• Nostr, a decentralized social network supported by Jack Dorsey, the former CEO of Twitter, can now be downloaded on Apple and Google app stores.
• Nostr stands for ‚Notes and Other Stuff Transmitted by Relays‘ and is an alternative to centralized social networks like Twitter.
• Jack Dorsey donated 14 BTC, worth $250,000 in late 2022 to fund development of the platform which promises decentralization and control of data and accounts.
Nostr: A Decentralized Social Network
Nostr is a decentralized social network that has been supported by Jack Dorsey, the former CEO of Twitter. It can now be downloaded on both Apple and Google app stores via its clients – Damus (for iOS users) and Amethyst (for Android users). The platform stands for ‚Notes and Other Stuff Transmitted by Relays‘ as an alternative to more centralized social networks such as Twitter.
Jack Dorsey’s Donation
In late 2022, Jack Dorsey donated 14 BTC – roughly worth $250,000 – to fund the development of this alternative social media platform. This donation was made to ensure that Nostr offers decentralization and control of data and accounts for its users.
There have been reports of censorship and political suppression in the United States related to mainstream social media platforms such as Twitter. These reports were detailed in „Twitter Files“, a set of internal documents from Twitter that were declassified by Elon Musk after he took over the company in October 2022 after a $44 billion deal.
Open Source Platform
Unlike other mainstream apps which use rails behind them, Nostr is open source with its underlying architecture powered by distributed decentralized clients instead of a single centralized server. This allows anyone to create an account with their own public key (as username) and private key (as password).
Nostr aims to build a modern social platform through decentralizing its infrastructure instead relying on traditional central servers or rails used behind other apps like Facebook or Twitter. It also ensures privacy protection for all its users who create accounts using their public key (username) & private key (password).