What is Lens Protocol and How Does It Work?

Bittime -  Lens Protocol is a project that wants to change the concept and possibilities of social media in the Web3 era . In contrast to current social media platforms which are centralized, Lensa Protocol promotes decentralization and wants all users to own content and even monetize it. 

What are the advantages of Lens Protocol and how does it work? Check out the following review.

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What is Lens Protocol?

Lensa Protocol is a blockchain- based decentralized social graph . A social graph is a structure that shows the relationships between people and groups in a social network. 

Social media platforms such as Facebook or LinkedIn use a centralized social graph, which means user data and information is controlled by the platform. 

Lensa Protocol offers an open and composable social graph, meaning users own their data and information and can customize it as they wish. 

Lensa Protocol also provides an easy way for interested parties to create their own Web3 social media platform.

What are the Advantages of Lens Protocol?

Lensa Protocol has several advantages compared to conventional social media platforms, including:

• Users have a safe and secure digital identity on the blockchain.
• Users can choose who can see and interact with their content.
• Users can monetize their content in a transparent and fair way.
• Users can participate in protocol governance and development.
• Users can enjoy interesting features such as auctions, royalties and verification.

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How Does the Lens Protocol Work?

The Lens Protocol uses a graph database (GDB) to store data. GDB uses a graph structure consisting of vertices, edges, and other properties to store data. 

In other words, this graph shows the participants in a network and the relationships between them. The Lens Protocol uses blockchain-based smart contracts to manage social graphs. 

Smart contracts are code that can be executed automatically and cannot be changed. With smart contracts, users can create, change and delete their data without third party interference. 

The Lens Protocol also uses Arweave, a persistent storage protocol, to store user content. Arweave ensures that user content will not disappear or change over time.

Conclusion

Lensa Protocol is a project that wants to bring social media into the era of Web3 and decentralization. With Lens Protocol, users can have an open and composable social graph, giving them complete control over their data and information. 

Lensa Protocol also gives users the opportunity to monetize their content and contribute to the development of the protocol. The Lens Protocol is one of the exciting innovations in the field of blockchain and crypto assets.

That's the article about what the Lens Protocol is and how it works. Hopefully this article is useful and interesting for you, OK?

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH ), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.