Ethereum

2024

Bitcoin

<h4><strong>Snapchain is like a regular blockchain, but with a few key changes that make it a perfect fit for <a href="https://www.altcoinbuzz.io/?s=social+networks" target="_blank" rel="noopener noreferrer nofollow">social networks</a>. </strong></h4>
<p>It’s built in Rust, can handle over 10,000 transactions per second (TPS), and is ready to support millions of daily users.</p>
<h5><strong>Snapchain: A Game-Changer for Social Apps?</strong></h5>
<p>So, how does Snapchain work? When you tap “like” on a post or follow someone. It creates a transaction that gets bundled into a block, just like in a blockchain. But unlike regular blockchains, Snapchain has a few tricks up its sleeve that make it faster, cheaper, and more user-friendly for everyday use:</p>
<ul>
 <li>Transactions aren’t turning-complete. This means that they’re simpler and don’t require complex calculations.</li>
 <li>There are also no fees per transaction, which makes using the app a breeze.</li>
 <li>Snapchain doesn’t keep all the old data forever: History is “garbage collected” often, meaning older transactions are cleaned up to save space. This ensures that the system doesn’t get bogged down with too much data.</li>
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<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Introducing Snapchain</p>
 <p>Snapchain is a new data layer for the <a href="https://twitter.com/farcaster_xyz?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@farcaster_xyz</a> social network, which keeps apps in sync.</p>
 <p>It’s written in Rust, can handle 10k+ TPS and will support millions of daily users. <a href="https://t.co/WfokoZPTHO" rel="noopener noreferrer nofollow">pic.twitter.com/WfokoZPTHO</a></p>
 <p>— Varun Srinivasan (@varunsrin) <a href="https://twitter.com/varunsrin/status/1865108832617402870?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 6, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>One of the coolest features of Snapchain is how it handles sharding. Sharding is a way to split the workload so that different parts of the system can handle different tasks. Since Snapchain transactions only affect one account at a time (like “liking” a post or following someone), sharding is much easier. Each shard can be assigned specific accounts, so there’s no need for complicated communication between shards.</p>
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      <h5><strong>Affordable Pricing and Easy Account Management with Snapchain</strong></h5>
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<p>Unlike most apps that charge you for each post or action, Snapchain uses a yearly fee of just $2. For that small fee, you get about 500 transactions per hour and 10,000 transactions stored in your account. This is more than enough for most users, and if you run out, you can easily pay to increase your limits. Once they complete that, they can use special “app keys” to sign Snapchain transactions. If you delete a post, Snapchain saves space by removing both the post and the deletion, so it doesn’t take up unnecessary room.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Snapchain gives users unlimited transactions for a yearly fee. Asking users to pay for each post will discourage usage, no matter how small the fee is.</p>
 <p>When a user pays the $2 yearly fee, they get:<br> 1. A rate limit of ~ 500 tx/hr<br> 2. A storage limit of ~ 10,000 tx</p>
 <p>These limits…</p>
 <p>— Varun Srinivasan (@varunsrin) <a href="https://twitter.com/varunsrin/status/1865108840611770503?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 6, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Snapchain relies on a blockchain to manage accounts and collect fees. Users create their accounts through a registry contract on the <a href="https://www.altcoinbuzz.io/?s=ethereum" target="_blank" rel="noopener noreferrer nofollow">Ethereum network</a>. Once they complete that, they can use special “app keys” to sign Snapchain transactions.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/farcaster-introduces-snapchain-for-faster-social-networking/" rel="noopener noreferrer nofollow">Farcaster Introduces Snapchain for Faster Social Networking</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Farcaster Introduces Snapchain for Faster Social Networking

Altcoin Buzz

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