Global Social Chain price is $0.00149060
The current price for Global Social Chain (GSC) is $ 0.00149060. This price has decreased by -4.72% in the past 24 hours.
Global Social Chain, abbreviated as GSC, stakes its claim as the first social networking chain of its kind – boasting ownership of hundreds of millions of social users. Utilizing blockchain technology, GSC aims to revolutionize the classical centralized social networks. Instead of platforms like Facebook or WeChat, who act as managers and arbiters of user information, GSC plans to shift this power dynamic.
GSC perceives social networks to be an invaluable facet of the internet, integral to the high-frequency interactive behaviour of its users. Traditional platforms such as Facebook, Snapchat and many others have run into multiple pain points, including compromised user privacy, misuse of user data, lack of incentives for users whose content generates value, and a flawed credit system resulting in misinformation and inefficiency in the social space.
GSC strives to address these issues by leveraging blockchain technology, which by nature is decentralized. The vision for GSC is to refashion the landscape of upcoming social networking platforms, where user privacy and digital assets are individualistic.
While the information about the founders of Global Social Chain isn't directly available, the team behind is actively using blockchain technology to transform the social media landscape. By collaborating with renowned social networking applications like Mico, the GSC team has made significant strides in integrating blockchain solutions into Mico's product matrix.
Global Social Chain (GSC) leverages blockchain technology to reshape the traditional social networking platforms and enhance their functionality. Taking a decentralized approach, GSC aims to ensure the security of users' private information, enable users to have control over their data while providing incentives for the value they create.
The GSC network also works towards fixing the current system’s vulnerability to false information and enhancing social efficiency. By tapping into blockchain’s capacity to maintain transparency and security, GSC veers away from centralized control to a more user-empowered system.
GSC's uniqueness stems from its approach to addressing the perceived shortcomings of existing, centralized social networks. Central to its strategy is the use of blockchain technology to decentralize control – thereby facilitating user data privacy and establishing individual control over digital assets.
Moreover, GSC aims to provide an incentive mechanism for user-generated content that adds value and seeks to improve social efficiency by eliminating false information prevalent in current social systems. Its cooperation with established social network applications, such as Mico, further validates its innovative solution.
As of now, there are GSC coins in circulation. The total supply counts 1000.0M GSC coins.
If you wish to buy Global Social Chain (GSC), you can do so on various cryptocurrency exchanges that include Indodax, Huobi.pro, Huobi. Remember to do thorough research and choose the exchange which suits your needs best. Always remember that investing in cryptocurrencies entails a certain degree of risk.
The team behind GSC ensures network security by decentralizing control and utilizing blockchain technology to its fullest extent. This decentralization safeguards against a single point of failure, one of the primary security risks associated with centralised platforms. Furthermore, blockchain's inherent features of transparency, immutability, and security help in maintaining a secure and reliable system.
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