Blockchain-based social network Minds move to ethereum


Blockchain-based social network Minds announced that it has migrated its platform on the ethereum network.

After almost four months of testing on the Rinkeby test network, the start will move to ethereum for the live launch. The company claims to provide a censorship-resistant social network accessible to users, particularly those in potentially authoritarian nations.

The platform also supports about 1.25 million registered users, about 75% of whom have already obtained test tokens. These users will be eligible to receive the platform's live token through a free "airdrop" distribution.

CEO Bill Ottman said the team designed a "chain off-chain hybrid model" to ensure that the system can handle the volume that Minds is seeing and provide a simple user experience for the new arrivals crypto. The on-chain and off-chain model will also help the platform handle large volumes of users without congesting the ethereum network, according to the company.

Users can pay tokens to ensure more people see their posts or earn tokens by interacting with content. Users can also use it to pay creators directly and subscribe to premium content.

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