Decentralized Platforms Is a Way Out

Colin Baseman

Blockchain experts do not think that decentralized platforms will fully replace major centralized services. They do provide an alternative to the service that looks and feel viable enough, but they cannot deny the fact that there’s enough space for centralized platforms as well.

Users mention that YouTube imposes bans on information related to cryptocurrencies. They say the platform has caused too many issues that the entire industry has to resolve. One of the ways out that analysts see is the creation of decentralized alternatives.

On the other hand, according to Levitt, both decentralized platforms, as well as YouTube, can perfectly co-exist. Theta Labs relies on Levitt’s strategic approaches. His ideas and projects have been very successful, which allows users to believe that what he says shows what really occurs in the industry.

Banning of the content that crypto participants publish on the platform won’t let them move ahead and develop. One of their victims became Jason Appleton who has been working in the crypto arena for a long time. YouTube was one of the fastest ways for him to share his projects and plans with his subscribers, but he was banned from the service in April.

Many still remember that BTC halving was canceled during the live stream – it was done abruptly and without any warnings.

Crypto content goes through strict censorship. Levitt mentioned that his team has lately met several streamers and allowed them to practice their activities on platform to help them resolve the issues that they experienced while using YouTube.

It’s necessary to create a totally decentralized platform. As we can see, the number of customers who get banned from the world-known service is increasing and people need another facility to do their work and share what they have with the rest of the planet.

Co-Existence of Numerous Platforms

Similar problems occur on many other major platforms and this is what makes researchers look for better alternatives. Nevertheless, the majority of participants admit that YouTube will not vanish. Decentralized platforms do not need to push YouTube out – each can stay in the market and cater to users.

There is no need to replace any platforms if there are users who do not mind having their accounts on centralized platforms. The latter may be very well suited for a range of topics and themes that are allowed there. At the same time, decentralized platforms are really necessary since they give more opportunities to the crypto community and its participant.

The more alternatives our society has, the better it is for many industries and spheres. Streamers as well as viewers need more freedom and less censorship – people have to gain the right to choose what they transmit or receive.

Theta runs a special service that allows streaming of various events. Those include poker tournaments and esports. The team welcomes users who are willing to take part in crypt summits and conferences. That’s a safe and secure environment where people can discuss cryptocurrency, blockchain, and other topics related to the crypto community.

In May, the brand announced that its representatives established a partnership with another team and is now ready to enter the Japanese market worth three billion USD. Officials admitted that they intend to whitelist the company’s tokens, too. This is one of the requirements applied by the Japanese authorities. At present, there are only twenty-six whitelisted tokens in the country. Also, the firm is looking forward to developing new projects with their new partners and hopes that this collaboration will be successful and productive.