Bastyon Inventor Daniel Satchkov Explains the Importance of Using an Open Source Social Media Platform

Bastyon Inventor Daniel Satchkov Explains the Importance of Using an Open Source Social Media Platform

Bastyon.com is a social platform built on the Bitcoin foundation. It is decentralized with no central serve. Bastyon’s codebase is open source, and everything is governed by the users themselves. Bastyon’s core concept is censorship resistance. It can work even with domains are blocked by connecting directly to the nodes. Bastyon is powered by Pocketcoin (PKOIN), a Proof-of-Stake cryptocurrency that pays content creators and node operators who run the network.

Daniel Satchkov is the inventor of Bastyon (which was originally called Pocketnet). He recently joined the Bitcoin.com News Podcast to talk about the technology:

Daniel worked and published in the fields of quantitative finance and machine learning. In 2015 he was a winner of the prestigious Peter L. Bernstein award for the article in the Institutional Investor Journals. Daniel’s mission in inventing the Bastyon was to ensure that people can govern their own communication without arbitrary censorship from large corporations. Daniel is fascinated by the potential of Bitcoin to help secure human freedom of choice and to disrupt not just finance, but many other quasi-monopolistic industries.

Learn how to stake Pocketcoin and run a Bastyon easy node here.

For further reading, this is the article that influenced Daniel’s thinking: Why Decentralization Matters, by Chris Dixon.

The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance (DeFi), NFTs and the Metaverse. Follow us on iTunes, Spotify and Google Play.

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