The social networking service could adopt a system similar to that of the cryptocurrency in the future. According to the executive, users are assuming a new role in the digital field.
For years, Twitter CEO Jack Dorsey has praised Bitcoin technology and everything behind it. In recent days, the executive highlighted that the decentralized system of the first cryptocurrency could provide security to the social networking service.
Among the programmer’s projects is the construction of a new decentralized protocol. The idea is that Twitter runs it as a client so that users “have a larger conversation, anyone has access and anyone can contribute.”
The entrepreneur considers that Twitter is no longer in the business of hosting content (tweets) or images. Dorsey is seeking a new way to share information through blockchains on which the content “exists forever” in each node connected to the network.
“Bitcoin aims at a world where content will be permanent (…) Right now, we are not in that situation, but we are working to achieve it. You can see that in the work of Bitcoin and blockchains, which gives me a lot of hope and a lot of peace of mind,” said the CEO of Square.
Twitter would improve in various aspects, including security, if it operated under a decentralized protocol, said the developer. Dorsey believes that these types of distributed systems can be useful when fighting threats on the platform. Likewise, he believes that they will help improve user identification and make it easier for participants to contribute to a public blockchain.
Dorsey said that many new technologies already offer those advantages, and made special reference to the spirit of Bitcoin. He added that those technologies will provide new capabilities to provide more peace of mind to the company, as well as to the people who use that service.
Blockchains, Twitter, and Bitcoin
Last December, Dorsey announced that Twitter would fund a task force to develop a new decentralized standard. With this, they aim at the creation of a shared protocol so that the social network works on it and not in a centralized way.
The programmer noted that they are still seeking a leader for the project and five engineers, among others, to “start building Twitter as a protocol.” He said that, at the moment, it does not seem to be a company but rather a movement. In other words, he feels as though it is a kind of technology with which it is possible to build anything.
According to Dorsey, Twitter could generate “healthier” public conversations and help people understand what is happening in the world. For all this process to take place, it would resort to the use of a public blockchain.
He said that there would be something really powerful about being able to do that. He considers that this would respond to the power and original intention of the Internet.
Dorsey has previously spoken about the strengths of blockchain technology and everything that relates to Bitcoin as a digital system. In August 2017, the executive considered distributed ledger networks to be “the next big innovation” in technology.
A year later, Dorsey assured the US Congress that he considered using blockchains as a solution to fraudulent practices on his network. With this, it is possible to see that Bitcoin and blockchain technology is very useful in the development of tools that help guarantee the safety of users.
By Alexander Salazar
