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Chema12
Jul 12, 2022

time to learn

We all know what bbs can achieve or what you can achieve within bbs

But do you know what bbs is?

Do you know what socialfi is?

Well I know that many do know that without these things but some do not and they are basic concepts to understand what bbs does

I begin by explaining what the acronym BBS means, its full name is "Bulletin Board System"

And what is bbs? Well, to explain it briefly, here are the words of the creator of BBS:

Eyal Hertzog, founder and CEO of BBS, said:

“BBS Network's mission is to return control of the content and economics of the project to the users of the social network. We are excited to partner with Binance Labs to further decentralize SocialFi's reach. The investment will allow us to focus on building and implementing features such as native apps, search engines, and BBS cross-validation."

That is a summary of what it is but to explain a little about what "socialfi" is, we must first know what an "nft" is, what are the "Defi" that is a "web" and what is a "blockchain" if you don't know what are these things I recommend you read about it since bbs is a socialfi platform and that means that it is the union of all these things achieving a decentralized platform that aims to give control of the project and economy to users within bbs this means that bbs is at the expense of the community within itself and at the same time the community is at the expense of bbs we do not depend on external agents to build and grow. Therefore, the bbs economy deals with the control of your publications that will be carried out in nft within the platform, allowing you to buy or sell these nft and get tokens at the same time.

I hope you like it and it serves you we must read and learn what we like

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