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Maek Twain edited this page Sep 10, 2022 · 5 revisions

What is sec.exchange?

Second exchange is an experimental social media service that lets anyone, anywhere in the world to create content. Second Exchange uses nostrl technology to operate with no central authority, Second Exchange Core is the name of open source software which enables the use of this service. Why is it needed? The current social media platform are centralised in nature and accrue all the benefits of the user data not only that on top of this they sell the user data without their consent. This type of model finances only the buzz the promise of making the world a better places seems to be out of place. Hence a platform that cannot be blocked by a single party and user owns the data.

How does it work?

Second Exchange works this out by basing work on peer to peer tech stack, ie a client just relays their data that they store at their end (client only store their data) they relay this data through operators (operators are another simple client like relayers that lets user publish their content, a client or user can host their own relayers). A client is a relayer itself a relayer is a client and an operator is both.

We call operators to people who take special efforts by providing data centre like services where they just simply host these relayers for people who want to publish content.

For an example

  • Mehul likes Climate content
  • He would set up a simple cloud service with a relayer
  • If he likes to provided some fees he can set that up directly with content creators or write that in code also (tbd)
  • Then clients relay content using mehuls relayers
  • Mehul provides them up time and etc by throwing more ram and hdd
  • Mehul makes money by curating content

Is it a customisable or configurable product?

The core is open to be extended by anyone, since its OSS.

What level of technical expertise is required to work with it? Does one simply need a smartphone or developer background?

Developers need some level of understanding about how nostr stack works which is very simple. check Nostr

What does/could it replace? Fb/medium/youtube/twitter/godaddy?

It can replace twitter and facebook and youtube !

Could existing platforms plug into it? What and how?

Yeah , the relayers require a client end interface that can be mimicked with small efforts of creating your key pair and sending the message to the relayers

Is it interoperable with similar platforms?

Yeah since the tech stack is low level that means its not complicated at all like i does not require any permissions or sort to publish content just create a key pair discover the right relayers and publish content.

How does it benefit user? Make life easy? Make a certain/set of process/activity efficient/better?

Users host their own content, discover content that they like , they can charge for the content the relay , identities are privacy preserving , censor resistant, user dont need to any extra setup to use the service.

Is it free to use? What costs are required to use a certain feature?

The core project should be ideally free to use, ecosystem should blend and find ways to make project commercially viable applications

Does one need cryptocurrency/token for interaction or usage of a feature?

No no no no, please

Is there a demo to review functionality and interfacing?

https://second.exchange