Facebook Developing Unrequested Twitter-Inspired Platform
Staff Editor Facebook, the world’s largest social media platform, is attempting to compete with Twitter by building a decentralized text-based alternative. This new product will be based on blockchain technology and will allow users to post messages without relying on Facebook as an intermediary. The project has been dubbed “Project Libra” and it appears that this new platform may have some features similar to those of Twitter.
The development of Project Libra comes at an interesting time for both companies; as Facebook continues its push into becoming more than just a social media company, while Twitter remains focused largely on microblogging services. It also raises questions regarding how the two platforms would interact if they were both operating in the same space – particularly around privacy issues given their different approaches toward user data management.
It remains unclear whether or not Project Libra will gain traction among users who are already comfortable with existing platforms like Twitter or Instagram but one thing is certain: If successful, it could provide yet another way for people to communicate online without having all their posts filtered through a single source such as Facebook’s algorithms or other third parties like advertisers and marketers.
Read more at Futurism
