Bastyon Inventor Daniel Satchkov Explains the Importance of Using an Open Source Social Media Platform – Bitcoin News Interview

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Bastyon.com is a social platform built on the Bitcoin foundation. It is decentralized without a central service. Bastyon’s codebase is open source and everything is driven by the users themselves. Bastyon’s core concept is censorship resistance. It can work even with blocked domains by connecting directly to nodes. Bastyon is powered by Pocketcoin (PKOIN), a Proof-of-Stake cryptocurrency that pays content creators and node operators that run the network.

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

Daniel has worked and published in the areas of quantitative finance and machine learning. In 2015, he won the prestigious Peter L. Bernstein Award for the article in Institutional Investor Journals. Daniel’s mission in inventing the Bastyon was to ensure people could manage their own communication without arbitrary censorship from big business. Daniel is fascinated by Bitcoin’s potential to help secure human freedom of choice and disrupt not only finance, but many other near-monopoly industries.

Learn how to stake Pocketcoin and perform an easy Bastyon knot here.

To learn more, here 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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