New Blockchain Based Social Media by Jack Dorsey

Jack Dorsey, known as a supporter of Bitcoin and crypto money, is launching a new blockchain-based social media.

Twitter co-founder and former CEO Jack Dorsey is beta testing a brand new blockchain-based social networking site. A week before Elon Musk took over Twitter, Dorsey announced that he was seeking beta testers for his decentralized social network Bluesky. In a recent statement, Jack Dorsey said:

“Once a network is established, it requires the coordination of many parties, so we will start with the private beta to fix the issues.”

Twitter first launched Bluesky in 2019 to help develop a similar decentralized concept. Bluesky’s main goal is to establish a solid and open standard for public discussions. Bluesky is not currently controlled by any company. Additionally, Dorsey stepped down as Twitter CEO in November 2021, and in the months that followed, Musk offered a takeover for the social network.

Elon Musk took over Twitter on Thursday after a long struggle and promptly fired its CEO, Parag Agrawal, and two other top executives. According to the press release, the new app will use a unified social network known as Authenticated Transfer Protocol (AT Protocol) hosted by multiple sites instead of a single site. While making beta tests, Bluesky will also improve the features of the protocol and provide information about how it works. In a newsletter released this week, the company explained:

“The next step is to start testing the protocol. Distributed protocol development is a challenging process. Once a network is established, it requires the coordination of many parties, so we will start with private beta to troubleshoot issues. As we beta test, we will continue to iterate the protocol features and share details on how it works. When it’s ready, we’ll move into open beta.”