{"id":4853,"date":"2022-03-05T21:37:21","date_gmt":"2022-03-05T21:37:21","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/social-send-whitepaper\/"},"modified":"2022-03-05T21:37:21","modified_gmt":"2022-03-05T21:37:21","slug":"social-send-whitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/social-send-whitepaper\/","title":{"rendered":"Social Send Whitepaper"},"content":{"rendered":"<div id=\"post-1094\">\n<div class=\"entry-content\" readability=\"66.841230257689\">\n<p>Abstract<\/p>\n<p>We are living in the digital era. Social networking has become second nature<br \/>to us and is a seemingly unavoidable part of our everyday life. In a similar<br \/>manner, adoption of blockchain technology and cryptocurrencies is growing<br \/>exponentially and will soon be paramount in our daily financial exchanges. We<br \/>believe that a well-crafted and readily accessible cryptocurrency should allow<br \/>for the same range of user adoption as social networking, and therefore, it is<br \/>only natural for the next phase of blockchain implementation and<br \/>cryptocurrency adoption to take place on social networks.<\/p>\n<p>The time and effort users invest in social media platforms can become a real<br \/>asset for crypto-powered exchange scenarios. The Social Send (SEND) team<br \/>believes the innate usability of social networking can be matched with an<br \/>equally usable peer-to-peer currency exchange platform, overriding the<br \/>necessity of lengthy technical explanations to non-crypto users. Our<br \/>technology seeks to aid people in the use of cryptocurrency and value<br \/>transfers through their already polished knowledge of multiple social<br \/>networks, blending blockchain technology architecture and functionality with<br \/>established communication networks.<\/p>\n<p>The market for SEND is enormous. Approximately one third of the world\u2019s<br \/>population, or 2.6 billion people, use social media. In contrast, there are only<br \/>about 3 million users of cryptocurrency in the world. Social networks are the<br \/>next frontier for cryptocurrency because they provide a launching pad for<br \/>cryptocurrency adoption through instant access to one third of the world\u2019s<br \/>population.<\/p>\n<p>Yet, we recognize that simply introducing a cryptocurrency to social media<br \/>users is not enough to capitalize on this market. Recently, the SEND team<br \/>conducted a survey of 2,600 people from around the world and found that<br \/>only 20% were crypto literate. Hence, although we expect to fill a key role in<br \/>the adoption of cryptocurrency using our technology as the medium to tap<br \/>into the limitless potential of social and crypto interaction, we envision serving<br \/>also as a bridge between early and late adopters of cryptocurrency by<br \/>pioneering simplicity in the crypto-sphere with a social media based<br \/>cryptocurrency platform, the mission of which is to facilitate the most straightforward,<br \/>user friendly, and intuitive peer-to-peer cryptocurrency transfers.<\/p>\n<p> <a href=\"https:\/\/socialsend.io\/\" target='_blank\"' rel=\"noopener noreferrer\"> Social Send Website<\/a> <br \/><a href=\"https:\/\/socialsend.io\"> Social Send Whitepaper <\/a> <strong><\/strong><\/p>\n<p>Social<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Abstract We are living in the digital era. Social networking has become second natureto us and is a seemingly unavoidable part of our everyday life. In a similarmanner, adoption of blockchain technology and cryptocurrencies is growingexponentially and will soon be paramount in our daily financial exchanges. Webelieve that a well-crafted and readily accessible cryptocurrency should [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4853","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/4853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=4853"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/4853\/revisions"}],"predecessor-version":[{"id":4854,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/4853\/revisions\/4854"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=4853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=4853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=4853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}