The TOWNS digital currency – is the currency of the Towns Protocol, an infrastructure project for communications designed to enable developers to build instant messaging applications.
It consists of a second-layer blockchain compatible with Ethereum Virtual Machines (EVM), decentralized flow nodes for delivering messages, and smart contracts used on the Base platform, which is a second-layer Ethereum platform.
The Towns Protocol allows the creation of programmable group chats called "Spaces." Each Space is owned and managed by its creator or community. These Spaces support encrypted messaging, on-chain memberships, staking mechanisms, and monetization through smart contract functionalities. The protocol is designed to enable users to build communication platforms without relying on centralized intermediaries.
The Towns Protocol was developed by the team behind the Towns app and founded by the creators of Houseparty, a social video app acquired by Epic Games.
The network is secured via Proof of Stake (PoS). It activates the features and functionalities of the protocol. It grants currency holders the power to make decisions regarding the development of the protocol.
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