A new entrant in the social token network arena, Alpha, has emerged as a potential rival to the well-known Friend.tech platform. However, what sets Alpha apart is its foundation on the Bitcoin blockchain, offering a unique take on decentralized social networking and content monetization.
Alpha’s Bitcoin-Powered Ecosystem
Alpha, akin to Ethereum-based Friend.tech, functions as a decentralized social network protocol, enabling users to monetize their online presence and content through social tokens. What distinguishes Alpha is its infrastructure: it relies on the Bitcoin blockchain for finality, while data storage utilizes the Polygon blockchain. Additionally, Trustless Computer serves as Alpha’s scaling network for Bitcoin.
Layered Architecture for Efficiency
The co-founder of Alpha, known as Punk3700, describes the platform as a “rollup that rolls up to another rollup that rolls up to Bitcoin.” This layered architecture includes NOS-TC, with Trustless Computer (TC) acting as an optimistic rollup layer directly integrated with the Bitcoin blockchain. NOS, another optimistic layer, enhances scalability on Bitcoin.
Cost-Efficient Data Handling
Alpha’s innovative approach combines Bitcoin for data validity and Polygon for data storage, ultimately settling on Bitcoin. This hybrid design optimizes data storage while mitigating the high fees associated with Bitcoin transactions. Punk3700 emphasizes that user benefits, particularly lower transaction costs, are a primary focus in Alpha’s development.
Alpha adopts a robust community-driven development approach, with plans for a referral program that rewards users with 1% of their friends’ trading volume. This program aims to foster a strong user community and encourage content creators to deliver valuable content.