We’ve been talking about what makes Arro Social different from other Social Media networks.
Our biggest differences are that your content and data will always belong to you and that our goal is to share up to 80% of our advertising profits with our users, but another big difference is how we use Blockchain technology to Track and share that profit.
So …What is Blockchain Technology?
A blockchain is a public ledger of information that is heavily encrypted,
and distributed via a peer to peer network that sits on top of the internet.
In other words a transaction record of all of Arro Social’s user activity is shared anonymously AND transparently across a network of computers,
instead of being held in a central location.
The computers on this peer to peer network, called Nodes, verify, record and secure every transaction.
It’s how the data on this network is stored and secured that makes Blockchain technology a game changer.
To better understand this, let’s answer the question, Why is it Called a “Blockchain”?
Blockchain owes its name to how it works and the manner in which it stores data, namely that the information is packaged into blocks, which link to form a chain with other blocks of similar information.
The Blockchain Ledger has three main attributes.
First of All-The Record
Each block contains the data it is recording,
Timestamps of when that information was recorded,
a digital signature linked to the account that made the recording, and a unique identifying link, called a hash (think of it as a digital fingerprint THAT LINKS THE previous blocks in the chain.
It is this act of linking blocks into a chain that makes the information stored on a blockchain so trustworthy.
Second the Blockchain Ledger is Transparent, meaning anyone can see the ledger of transactions.
And Third it is Decentralized: so the ledger exists on multiple computers.
Remember all those computers, The Nodes we talked about earlier? They each hold a copy of the entire blockchain, and each time a new transaction takes place, a new block is formed. The Nodes then verify that the hashes match previous blocks, and the block is valid.
Once the data is recorded in a block it cannot be altered without having to change every block that came after it, making it impossible to do so without it being seen by the other participants on the network.
If someone tries to cheat the system, the Nodes see it and call foul. Even if you could trick some nodes, you can’t trick them all.
As a result, each block strengthens the previous block and the security of the entire blockchain, because it means more blocks would need to be changed to tamper with any information.
When combined, all of these create an unquestionable storage of information, one that cannot be disputed or declared to be untrue.
Companies and Banks world wide are using Blockchain Technology to track supply chain and money transactions. At Arro social we use this Blockchain Technology to track ad views and to share 80% of our profit with our users.
How that happens is what out next video is about.
If you would like to keep learning about Arro Social and how to get #yourfairshare , hit that follow or subscribe button now.
And for even more information, or if you would like to join our beta test on test flight for apple or android, go to Arro.io by clicking on the link in the description or email [email protected]
ABOUT Arro Social
Each time you click, write, or watch something on social media you generate content. Your content is then sold and you don’t see a penny!
Arro Social focuses on fair distribution of content revenue. Arro Social pays users when they watch advertisements and when the user clicks or writes something, the user owns it
Arro Social’s mission:
Create opportunities to redirect social wealth.
HOW ARRO WORKS
It’s like Facebook that pays you and we don’t monitor your every move.
You choose what you see, not an algorithm
You own your content
Viewers pay you if they view. The crypto flips the bill
There are other social networks that pay you, but Arro Social is the first network that pays you for watching advertisements.
SHARE WITH FRIENDS
You have direct access
You can connect with your favorite products and friends. We allow a direct connection, but we know that some of you like your privacy too. You can pay to skip the ads. We will show you all your friends, not run it through an algorithm.
But don’t worry advertisers, we love you. We make sure that you know who clicks your ads and your competition can’t robot click your ads away. We will not bury this information in a report that only experts can mine through. You have full control on the price and your fans can share.