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Bitcoin-based social network allows you to earn money with your publications




Key facts:
  • Zion is available on iOS and for Android it will be in October of this year.

  • The social network uses LND, an open source Lightning implementation.

Zion is the name of the new decentralized social network, based on the Bitcoin Lightning network, which allows, among other things, the creation and sharing of content. It does not store personal data and even users will be able to send and receive payments in the leading cryptocurrency.

“By replacing digital intermediaries with transparent open source protocols, Zion circumvents corporate profit motives and grants each user total sovereignty over their entire digital experience, absolute freedom of expression and irrevocable custody of their personal information”, they explain in their website.

According to Zion, users have the ability to reward content creators directly with bitcoin through Lightning. The social network allows users send and receive payments instantly through your own non-custodial wallet.

Zion will allow users to receive and pay in bitcoin for videos, memes, comments, and photos. Source: Zion.

Imagine getting paid for that perfect meme or hilarious comment on your friend’s post. Turn your comments into cash. Turn your brilliance into bitcoin. Turn your sarcasm into satoshis ”, they say from Zion.




Zion explains that messages are “essentially pieces of content overlaid” on Lightning transactions, ensuring that conversations “are untraceable and end-to-end encrypted.” Every message involves sending 3 satoshis (sats) which are then returned to the user, hence the cost is 0.

Your node, your access to Zion

To enjoy the social network, users must use nodes for the Lightning network of Bitcoin. Zion uses the Lightning Network Daemon (LND), an open source Lightning implementation created by software developer Lightning Labs.

exist two ways for people to connect to the social network. One of them is renting a node, however, this option is not available because the nodes are sold out, after an “overwhelming response” from the public, according to Zion. The rent of each node had a cost of USD 9; so far they have 367 active nodes.

The second option is to configure your own LND node with the relay software. The nodes also include a “preconfigured channel” that allows you to use LND immediately and thus access the application in the same way as any other social network.

“Our nodes are self-custodial. They also allow you to be hassle free as we take care of the headaches of node management. We will deal with things like backups, networks and version updates for you, “Zion creator Justin Rezvani reported to the specialized medium, Bitcoin Magazine.

How does Zion earn income?

The social network Zion, at do not collect user data and do not use advertisements, it does not earn income like the rest of the social networks do.

At Zion, there are no ads, no affiliate marketers, and no creepy following, so you can focus on sharing the moments you create. Go online and get paid without annoying ads or creepy pixels that follow your every move. Without algorithms, our goal is not to keep it on the site to manipulate it. Our goal is for you to see the content you want. Without guardianship. No algorithms. Only the content to which you subscribe, in chronological order ”.

Zion social network.

The company has two revenue models. The first is the hosting of the nodes and the second is the network routing fees, that is, a commission for facilitating payments between users through Lightning.

In this regard, Rezvani made it clear that each user “has full control of their funds, since they are the ones who manage the private keys. They are running their own nodes and have full custody of their bitcoins. Whoever controls your private keys controls the nodes ”.

For now, Zion can only be used through a mobile app on iOS. They plan to launch the app for Android in October 2021 and for desktop at the end of the fourth quarter of 2021.

Privacy and censorship resistance features

One of the features that Zion claims to have is privacy, since only the people you want can see the content or read the messages. The company does not have access to any of them by relying on the crypto of the Lightning network.

Another advantage that the social network claims to have is that it guarantees freedom of expression. Imagine creating, connecting and sharing without censorship. Imagine saying what you want without being forbidden or, worse still, forbidden, but in the shadows, ”adds Zion.

Bitcoin Lightning Network Expansion

On numerous occasions, CriptoNoticias reported on the versatility of the Bitcoin Lightning network in different areas.

For example, a new naming protocol was recently reported The Lightning Address, which allows generating a human-readable personalized address to receive bitcoins through this network of payment channels.

The advantage of this application is that it allows users greater privacy, since behind a custom-made username, humanly readable and accessible through the Internet,the user’s wallet is found, without revealing their transaction history.




TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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