Friend.tech look-alike ‘Alpha’ emerges on Bitcoin network

The Bitcoin web got its ain community-based societal token ecosystem, aft a caller task emerged overnight called Alpha. 

Alpha is akin to the widely-known, Ethereum-based level Friend.tech, arsenic it acts arsenic a decentralized societal web protocol. It allows users to monetize their online persona and contented instauration via its societal tokens.

— New Bitcoin City (@NewBitcoinCity) September 16, 2023

However, dissimilar Friend.tech, Alpha has a antithetic makeup. The finality is anchored connected the Bitcoin blockchain, portion the Polygon blockchain is utilized for information retention and past Trustless Computer is the project’s ain scaling web for Bitcoin. 

A co-founder of the project, a pseudonymous idiosyncratic dubbed Punk3700 is quoted describing the constitution of Alpha, “a rollup that rolls up to different rollup that rolls up to Bitcoin.” 

Cointelegraph spoke with Punk3700 to amended recognize the developments down the motorboat of the caller Bitcoin-based societal token network.

“Alpha implies a layered architecture that includes NOS-TC. Trustless Computer (TC) is an optimistic rollup furniture that centers straight connected the Bitcoin blockchain. NOS is implemented arsenic different optimistic merchandise of layers to supply further scalability connected Bitcoin.”

Optimistic rollups are besides referred to arsenic zero-knowledge rollups (zkRollups). He said the layers “work successful tandem” to supply information and ratio for the situation to deploy decentralized applications.

“NOS is configured with a hybrid plan that uses Bitcoin for information validity,” helium said, “and past uses Polygon for information retention - successful the end, we settee connected Bitcoin.”

“​​This volition let for flexibility with information retention for antithetic needs due to the fact that the interest connected Bitcoin is insanely expensive. We judge that for those kinds of actions, we shouldn’t wage a lot.”

He said gathering up Alpha successful this mode helps payment the users successful presumption of lowering transaction fees. According to Punk3700 users and the assemblage are the main thrust for the creators of the Alpha platform, who developed and launched successful lone 48 hours.

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“Alpha has a beardown community-driven improvement approach,” Punk3700 said. He mentioned a caller referral programme presently being built which volition let users to gain 1% of their friends' trading volume.

“This volition promote users to to invitation their friends into the platform, and besides volition animate contented creators to make much invaluable content.”

Alpha works by users purchasing tokens connected to contented creators themselves, which are utilized to entree exclusive content.

While Alpha is rapidly amassing caller users aft its launch, Friend.tech precocious posted connected X astir its decision to punish users who usage forks of copycat versions of its platform.

“To marque definite loyal users are rewarded reasonably during our beta, users moving to forks and copies volition automatically opt retired of earning Points and forfeit existing points,” it tweeted. 

That came soon aft the platform was announced arsenic “dead” by critics aft a slump successful cardinal metrics including idiosyncratic activity, inflows and volume. It besides struggled with rumors of a information leak - which Friend.tech refuted- of implicit 100k of its users' idiosyncratic information being breached.

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