Intro to Akasha | A Decentralized Social Media Network

In the late 80s and early 90s, internet pioneers, thinkers, visionaries, artists, entrepreneurs, and everyone in between, imagined a world of no stratification, no authority, no distinction between rich or poor, black or white, male or female. Unfortunately, the internet gradually became more filtered, stratified, with more authorities involved and more distinctions. Instead of a flat and decentralised world of the mind with no single points of failure, we now largely gather in centralised websites which suddenly find themselves yielding immense power.

Our Internet and our means to access the information are extremely centralised, making it easier for opinions and views to be manipulated while facilitating data mining by large corporations. That’s where Akasha comes in.

The Akasha project stands for freedom of expression and one of the team’s firmest conviction is that access to information and privacy are fundamental human rights that should be respected on and off-line.

Akasha is a censorship-immune social media network. Using the Ethereum blockchain,  Akasha has removed the need for centralised servers, eliminating all the problems associated with censorship, hacks and server downtime from the design stage. Akasha leverages the InterPlanetary File System (IPFS) and its permanent web infrastructure in order to ensure access to information with no central points of failure. The IFPS is a peer-to-peer hypermedia protocol designed to make the web faster, safer and more open.

In Akasha, users can publish, share and vote for entries, similar to Medium and other modern publishing platforms, with the difference that your content is actually published over a decentralised network rather than on Akasha’s servers. The votes are bundled with micro transactions, allowing users to generate revenue by creating and sharing quality content. This system is called Quadratic voting. In the words of Mihai Alisie, founder and CEO of Akasha:

“[Akasha] uses a quadratic voting system with weights between 1-10. So if we’d start from ‘1 cent per vote’ we could get at weight 10 at $1 sent to the content creator. Plus, the quadratic voting has some interesting properties as it enables the content creators to understand “how much” people appreciate/don’t appreciate a particular thing/topic/etc.”

Before the official launch of the platform, Akasha will issue a placeholder token, AETH. This token will allow the team to test the platform in order to understand the problems that should be solved. Later on, Akasha may host a crowdfunding campaign that will most likely come after the platform reaches its beta stage.

Thanks to the use of the aforementioned technologies (the Blockchain and IPFS) Akasha’s team is on the course of creating a planetary-scale information network, where your thoughts and ideas can flow freely. A new paradigm for Internet information publishing where freedom of expression and privacy are deeply embedded into the code. To learn more about Akasha, visit the official website.