Social Network “tata” Integrates Blockchain and Joins Millions of Users the Acorn Ecosystem | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
According to official news published by Accesswire, August 14, 2019, the TTC Foundation has integrated the Acorn Protocol with social app “tata”. Users can now be rewarded with the cryptocurrency ‘ACN’ for their interactions, popularity, and behaviors on the platform.
Blockchain for Social Media
Tata, a social network with 17 million users across China and South-East Asia, will integrate a token model that will allow its users to receive rewards in cryptocurrencies depending on the activities performed on the platform.
The Acorn Protocol is a blockchain-based incentive protocol for social platforms based on the TTC blockchain. It measures user activity on the platform by analyzing the contents, the time and behavior of users, and rewards them with Acorn Token (ACN).
Tata’s goal is to create an infrastructure that allows both content creators and users to be rewarded for their actions improving at the same time the quality of the content that is shared within the platform.
Users can be rewarded mainly by posting contents, likes, and comments. In addition, they can receive compensation by participating in reports about harmful activities such as malicious posts, abusive language, and review of reported posts.
ACN tokens may subsequently be used to buy products within the social network or to advertise.
TTC Development and Expansion
The TTC blockchain utilizes a BFT-DPoS consensus algorithm to ensure high transaction speed and a Master/Slave network combination to increase scalability.