Farcaster has introduced a new protocol called Snapchain, which is similar to blockchain technology. This announcement came alongside the launch of their “Airdrop Offers” program. This program rewards users for actively engaging with the decentralized social media platform.
Co-founder Varun Srinivasan revealed that Snapchain can process over 10,000 transactions per second. The development of Snapchain took only six months, moving quickly from concept to a functioning product.
This new system is designed to support social media applications, which need efficient processing for many small interactions, such as liking posts or sharing memes. Snapchain serves as a data storage layer for Farcaster and will be regularly pruned to maintain efficiency.
According to Snapchain’s documentation, sharding becomes simpler when transactions involve only one account. Each shard can be assigned to specific accounts, eliminating the need for inter-shard communication.
Farcaster was founded by former Coinbase developers Srinivasan and Dan Romero. It draws inspiration from Twitter and allows various applications to use its open protocol.
Most users interact with Farcaster through the Warpcast instance. This application is evolving into a broader ecosystem for using cryptocurrency in social contexts, such as making payments or launching mini-apps.
Warpcast has a feature called “Frames,” which supports in-app smart contracts. This allows users to sell NFTs or create blockchain-based games without leaving the app. The new airdrop incentive program rewards users for completing actions like installing a frame or casting.
