Twitter’s newly formed encryption technology team will explore how to use encryption technology to inspire creators, improve user identity, and establish decentralized social media.
Written by: angelilu
In the early hours of this morning, the news of the formation of a new encryption technology team by the social media giant Twitter suddenly broke out. Tess Rinearson, a member of the Interchain Foundation and Mina Foundation, tweeted announcing joining the team, and will lead the team to explore how Twitter and the encryption industry should be Mutual promotion and mutual achievement.
According to Tess Rinearson’s tweet , the future work of this encryption technology team will focus on three aspects. The first is to explore how to use encryption technology to support creators’ creative passion, and use decentralized applications to manage virtual goods and currency to support creation. The creation of creators and the establishment of their communities; the second is to explore the possibility of Twitter breaking through identity, community, ownership, etc.; the third is to shape the future of decentralized social media.
Creator motivation
The creator economy is one of the highly discussed Web 3.0 topics recently. The exploitation of the value of content creators by large technology companies has made people realize that creators urgently need a new and fairer incentive method. Twitter’s newly formed encryption team hopes to use decentralized applications to manage virtual goods and cryptocurrencies, support users’ content creation and build their communities. The specific implementation needs to wait for the team to formally determine the development direction before we can understand it. This means that better incentives for creators will emerge, which will help promote a more direct relationship between content producers and consumers.
The crypto community reshapes user identity, community, and ownership
Another focus of the encryption technology team’s exploration will focus on how to use ideas from the encryption community to break through the possibilities of identity, community, and ownership. Twitter was established in 2006. Unlike other instant messaging media and social networks among acquaintances, Twitter establishes a social method based on the output of opinions between strangers. Users express their opinions in reposts and comments. , Pay attention to each other on the same subject, looking for a sense of identity. Encryption and blockchain technology play an important role in the development of Web 3.0 and are key components of a more open and collaborative online experience.
Decentralized social media
The encryption technology team also prioritizes decentralized social media in its future planning. Jack Dorsey funded the establishment of the decentralized media Bluesky in December 2019. He said that the current centralized solutions are difficult to deal with new challenges. To solve the problem of misuse and misleading information, the value of social media is shifting from content hosting and deletion to recommendation algorithms that guide people’s attention, but this recommendation algorithm turns users’ attention to content that is prone to gimmicks.
Bluesky will establish a decentralized open source social media protocol and develop new standards to establish an open community. Users can choose what they see on social networks by choosing their favorite recommendation algorithm, instead of relying on a single company To control it. Bluesky is not owned by any company or organization, and developers from all over the world can contribute to its development. The establishment of decentralized social media is a long-term task, and it may become the solution for the incentive and identity recognition of the creative agency mentioned above. The joining of the encryption technology team will promote the process of decentralized social media.
New team members have strong skills
Tess Rinearson, the head of the encryption technology team, has served as the vice president of development for Interstellar, a collaboration between Stellar and Chain, since September 2018. He is dedicated to researching the direction of blockchain storage and protocol, and using emoji to write popular Bitcoin applications. He started to serve as a development engineer for Tendermint Core in August 2019, and started as a development engineer for the Interchain Foundation in March 2020, responsible for leading the development of the engineering team for the core infrastructure of the blockchain including Cosmos.
Tess Rinearson is also a member of the Interchain Foundation and Mina Foundation. The Interchain Foundation supports Cosmos development and ecological construction. Tendermint and Cosmos are both affiliated to the Interchain Foundation. The lightweight blockchain cryptocurrency protocol Mina was created by O(1) Labs, a leading team in the field of verifiable computing. It uses cryptography and recursive zero-knowledge proof zk-SNARKs to design a complete blockchain that can maintain its size About 22KB (about the size of a few tweets), and verifying the current state of the blockchain is extremely fast.
As can be seen from Tess Rinearson’s resume, she has a strong technical background and has made many contributions in cross-chain and infrastructure. And Tess Rinearson said in a tweet that the new team will explore the future of decentralized media together with Bluesky. Bluesky is funded by Twitter founder Jack Dorsey and is committed to creating a centralized social ecosystem. Zcash and the blockchain company Skuchain former software engineer Jay Graber has been the head of Bluesky since August of this year.
Twitter has already deployed the encryption industry
Although the news of the establishment of a new technical team is sudden but not surprising, Twitter CEO Jack Dorsey, as a Bitcoin enthusiast, has already launched many encryption-related functions on Twitter.
Jack Dorsey is also the CEO of payment company Square. Square has also been exploring bitcoin payments. The company’s third-quarter financial report showed that its Cash App’s bitcoin-related revenue was $1.82 billion.
Jack Dorsey stated as early as December 2019 that he would fund the establishment of a decentralized media standard and funded Bluesky, a small independent team composed of up to five open source architects, engineers, and designers, to develop an open and Decentralized standards.
In addition, Twitter officially opened the Bitcoin tipping function to all users in September, which allows users to use the Strike wallet to pay creators Bitcoin tips through the Lightning Network.
In the same month, Twitter’s consumer marketing director Justin Taylor released a video showing the NFT avatar function. Users can directly set the NFT in their wallet as an avatar on the Twitter personal settings interface and obtain relevant on-chain certification. In addition, the Web 3.0 project Mask Network launched the Twitter NFT Gallery function in its plug-in version v1.36.6. Through the Mask plug-in, users can directly view the prices of related NFT works on Twitter and participate in auctions.
The encryption process of other social media giants
Twitter is not the only social media that explores the crypto world. Other social giants are also using different methods to advance the construction related to the crypto industry. Facebook has changed its name to Mate and promised to recruit 10,000 people in Europe in the next five years to establish a meta universe , It is not difficult to see its ambitions in the construction of the meta-universe.
Reddit has also been active on the road of encryption construction recently. It released the recruitment information about NFT platform engineers in October. In addition, according to a Reddit engineer, Reddit may soon convert the user’s community points Karma Pointsinto ERC20 tokens based on Ethereum.
A screenshot of aTwitter recently released by Discord founder Jason Citron caused the public to speculate that Discord will associate an Ethereum address.
Although Jason Citronresponded that Discord currently has no plans to launch this internal conceptual design, Discord asked users about Discord’s native encrypted wallet in its Web3 survey in August. Discord’s actions in encryption construction are still unclear, but they are not. Denying Discord has become an important part of the communication and coordination of most encryption protocols, NFTs, and DAOs.
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