ChallengeDapp is Assisting Users In Gaining Control of The Value They Create on Social Platforms

Web 2.0 applications changed the way we interact and relate to the world around us. These platforms made our lives easier and more enjoyable, but they had some flaws that hampered the user experience over time. Several issues concerning data security, transparency, and censorship prompted people to raise concerns and cast doubt on the sustainability of these applications. It appears that a new system is required to address the issues and dispel the doubts raised by web 2.0 applications. In this article, we will look at ChallengeDAC, an innovative platform built on the Telos Blockchain, and how it plans to gain control of the value users create on applications.

The ChallengeDAC Platform

ChallengeDAC is a platform that uses blockchain technology principles to help individuals control the value they create on social platforms to solve the current problems plaguing Web 2.0 applications. The platform does not censor its users, which is coherent with its goal of being completely decentralized. The ChallengeDAC offers a variety of challenges in which its users can earn tokens. Users can take part in the following challenges on the ChallengeDAC platform without putting their tokens at risk:

Task Challenge: The platform allows users to participate in and create what the ChallengeDAC community considers a challenge. A task challenge takes place when a creator specifies a task that must be completed. The user who completes the task submits evidence of completion in the form of a picture, video, or text in the comment section. Once the evidence has been verified, the challenge creator rewards the user who completed the task.

Geo Challenge: The Geo Challenge occurs when the creator of a challenge rewards a user based on their location. The challenge creator specifies a location where a user can claim a reward, and everyone within that location has the opportunity to claim the reward tokens.

The ChallengeEOS app allows users to claim a free account name in order to send and transfer cryptocurrency through the app. New users are given a specified amount of CHL Tokens, the platform's native token. The platform is built on the scalable and fast Telos blockchain, and the names and balances of users' accounts are published on the chain. The advantage of the ChallengeEOS application over centralized applications is that data from Challenges and other platform activities are permanently stored on the blockchain.

Telos Blockchain: Why should you use it?

The ChallengeDAC platform chose the Telos blockchain because it is fast and scalable. Telos is a decentralized blockchain network that is supported by a scalable smart contract blockchain and its native token TLOS. Telos uses the Delegated Proof-of-Stake (DPOS) consensus and offers distinct advantages to products that use its blockchain. Telos' transactional speed is 30 times that of Ethereum, the world's most popular blockchain. In addition, the telos blockchain has low to near-zero gas fees, which aid in increasing user adoption in accordance with web 3.0 principles.

The development of the ChallengeDAC platform on the Telos blockchain will aid the application's goal of being a "user-centric" and transparent platform. Furthermore, unlike other blockchains, the Telos blockchain is less harmful to the environment. All of these factors, among others, are why ChallengeDAC chose to launch its platform on the Telos blockchain.

Closing Thoughts

The ChallengeDAC Application appears to have positioned itself as a platform that promotes and implements transparency, data security, and censorship-free communication. The platform appears to be promising because it assists users in regaining control of the value they have created on applications. Another advantage that may set the platform apart is that it is built on the Telos blockchain, which is unrivaled in terms of speed and scalability.