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Satellite

Total Users
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Rewards
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Volume
The fiat value of incoming dapp transactions over a period of time
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Contract Balance
The total fiat value of assets in a dapp's smart contracts
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Category
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Blockchain
Ethereum
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Official links
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News

Latvia Implements New Crypto Tax Legislation

Latvia has passed a new law changing the taxation of crypto investment account gains, focusing on withdrawals rather than individual trades.
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Son Min-ho

Significant Bitcoin Transfer from 2013 Wallet Sparks Market Speculation

An early Bitcoin holder has moved approximately 41,145 BTC from a dormant wallet, raising concerns and interest among traders.
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Ayman Ben Youssef

Cysic Halts Crosschain Bridge Following Token Creation Incident

Cysic has suspended its crosschain bridge after an attacker created 10 million unauthorized CYS tokens on BNB Chain and converted part of the supply into assets moved toward Ethereum.
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Tando Nkube

What is Satellite?

Satellite - a fundamentally different kind of social platform for many users. Its mission is to maintain free space without ads, paid channels, trackers or algorithmically oriented channels.

Contents:

  1. Satellite description
  2. Platform benefits

Satellite dapp

Satellite description

More generally, Satellite is the foundation for creating of decentralized social assets. The platform restores online space to its original decentralized architecture. When you create an identifier on the platform, you create an entry that associates your secret key with your name in the public global address book on the Ethereum blockchain.

Once your identifier is created, it will always be in the public record. No one can remove it, even the platform itself.Satellite

As written in White paper, your identifier also gives you the ability to sign data digitally. Each time you publish something, a comment or an article, you sign this data with your secret key in such a way as to prove mathematically that the data belongs to you.

Platform benefits

On this platform, it doesn't matter where the data comes from. You can know exactly who the author is by looking at the digital signature and comparing it with the blockchain’s public address book. Platform advantages:

Share data Since all data, created by using Satellite, is “trusted” by default, it suddenly becomes real for users to share data with each other directly, browser with browser, rather than relying on a central server.
New update Torrents have been around for a long time. But in the latest platform update, they were launched in a browser and indexed by Ethereum.
Content When developing the project, the developers avoided imposing an overly large content organization structure deliberately. That's why they skipped the up/down function.

Moreover, the platform is actively using Twitter. There you can find a lot of new information about promotions and updates, as well as chat with other users. To help other people find content, you can do the following:

  • create an “initial order”;
  • you voluntarily allocate disk space and bandwidth to prioritize the posting of this publication now.

In the next update, developers want to continue to expand, gaining an increasing role in the world. They believe that the right step - to stop relying on platforms for organizing information for the company. They also make every effort to develop an alternative structure by which social data can organize itself.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.