A Yale professor and Goldman Sachs employee are planning to launch a new blockchain-based social network, which they say could become a serious competitor for Facebook.
The development of the social network, called Revolution Populi, is led by Professor of Computer Science and author of Mirror Worlds, David Gelernter, and Rob Rosenthal, who has been with Goldman Sachs for about 19 years.
According to the developers, users will be able to control their data themselves. Special smart contracts will allow people to hide their data and even sell, unlike existing media platforms, which, by default, sell information about users to advertisers.
Distributed Ledger Technology (DLT) provides users with maximum security and privacy. In his interview, Rosenthal called decentralization the main advantage over other social networks – the database will be managed by the users themselves, not the creators of the network.
At the moment, the social network is under development, but its launch is scheduled for the beginning of next year.
Technical analysis of Bitcoin (BTC):
Over the past 24 hours, the price of Bitcoin failed to break through the resistance level of $8,280, and as a result, it fell to the support level of $7,940. Now, it is $7,970. We expect the continuation of the uptrend. The nearest resistance levels are $8,000, $8,140, $8,280, $8,400, $8,600. The nearest support levels are $7,940, $7,740.
Technical analysis of Ethereum (ETH):
Over the past 24 hours, the price of ethereum rose to the resistance level of $178 but failed to break through this level. This movement coincided with yesterday’s forecast. Now, the price is $166. We expect a technical rebound upwards. The nearest resistance levels are $168, $172, $175, $178, $181. The nearest support levels are $165, $160.
Technical analysis of Ripple (XRP):
Over the past 24 hours, the price of ripple rose again to the resistance level of $0.3030. This movement coincided with yesterday’s forecast. After such growth, the price of ripple fell to the support level of $0.2860. Now, it is $0.2870. We expect a technical rebound upwards. The nearest resistance levels are $0.2910, $0.2940. The nearest support levels are $0.2860, $0.2840, $0.28.
