HomeAltcoin NewsIs Chainlink the Latest Soldier in the Battle Against Facebook?

Is Chainlink the Latest Soldier in the Battle Against Facebook?

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Recently, Live Bitcoin News reported that Chainlink (LINK) was among the coins doing the best as of late. The currency is up more than 1,000 percent over the past 12 months and is setting all kinds of records.

Chainlink Is a Serious Fighter

Now, Chainlink is being dragged into a battle involving social media, which for the most part, has been a controversial topic since it first came about. One of the most controversial subjects to emerge from the social media space in recent years involves Facebook and its ties with Cambridge Analytica.

The social media giant was caught red-handed selling users’ private data to third parties for advertising purposes – a fact that rubbed several individuals the wrong way. Trust in Facebook fell to drastic levels, and Mark Zuckerberg was called in before the Senate on national television.

As a result, many companies are looking to take control away from companies such as Facebook and give it back to the people. Users should have control over their own information, and Chainlink’s blockchain is being utilized in the fight for justice and equality. A new project known as Revolution Populi has come about that uses LINK’s technology. Revolution is working to be a decentralized social media company.

Chainlink’s smart contract capabilities will be utilized to ensure people are paid for the activity and to bring new developers onboard. Rob Rosenthal – the chief executive of the project – explained in a statement:

We’re going to return the internet back to the people to whom it rightfully belongs, and to do that, we’re going to integrate Chainlink’s powerful smart contract middleware throughout the project, which will secure point to point transactions across this new digital ecosystem and social network… The days of the internet companies seizing your data are over.

Continuing, he explained that the time is ripe for a project like this considering he’s noticed several people are angry with platforms like Facebook and Twitter, and many are beginning to request alternative social means. He states:

There’s a lot of anger towards the likes of Facebook. There’s a lot of complaining, but there’s no existing solution.

One of the current reasons for Chainlink’s newfound popularity is that people are far more interested in decentralized finance. They want complete control over the financial tools they use to survive. Right now, too much control still lies in the hands of standard banks and monetary institutions.

Building a More Decentralized World

Daniel Kochis – head of business development for Chainlink – expressed his excitement and joy that the currency’s technology was being utilized for Revolution. He mentioned:

Were excited to provide Revolution Populi with secure and reliable oracle services to enable decentralized validation of data within their digital ecosystem.

At press time, Chainlink is trading for just under $8.

Nick Marinoff
Nick Marinoffhttps://www.livebitcoinnews.com/
Nick Marinoff is currently a lead news writer and editor for Money & Tech, a San Francisco-based broadcasting station that reports on all things digital currency-related. He has also written for a number of other online and print publications including Black Impact Magazine, EKT Interactive, Seal Beach USA and Benzinga.com, to name a few. He has recently published his first e-book "Take a 'Loan' Off Your Shoulders: 14 Simple Tricks for Graduating Debt Free" now available on Amazon. He is excited about the potential digital currency offers, particularly its ability to finance unbanked populations and bring nations together financially.

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