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Introducing SubSocial - An Open Protocol for Social & Finance on Polkadot and IPFS

Published date: May 14 2021
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1. Main goal

Subsocial is an open platform that allows anyone to launch their own decentralized censorship-resistant social networks and marketplaces. Subsocial will help you create your own decentralized version of the popular sites they see today, such as Medium, Twitter, Reddit, Instagram, Discourse, Patreon, OnlyFans and more. 

2. Project’s highlights

Their software uses the Substrate blockchain framework and IPFS for decentralized file storage. This enables personalized news feed and notifications, transparent reputation, full text searching, rich content formats, without sacrificing SEO (search engine optimization).

Using Substrate also allows Subsocial to connect to the Polkadot and Kusama Networks. Polkadot is a next-generation blockchain protocol that unites an entire network of purpose-built blockchains, allowing them to operate seamlessly together at scale. Polkadot will provide cross-chain interaction as well as providing a shared security platform upon which Subsocial can scale whilst remaining secure.

SubSocial Core features:

  • Serverless Public Timeline

  • Moderation

  • Roles & Permissions

  • Spaces as DAOs

  • User governance

  • Treasury

3. Serverless Public Timeline

Same as Twitter but you can put the whole web app on to IPFS and remove the need for a centralized host (no need for AWS).

4. Moderation

Censorship-resistance at chain-level, but users set rules for their own space. Think of a SubReddit that has transparent on-chain moderation

5. Roles & Permissions

Built-in and dynamic roles to manage your community with fine-grained permissions. Think of Discord roles and permissions.

6. Spaces as DAOs

Spaces can have multiple owners who can control the community direction and decide who receives monetization rewards.

7. User governance

Subsocial token holders own and govern the network. This is how the network upgrades. The governance mechanism is the same as Polkadot and Kusama.

8. Treasury

On-chain pot of funding for development and promotion of the ecosystem.

9. Conclusion

Subsocial is an open platform that allows anyone to launch their own decentralized censorship-resistant social networks and marketplaces. Subsocial will help you create your own decentralized version of the popular sites they see today, such as Medium, Twitter, Reddit, Instagram, Discourse, Patreon, OnlyFans and more. 

Their software uses the Substrate blockchain framework and IPFS for decentralized file storage. This enables personalized news feed and notifications, transparent reputation, full text searching, rich content formats, without sacrificing SEO (search engine optimization). 

Using Substrate also allows Subsocial to connect to the Polkadot and Kusama networks. Polkadot is a next-generation blockchain protocol that unites an entire network of purpose-built blockchains, allowing them to operate seamlessly together at scale. Polkadot will provide cross-chain interaction as well as providing a shared security platform upon which Subsocial can scale whilst remaining secure. This is social media unbounded. 

About SubSocial

Subsocial is an open protocol for decentralized social networking. It’s built on the Polkadot and IPFS tech stack and this means that the protocol is upgradeable (Substrate), censorship-resistant (IPFS) and allows its users to use any crypto, supported by the Polkadot ecosystem. You can think of Subsocial as a decentralized version of Reddit or Medium, where subreddits and blogs run on their own chain.

Subsocial is a recipient of the technical grant from Web3 Foundation. And it is one of the first 17 projects that have been carefully selected by Parity to participate in the Substrate Builders Program.

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See SubSocial on DotMarketCap: https://dotmarketcap.com/coin/subsocial-network