The Bitcoin blockchain is arguably the most secure and reliable blockchain in existence. The very security that breeds trust also has a downside; transactions between parties are very slow. This is where the Lightning Network comes in.
The Lightning Network is a second layer in the Bitcoin blockchain that allows microtransactions or micropayments to be made between parties almost instantly by moving these transactions off-chain and removing any middleman.
What does this mean in the context of the Internet, how to build phone number list creators, and social media? Decentralized social media is changing the way creators and audiences communicate.
Justin Rezvani realized that content creators could use the Lightning Network to directly monetize their fans’ attention, without the need for a third-party social network. In August 2021, he used the Zion protocol to launch Zion v1. Zion v1 is a communications engine that runs on software you download and that allows you to use a Lightning node to create your own social network, send messages, and store your data.
Zion is using Web5 technology to soon launch the second version of its app, with a completely new infrastructure that reuses the building blocks standard for building any internet app: authentication, data storage and messaging, as well as electronic money and payments.
Zion v2 enables each of these building blocks to be used in new ways for the Internet without a blockchain or token, so everything we know about social media is about to change.
Modern Web2-based social networks have serious limitations for their users.
