Snapchain

Farcaster introduces a new data layer Snapchain

#Snapchain is a new data layer for the #Farcaster social network, designed to keep applications seamlessly synchronized. Snapchain offers users unlimited transactions for an annual fee, avoiding per-post charges that could deter usage, regardless of how minimal the cost is. By paying the $2 annual fee, users receive a rate limit of approximately 500 transactions per hour and a storage capacity of around 10,000 transactions. Snapchain will go into alpha in December and target Q1 2025 for a full launch.

Farcaster is a decentralized protocol designed specifically for building social networks. It has raised $180M in funding rounds baked by Paradigm, a16z crypto, Coinbase Ventures and others.

👉 x.com/varunsrin/status/1865108832617402870

Farcaster introduces Snapchain for decentralized social media

#Farcaster has launched Snapchain, a new #blockchain -like data layer designed to enhance social media interactions with high-speed processing. The system, which can handle over 10,000 transactions per second, was developed in just six months.

#Snapchain serves as a data storage layer for Farcaster, optimizing performance for features like post engagement and crypto transactions. The launch coincided with the debut of airdrop offers, a program rewarding user activity.