Source : coinquora.com
- Candao is launching the very first decentralized social media DAO
- It aims to bring change in the primitive social media platform structure and implement new technologies.
Have you ever imagined a platform that allows you to meet all the people that share similar business goals, intentions, and thought-process as you? Well, due to the advancements in technology, these platforms are achievable. In this article, we will be discussing the decentralized approach that is presented by the newly launched platform Candao. The platform is dedicated to bringing change in the primitive social media platform structure and implementing new technologies.
From all the information and data obtained from the official website and whitepaper of the platform, it can be concluded that the platform consists of an inclusive over-layer solution that has been particularly structured in such a way that it facilitates the technological advancements of the crypto world in social media. It should be noted that the major focus here is the establishment of a link between every chain, layer, and decentralized application.
In addition to this, the data obtained tells us that it won’t be wrong to consider the platform as a Layer Zero Concept that has the in-built potential to stand out to provide an underlying technological solution. As said the underlying technological solution has to play a vital role in the demonstration of a link between the communities completely dedicated to crypto from environments, whose basic substructure collides.
Execution of Operations by the Candao Platform
We must keep note of the fact that the platform executes operations in such a way that it has the power to fight all the issues that are related to the expandability and interoperability of blockchains. Candao, being a completely decentralized platform, is basically the very first of its kind as the platform is tilted towards bringing a change when we talk about the term connectivity among all the professional participants. This is all done in a metaverse which is created on the basis of crypto.
Along with this, it should be noted that the crypto community has seen a lot of growth since its inception and it has been flourishing constantly. One thing that this technological advancement has assured is the construction of a way for projects that are dedicated to decentralization. Also, it covers under the blanket the investors, who are ready to do funding in these kinds of projects.
The Decentralized Autonomous Organization (DAO), which is considered a by-product of the complete decentralized structure, is constantly contributing to the value distribution in the network, and all of it without any requirement of an intermediary.
Furthermore, it should be noted that this platform has to offer a ground to socialize with like-minded people and spend time while being in an environment that is decentralized. Built on the Proof-of-Stake (PoS) Consensus Mechanism, Candao aims to provide liquidity to the whole network. Moreover, the platform issues personal tokens to offer users with specific identities and even conducts referral programs to increase engagement in the network.
Where is The Platform Headed?
Discussing the final goals of the platform, for the execution of which the team behind Candao is working dedicatedly, is the adoption of decentralized technology by a massive section of the entire population. Also, the goal is to add to the positive enhancement of the traditional centralized financial and political protocols by infusing them with the latest technological inventions. The platform is clearly focused on convenient access to technology to help humanity. In accordance with the solution provided by the technologically-enriched platform, they are certainly capable of liquefying the entire universe. The platform has intentions to liquefy almost everything, from physical goods to digital products and services, so that they can ultimately eliminate the need for physical money.