Frequently Asked Questions
What is Freebits ?Freebits is a decentralized, permissionless, immutable, uncensorable online social network, globally accessible to everyone with an internet connection. It is built on top of the unstoppable and uncensorable EulerChain protocol. It is decentralized i.e., no central authority can ban or de-platform people. It is permissionless i.e., anyone can join (using public key cryptography primitives) without a centralized approval process and express their thoughts on EulerChain. It is privacy-preserving i.e., whistleblowers (and anyone) can safely communicate truth to the citizens while simultaneously proving that they belong to the right corporation, using zero-knowledge proofs.
What is the seed phrase ? Why do I need it ?Seed phrase encodes your public and private keys. Your public key is your own self-sovereign decentralized identity. You have to enter the seed phrase every time you post anything on freebits. Only you should own it. Do not share it with anyone. Freebits platform does not store your seed phrase. If you lose your seed phrase no one can recover it.
Freebits platform cannot deplatform anyone. You can use the seed phrase to post anything on the EulerChain blockchain, without depending on any centralized entity. These posts are visible to everyone on eulerchain explorer. This is the true uncensorable freedom of speech.
Your seed phrase is not required when you 'like' or 'reshare' a post.
Also, remember the massive twitter hack ? A hacker got access to several twitter accounts (including Apple, Biden, Obama, Musk) and posted tweets on behalf of these accounts. That kind of massive attack is impossible on freebits platform, because seed phrases are not stored on any centralized database. Each user is responsible for securing her seed phrase. There is no centralized database with seed phrases of hundreds of users.
What are Streams ?We use Artificial Intelligence, Machine Learning and Semantic Analysis to analyze hundreds of thousands of news articles daily and organize them into streams. Here are some examples of streams: ~Artificial Intelligence, ~BlockChain, ~Privacy, ~Bitcoin, ~DeFi, ~BillGates and many more.
You can follow individual streams to get news about your favorite topics, people, companies, and products, in your freebits news feed.