Bitcoin Gets Its Own Take on Social App Friend.tech - Decrypt

Decrypt
Decrypt

19 Sep 2023 10:58 PM

People can buy tokens tied to individual creators that rise or fall in price, and the tokens can be used to access exclusive content....

  • Alpha, a decentralized social network protocol, has launched on top of Bitcoin, allowing users to tokenize and monetize their online presence and content.
  • Users can buy tokens tied to individual creators, which can rise or fall in price and grant access to exclusive content.
  • Alpha aims to bring a luxurious and exclusive experience to social interactions and is seen as a way to bring new users into the crypto space.
  • The platform leverages a hybrid blockchain architecture, including Bitcoin, Ethereum scaling network Polygon, and its own Bitcoin scaling network called Trustless Computer.
  • Alpha uses Optimistic rollups as a scaling solution, moving computation and data storage off-chain from Bitcoin.

The sentiment towards Alpha and its launch on top of Bitcoin is generally positive. The project is seen as a way to bring new users into the crypto space and provide a luxurious and exclusive experience in social interactions.

Go to publisher site

You May Ask

What is Alpha and what does it allow users to do?How does Alpha leverage a hybrid blockchain architecture?What are Optimistic rollups and how does Alpha use them?What are the concerns raised about Alpha's centralization and verification on Bitcoin?

Suggested Reads