Farcaster

From Kerman Kohli (21-10-2022):

"Farcaster is a sufficiently decentralized social network. It is an open protocol that can support many clients, just like email."

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release:

Audits & Exploits

• Bug bounty program can be found [insert here].

Technology

• Whitepaper or docs can be found [insert here].
• Code can be viewed [insert here].
• Consensus mechanism:
• Algorithm:
• Virtual Machine:
• Development language used:

Transaction Details

• Capacity (TPS):
• Latency:

How it works

• A hybrid architecture with on-chain and off-chain components (4-11-2022):

"They first leverage the security of Ethereum to store Identities on-chain in smart contracts, the address that controls the Identity can then be used to sign off-chain messages on it’s behalf. This off-chain infrastructure is Farcasters own, always on - user controlled servers called ‘Hubs’. These hubs are used to validate, store, and replicate signed messages. This data is stored off chain due to it being expensive to store on most L1’s and L2’s.

With this system Farcaster enables a deeper focus on the application layer. Applications are programmes people use to interact with the Farcaster network, meaning users can switch between applications anytime to what best suites their needs. These applications can vary in complexity, some may only publish new messages and view messages published by others. While other apps may index the data and enable search, algorithmic feeds, and spam detection. These features of which are difficult or expensive to perform on the Hub itself."

Roadmap

• Can be found [Insert link here].

Usage

• From Kerman Kohli (4-11-2022):

"Farcaster is gaining traction week-on-week. With over 500 new users per week, 1600 weekly active casters, 4,124 connected addresses and a lot of continued engagement over 3 months. There’s already many applications built on Farcaster. There’s already lot’s of different approaches to the application layer. If you’re interested in checking them out, take a look at Alertcaster, Fardrop or Launchcaster, or having a look at the Farcaster ecosystem here."

Team, Funding and Partners

Team

• Full team can be found [here].

(:

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