1 BLURT = $0.0019 USD - How it achieves fast transaction processing crucial for a social application?steemCreated with Sketch.

in #blurt2 months ago

5% of the rewards of this post are for @steem.amal

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The Blurt (BLURT) platform is a high-throughput, decentralized social media blockchain utilizing the Delegated Proof-of-Stake (DPoS) consensus mechanism, which is built upon the robust Graphene framework. This architecture is optimized for fast transaction processing crucial for a social application. A recent technical observation indicates that the Bollinger Bands indicator is currently widening, with the asset's price situated in the lower band, potentially suggesting heightened volatility and a possible retracement or continuation of the current price trend.

A key structural departure of the Blurt protocol is the deliberate removal of the native downvote function from its chain logic. This unique feature is intended to preempt censorship and punitive moderation, thus fostering an environment conducive to free speech and positive user interaction. From a technical analysis standpoint, the ADX-DI (Average Directional Index with Directional Indicators) technical indicator is observed to be in the negative territory (-DI > +DI), suggesting that the recent price movement is currently dominated by bearish momentum.

The platform employs a resource distribution model where staked BLURT confers "Blurt Power" to the holder. This mechanism directly ties users' influence and earnings to their commitment to the network. Holders leverage this power to govern the daily rewards pool, effectively incentivizing and distributing value to users for both content creation and strategic curation activities on the decentralized social network.

About Blurt Blockchain (BLURT)

The Blurt Blockchain (BLURT) is a delegated proof-of-stake (DPoS) blockchain specifically engineered to function as a decentralized social media platform. Its architecture is built upon the Graphene framework, which is known for its high throughput and fast transaction confirmation times, making it suitable for a content-intensive application like a social network.

Unique Technical Features and Value Proposition:

  1. Elimination of Native Downvotes: A core distinguishing feature of the Blurt protocol is the omission of a native downvoting mechanism within the chain's logic. This design choice is a fundamental philosophical and technical deviation from its predecessor blockchains (like Steem/Hive). The intent is to mitigate content-related censorship, reduce subjective value attacks, and foster an environment explicitly promoting "free speech, liberty, and freedom". This structural constraint significantly alters the social dynamics and content curation mechanics on the platform, incentivizing constructive interaction over punitive content moderation.
  2. Delegated Proof-of-Stake (DPoS) Consensus: Blurt utilizes DPoS, where holders of the native BLURT token elect a set of witnesses (block producers) who are responsible for validating transactions and producing new blocks. This mechanism offers high transaction throughput and low latency, which are critical for scaling a responsive social application. The DPoS system is intended to provide rapid consensus and lower transaction costs compared to Proof-of-Work (PoW) chains.
  3. Content Reward System: The network features a daily rewards pool that is distributed to users for both content creation (posting) and content curation (upvoting/liking). The distribution mechanism is governed by the consensus layer and rewards are allocated based on the total Blurt Power (staked BLURT) applied to content votes. Users who stake their BLURT hold "Blurt Power" and can influence the reward distribution, thus aligning the interests of platform stakeholders, content creators, and curators.
  4. No-Fee Transactions: Blurt is designed to allow users to post, comment, and vote on content without incurring transaction fees, creating a seamless user experience that contrasts with many general-purpose smart contract platforms. This is facilitated by the Graphene base and the resource allocation inherent in the DPoS structure.

In essence, Blurt is a fork and technical refinement of a prior social blockchain model, strategically differentiated by its hard-coded resistance to content downvoting, using a high-speed DPoS mechanism to sustain a decentralized, censorship-resistant social media ecosystem.

Disclaimer: I am not a financial advisor — all information I share is for education only, not financial advice; always do your own research and consult professionals before investing, as crypto markets are highly risky and you could lose all your funds.

Assisted by https://gemini.google.com/.

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Upvoted! Thank you for supporting witness @jswit.

Wow, @puncakbukit, this is a fantastic deep dive into the Blurt blockchain! I'm impressed with your technical analysis, especially highlighting the significance of removing downvotes and how that impacts the entire social dynamic. The ADX-DI observation is particularly insightful!

It's great to see such a comprehensive overview of Blurt's unique features and its commitment to free speech and positive interaction. Plus, the 5% contribution to @steem.amal is a wonderful gesture! This post is a valuable resource for anyone interested in decentralized social media and the nuances of blockchain governance.

What are your thoughts on the long-term sustainability of a platform without downvotes? I'm curious to hear your perspective and encourage others to share their opinions in the comments below! Let's discuss!