Welcome to the Bitcoin Street Journal, Bitcoin
Market Update episode 8 for week 20. On Thursday,
May 25th, 2023, stay ahead of the government
and central banks by tuning into our daily live
updates on the Bitcoin market, technical analysis,
price, market capitalization, and supply. Don't
miss out on the latest news and trends in the
world of Bitcoin. Subscribe to the Bitcoin Street
Journal today. In today's episode, we'll cover
the Noster Protocol. A global and censorship
-resistant social media platform with resilient
and verifiable features. Anoster is a powerful
tool with a simple, open protocol that makes
global, decentralized, and censorship -resistant
social media possible. To get started, all you
need to do is create an account and join the
thousands of others who have already made the
move to Noster. One of the key benefits of Nostr
is that it's based on a very simple and flexible
event object system that uses standard elliptic
curve cryptography for keys and signing. This
makes it easy to write clients and relays, which
promotes software diversity and gives users more
control. Nostr is also incredibly resilient because
it doesn't rely on a small number of trusted
servers for moving or storing data. Instead,
It assumes that relays will disappear and allows
users to connect and publish to an arbitrary
number of relays that they can change over time.
Another benefit of Nostr is its verifiability.
Because Nostr accounts are based on public key
cryptography, it's easy to verify messages were
really sent by the user in question, giving users
greater confidence in the integrity of the platform.
Unlike other social media platforms, Nostr is
not an app or service that you sign up for. Instead,
It's an open standard upon which anyone can build.
This makes it a powerful tool for creating a
censorship -resistant global social network that
is not controlled by any one organization or
government. Noster fills an important need in
the current landscape of social media. Platforms
like Facebook and Twitter rely heavily on advertising
revenue and use techniques to keep users addicted
and engaged. They also decide what content to
show users based on a secret algorithm that they
can't inspect or change, which has led to concerns
about censorship and bias. To learn more about
Noster, there are a number of recommended resources
available, including an introduction by Sexybug,
an article by Max Webster on why he's betting
big on Noster, and a piece by Jameson Lopp on
why Noster matters. Additionally, there are a
number of micro tools available to help users
navigate and use Nostr, such as Nostr .band,
which indexes the entirety of Nostr and makes
it searchable, and NostrWatch, which has an index
and connection stats of all public relays on
the internet. Overall, Nostr is a powerful tool
for creating a more open, decentralized, and
censorship -resistant social media landscape.
Whether you're a content creator, social media
enthusiast, or just looking for a better way
to connect with others online, Nostr has something
to offer. On today's episode, we explored Nostr,
a revolutionary protocol for creating a censorship
resistant social media platform. Thanks for tuning
in and don't forget to subscribe.