APPICS | Built on Telos Blockchain

First of all, why Build on Telos blockchain?

The simple answer is it is the fastest, most advanced blockchain in today's world. Telos is a high-capacity blockchain and, according to Blocktivity, It is one of the most active blockchain platforms in the world. In addition, Telos features a powerful, third-generation blockchain governance system with advanced voting features and smart-contract fully configured to meet the needs of any developer.

@appics is a next-generation social media built to change the governance of centralized social media. When Facebook was founded in 2004, there was a worldwide uproar. And gradually, social media platforms like Twitter, Instagram, and TikTok have been created to increase revenue flow. At the same time, many revenue generation opportunities have been opened through these channels. As a result, social media has become an integral part of our daily lives, making our lives easier and more luxurious.

Moreover, these media have created new opportunities like content creation and the influence of social media. In addition, content creators and social media influencers use brands and businesses to promote their products to a broader global audience through them.

But these social network industries are highly centralized; it has a long history of privacy concerns and data sales scandals. Decentralization is seen as a solution to the social networking industry's privacy problems. So this great advent of blockchain technology is a blessing in disguise for us, which is aimed at decentralization and is now widely used in the social network industry. Even so, these apps do not focus on privacy. And most of the apps conduct like centralizers even though they claim to be decentralized. But APPICS wants to make a paradigm shift in the social networking industry.

APPICS is a Telos blockchain-driven decentralized social media. APPICS wants to provide decentralization with its blockchain-based social media platform to give the social networking industry a new dimension. APPICS offers users a percentage of the total revenue generated by their activity and some control over the business activities on the platform. APPICS seeks to lead the next generation of social media platforms using blockchain technology and cryptocurrency based on its incentive-based model.

It's been almost two months since APPICS moved to the Telos blockchain to create a new smart contract and update new back-end functionality. The main reason for this change is that APPICS users had many problems during the platform on the Steam blockchain, which is being solved through the Telos blockchain.

Why APPICS built on Telos Blockchain?

Telos was purpose-built to scale and support web3 platforms such as APPICS. Telos is a high-performance blockchain that aims to empower users through fast transaction speeds, no transaction fees, no front running, and advanced blockchain governance features. Telos uses the Delegated Proof-of-Stake (DPOS) consensus, a significant improvement over previous Proof-of-Work and Proof-of-Stake models. Furthermore, Telos intends to encourage user adoption by not charging any gas fees on transactions. Telos is highly scalable and can process up to 10,000 transactions per second.