Acebyluck
@mkubbe
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Farcaster is a decentralized social media protocol built on Ethereum and the Optimism layer-2 scaling network, founded in 2020 by former Coinbase executives Dan Romero and Varun Srinivasan. Unlike traditional centralized platforms like Twitter/X, Farcaster operates as an open protocol, allowing developers to build various applications (clients) on top of it, with the most popular being Warpcast, a Twitter-like app where users post "casts" (similar to tweets), follow others, and engage through likes or "recasts" (retweets). Farcaster emphasizes user ownership, data control, privacy, and censorship resistance, leveraging blockchain technology to store user identities on-chain while keeping posts and reactions off-chain for efficiency. Users pay a small fee (e.g., ~$5-$7 in ETH) for "storage units" to post, which helps deter bots. 0 reply
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