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Home»Cryptocurrency & Free Speech Finance»Blockchain Messaging Adoption Rising in Line With Global Unrest
Cryptocurrency & Free Speech Finance

Blockchain Messaging Adoption Rising in Line With Global Unrest

News RoomBy News Room2 hours agoNo Comments3 Mins Read1,490 Views
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Blockchain Messaging Adoption Rising in Line With Global Unrest
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Decentralized, blockchain-based messaging and social media apps saw a surge of interest over the last year amid civil unrest and communication blackouts in the Middle East, Asia and Africa. 

Search interest in decentralized social media has grown 145% over the last five years, according to Exploding Topics, while decentralized peer-to-peer messaging service Bitchat saw a spike in downloads during protests in Madagascar, Uganda, Nepal, Indonesia and Iran in recent months.

Search interest in decentralized social media has spiked in the last five years. Source: Exploding Topics

“I think people are starting to trust open protocols more than they trust closed companies,” Shane Mac, the CEO of XMTP Labs, told Cointelegraph in a recent interview.  

XMTP Labs is a startup focused on building decentralized communication technology. Mac said that unrest around the world is pushing people to explore decentralized messaging options and think more about privacy.

WhatsApp, the messaging app owned by social media giant Meta, said in February that Russia had moved forward with its block on the app, making it inaccessible without a VPN or similar workaround.

“The last 15 years have been centralized, and the next 15 are going to decentralize. When you see an entire country shut down single apps, it tells you that there has to be a new foundation that we need to go build on,” added Mac. 

“Open source is having a moment. Open protocols, open financial systems, open communication protocols, open identity standards. It’s going to be a really cool next era of the internet as decentralization and open standards come back.”

No single point of failure 

Mac said decentralized networks can provide a safe harbor during turmoil as they’re typically harder to shut down without a single point of failure.

Decentralized platforms are generally hosted across networks spanning multiple countries, with servers managed by their participants. 

In comparison, centralized options run on a single collection of servers controlled by one entity or company, which can be blocked and taken offline more easily.