There’s a new website bitcoin cash proponents are chatting about called Memo. It’s an on-chain social network built on the Bitcoin Cash network. The creator of Memo says the platform is both a protocol and a front-end application that uses the BCH chain to store written data.
An On-Chain Social Network Built on the Bitcoin Cash Blockchain Called Memo
On April 15 a new on-chain social network was launched for the Bitcoin Cash blockchain called Memo. The platform allows users to create a profile which is tied to a specific BCH address and a public/private key pair. Users can then tether certain data using the program such as a website URL, a quote, or a certain date which is hashed into the BCH chain using an OP_RETURN transaction.
“I’m happy to announce the launch of Memo, an on-chain social network built on Bitcoin Cash — Memo is both a protocol and a front-end application,” explains the developer of Memo. “The protocol works by writing transactions to the Bitcoin Cash blockchain. Client applications can read these transactions to see the activity on the network.”
With current social networks, users do not control their data and can have their accounts removed without reason — The blockchain is more than an uncensorable way to send money, it’s an uncensorable way to store data — Memo is an experiment leveraging the blockchain’s data storing capabilities.
A Censorship Free and Immutable Environment
Using Memo is pretty straightforward as all a user has to do is create a username and password which is then tied to a specific key pair with an address. The