were ordered an independently employed or needed to endure financial troubles, for example, low income. Financial services from existing banks are based on income, cash exchanges and FICO assessments. Along these lines this platform will prompt better content creation, improve the nature of the content over the FORESTING platform, and eventually prompt an idealistic circle structure that broadens the quick extension and effect of the FORESTING platform.
☆FORESTING Lab
The reason for FORESTING Lab is to give foundations to networks who take part in the FORESTING Network and bolster content makers who need to make content and post on the FORESTING platform.
The FORESTING Lab runs an offline collaborative space for FORESTING users. FORESTING's collaborative space is open to any member in the FORESTING Network and is utilized completely to grow the FORESTING Network and build up the network. This space provides a place for the users at the center of the FORESTING Network to make higher quality content, alongside the gear required, for example, cameras, mouthpieces, lights, speakers, and instruments. Users never again need to surrender being a content maker since they can't manage the cost of the space or hardware to make the content. By doing this, FORESTING will have the capacity to offer top notch content and manufacture a more grounded post-arranging ecosystem.
☆PTON TOKEN
The PTON token will be issued as an aggregate of 24,000,000,000 (24 billion) tokens with ERC-20, with 40 % of the aggregate token set available to be purchased. ICO participants may get the swap through the recorded trade wallet or the FORESTING wallet after the launch of the FORESTING mainnet.
In the part two of my article on FORESTING, more details on The ecosystem, participation and technical infrastructure will be discuss. Before then, you can visit the above links for more information;
Website: https://foresting.io/
Whitepaper: https://forestingnetwork.com/whitepaper/FORESTING_Whitepaper_Eng_Ver.0.92.pdf?ver0.2
Telegram: https://t.me/foresting_global
Instagram: https://www.instagram.com/foresting.io/
Thread: https://bitcointalk.org/index.php?topic=4931943.0
Authored by Solman: https://bitcointalk.org/index.php?action=profile;u=1903032
Public key: 0xCf9da57D7455aFBD22537a533FE86B880436EE54