
OSⓂ️OND🎭🎩🔵
@ghostofkyiv
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Farcaster is a decentralized social media protocol built on blockchain technology, primarily using the Optimism network (a Layer 2 scaling solution for Ethereum). Founded in 2020 by former Coinbase employees Dan Romero and Varun Srinivasan, it aims to create a user-centric alternative to traditional social networks. Unlike centralized platforms like Twitter or Facebook, Farcaster gives users control over their data, identity, and social connections, storing user identities on-chain while keeping posts and interactions off-chain for efficiency. Its flagship app, Warpcast, resembles Twitter but operates on this decentralized framework.
Key features include interoperability (allowing seamless interaction across blockchain networks), privacy through encryption, and resistance to censorship due to its decentralized nature. Farcaster also minimizes bot activity with a $5 sign-up fee and limits posts via paid "storage units." 0 reply
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