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Home BUSINESS

Web3 Social Media Protocol Launches Scaling Solution To Provide Instant Posts

BlockNews Team by BlockNews Team
May 5, 2023
in BUSINESS, CRYPTO, MEDIA, SOCIAL
Reading Time: 3 mins read
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By processing and storing posts, comments, and shares from the Polygon network, the Lens Protocol team has introduced a new solution called “Momoka” to grow blockchain social media apps and boost scalability for Lens.

  • To scale blockchain social media applications, Lens Protocol has introduced a new product named “Momoka.”
  • The team thinks Momoka will be a crucial step in encouraging the widespread use of Web3 social apps.

New Web3 Social Media Protocol

A new network named “Momoka” has been introduced by Lens, a Web3 social media protocol, to grow blockchain social media applications. By processing and storing articles, comments, and shares, the new system removes data from the Polygon network, allowing Lens to scale more quickly. The Polygon network cannot support the transaction volume or data storage requirements of large-scale social networking apps, according to a technical document attached to the announcement, necessitating the introduction of a new “optimistic L3 hyperscaling data solution.” The Lens team thought this restriction might make it difficult for the protocol to expand as its user base grew. Momoka was introduced as a layer 2 of Polygon or an “L3” of the Ethereum network to address this issue.

What is Lens Protocol?

A blockchain protocol called Lens Protocol enables individuals to create a portable “social graph,” or digital network of connections, between themselves and others. Users can move relationships they establish with others on one Lens app to any other app developed using the protocol. The official website for the protocol lists 17 different Lens-based social media applications, including Buttrfly, DumplingTV, Lenster, Lenstube, and others. Layer 2 of Ethereum’s Polygon network is where Lens operates.

What is Momoka?

The Lens has introduced a brand-new network called Momoka to help blockchain social media apps grow. The network has three kinds of nodes: submitters, verifiers, and timestamps. Contributors create metadata, validate transactions, and submit them to Bundlr. Verifiers keep an eye on the information that submitters provide and verify that it is accurate. The correct block number and timestamp for a specific piece of data are determined using timestamps.

How does Momoka work?

Momoka stores huge files on Bundlr, a decentralized storage platform based on Arweave, along with verification information about them. This approach should, according to the study, “[provide] consumers with the experience (instant posts, etc.) they have come to expect from social networks.”

Why is Momoka important?

According to Lens Protocol’s founder Stani Kulechov, Momoka will be a significant step toward encouraging the widespread use of Web3 social apps. Decentralized social must scale to compete with web2. We’ll continue to see web3 innovation, new, innovative, and engaging features and business models that will accelerate web3 growth, with the ability to sustain widespread consumer adoption.

Other Decentralized Social Media Protocols

Several businesses have recently developed decentralized social media protocols, including Lens, Subsocial, DeSo, and others. The developers aim to increase blockchain networks’ appeal outside of the financial sector. Some blockchain experts think decentralized social media will be the next big thing in cryptocurrency, even though they have yet to achieve the success of Facebook, Twitter, YouTube, and other Web2 social apps.

Conclusion

An essential step towards adopting Web3 social apps has been made with the launch of Momoka by Lens Protocol to scale blockchain social media platforms. By removing data from the Polygon network, Lens can offer its consumers more scalability. This will give users the social network experience they’ve grown accustomed to, including instant posts. When new decentralized social media protocols emerge, they will expand blockchain networks’ appeal beyond the financial sector. Decentralized social media protocols could be the next big thing in cryptocurrency, even though they might not be as successful as Facebook, Twitter, and YouTube.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BusinessMomokaSocial MediaWeb3
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