Tech 8 August 2018Erik Gibbs
Bitcoin Cash-driven memo.cash platform alive and kickin’
Memo.cash, the social media platform powered by Bitcoin Cash (BCH) continues to gain favor among Bitcoin BCH fans. It was introduced a few months ago and has since become a popular messaging service, even causing competition, such as Blockpress, to gracefully bow out. Thanks to a steady stream of additional functionality, the platform is making great strides in becoming the go-to social media service, and it doesn’t show any signs of slowing down.
Anyone can create a Memo profile. The platform’s rise in popularity comes from its mantra of not censoring messages, which can contain pictures, videos, animation and, of course, simple text. Tips are given to users for their posts through BCH, giving an added incentive to further the platform’s expansion.
When Memo was first introduced, the maximum number of characters was 77. When the BCH network saw its latest network upgrade in May, the blockchain’s default data-carrier size was bumped up to 220 bytes, which allows Memo posts to now be as many as 217 characters. This has brought substantial more functionality to the platform and created a much more active community.
A number of extensions have been implemented, as well. Andreas Brekken recently launched a protocol, the Memo Enhancement Suite (MES), which allows users to customize the Memo app. The open-source extension gives members the ability to update their design and layout, automatically expand GIFs and images and provides the ability to “like” a post. MES is capable of remembering what users have liked, as well as their profile passwords. According to the MES repository on GitHub, “Your password is stored in plain text in the browser’s localStorage. It’s probably safe unless your computer is already broken into.”
Another extension now available is the open-source Big Earth extension. This is a Memopress extension that offers helper methods for reading and writing to the BCH blockchain using the Memo and Blockpress protocols. Additionally, several other extensions, such as Twitter Bot_Opreturn, read.cash and Chainfeed, have been introduced.
Blockpress still exists, but it hasn’t been maintained. The app’s developers have already indicated that that were shopping around for someone to take it over, posting on Reddit, “We wanted to reach out to the community here to see if anyone would like to take over the development and/or ownership of www.Blockpress.com — We have been working on other projects and think that new leadership and development would be good to have to take this app to the next level.” Apparently, no one has yet to raise their hand.
Memo has a Twitter-esque feel to it, which was possibly why it has been able to catch on quickly. However, it excels due to its censorship-free environment and rapid expansion of capabilities. As far as social media platforms go, it’s the only one that actually provides a truly free environment for sharing information or even just letting off a little steam.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.
Tech 15 February 2019
How Metanet creates an immutable Internet
Metanet and Bitcoin were roughly conceived “in the depths of the late 90s” from the concept of an economically incentivized Internet, according to nChain Chief Scientist Dr. Craig Wright.
Tech 15 February 2019
HSBC slashes forex costs with blockchain
The firm confirmed it had reduced costs for its forex business by as much as 25%, in what analysts describe as an example of the importance of distributed ledger technology to banks and their bottom lines.
Tech 14 February 2019
UC Berkeley launches blockchain accelerator for startups
The University of California, Berkeley recently announced the launch of a new blockchain-focused accelerator, the Berkeley Blockchain Xcelerator for blockchain startups.