THELOGICALINDIAN - Theres a new website bitcoin banknote proponents are chatting about alleged Memo Its an onchain amusing arrangement congenital on the Bitcoin Banknote arrangement The architect of Memo says the belvedere is both a agreement and a frontend appliance that uses the BCH alternation to abundance accounting data
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An On-Chain Social Network Built on the Bitcoin Cash Blockchain Called Memo
On April 15 a new on-chain amusing arrangement was launched for the Bitcoin Cash blockchain alleged Memo. The belvedere allows users to actualize a contour which is angry to a specific BCH abode and a public/private key pair. Users can again binding assertive abstracts application the affairs such as a website URL, a quote, or a assertive date which is hashed into the BCH alternation application an OP_RETURN transaction.
“I’m blessed to advertise the barrage of Memo, an on-chain amusing arrangement congenital on Bitcoin Cash — Memo is both a agreement and a front-end application,” explains the developer of Memo. “The agreement works by autograph affairs to the Bitcoin Cash blockchain. Client applications can apprehend these affairs to see the action on the network.”
A Censorship Free and Immutable Environment
Using Memo is appealing aboveboard as all a user has to do is actualize a username and countersign which is again angry to a specific key brace with an address. The user’s abode can be apparent on any blockchain charlatan and you charge to amount up the abode with BCH in adjustment to advance the platform’s features.
It doesn’t booty much, as autograph a announcement or interacting with others on Announcement costs beneath than a penny. In adjustment to balloon the Announcement appliance we aloof loaded up $1 USD account of BCH to get started. This allows you to chase specific profiles which will actualize a augment for you at the basal of the screen.
Creating a announcement is actual simple as you aloof abode or archetype and adhesive the argument into the chat box, and again access the countersign tethered to your profile. After that, the announcement can be apparent by anybody application the belvedere and the abstracts is angry to a transaction. Users will accept the ‘memo’ if they are afterward the contour who aggregate it, and they can additionally “like” and tip the announcement as well. This agency if you like what the user aggregate you can add BCH to their contour which is about angry to the user’s key pair. If a user collects a acceptable bulk of tips from their followers again they can abjure the funds by utilizing the “export key” button. A abbreviate URL of this commodity has been stored in the BCH alternation and can be begin at this abode here.
Users of Memo should booty into appliance that the appliance is still in its alpha-testing period. This agency you apparently shouldn’t add too abundant BCH to the annual until the developer releases a abiding platform. Right now Memo is accepting a lot of use from the accessible today, and the developers say the “Memo server has been beneath acute load.” The website additionally states that Memo is awful beginning at the moment, and gives anybody a accident abnegation to acquire afore application the protocol.
“You accede that you are appliance an appliance that is in alpha testing, that your annual could be wiped at any time, and that announcement takes no albatross for your annual or keys,” explains the Announcement development team’s disclaimer.
Another Cool Application Returns to Bitcoin
There’s already a lot of bodies to chase on the belvedere and some of them are cryptocurrency luminaries but it’s adamantine to acquaint if the actuality is who they say they are. There’s a agglomeration of funny comments so far and bodies abacus links to Satoshi’s white paper. Memo is aloof accession addition to the insurgence of applications now actuality trialed on the Bitcoin Cash arrangement that were already advised ‘killer apps’ by the bitcoin association in the aboriginal days, afore such ambitions were finer dead by Bitcoin Core’s aerial fees.
What do you anticipate about the Memo application? Let us apperceive what you anticipate about this new belvedere in the comments below.
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Images via Shutterstock, Memo, and Jamie Redman.
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