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Bitcoin SV’s Social Platform Twetch Streamlines P2P Payments

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Bitcoin SV powered social media platform Twetch has launched a feature to streamline peer-to-peer (P2P) payments.

Twetch is a Twitter-like social media platform where users must make micropayments in order to post and engage with content on the platform. Content creators are directly paid for their activity through a revenue sharing system based on likes and shares. The platform is currently in private beta.

Command-line style payments feature

Tweet has rolled out the ability for users to send BSV to each other by entering the command-line ‘/pay’, a user’s tag, and the dollar value of the transfer into the app.

Twetch payments are on-chain, allowing for transfers to be publicly validated. Tagging users on the social platform also pays them $0.001 in crypto.

Alongside the new payment feature Twetch has implemented ’read API’ to the social platform’s software development kit (SDK) on github. The functionality allows developers to create customized Twetch clients that can filter content by a specific topic. 

The platform has also introduced an ‘advanced search’, however, users must pay $1 to unlock the feature.

Twetch data is written to Bitcoin SV 

Twetch claims to offer users full control over their data and content on the platform by writing it to the Bitcoin SV platform. Twetch’s CEO and founder Josh Petty has described the platform as “an interface to publish and view information on Bitcoin [SV].”

Petty claimed that the platform helps to combat fake news by financially disincentivizing the proliferation of bots on the social media platform. Posting to the Bitcoin SV blockchain costs $0.02.

The platform appears to be a step along the road to nChain Chief Scientist Crag Wright’s vision for the Metanet, which is a blockchain-powered version of the Internet where all activity is recorded on chain.





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Enjin joins Crypto Climate Accord, goes carbon negative

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Enjin, a blockchain gaming and nonfungible token platform, has stepped up to decarbonize its footprint by joining the Crypto Climate Accord, a move that adds further credibility to the industry’s growing environmental mandate. 

The Crypto Climate Accord is backed by 20 firms from the blockchain, fin-tech and greentech industries. Inspired by the 195-signatory Paris Climate Agreement, the Accord was established in April to address the “large and growing energy consumption of cryptocurrency and blockchain, and the climate impact of their energy use.”

Enjin claims that its JumpNet blockchain has already achieved carbon-negative status nine years ahead of schedule. In March, the company said it planned to enable carbon-neutral NFTs by 2030.

“The creation of new forms of technology should never come at the cost of destroying our environment,” said Enjin CEO Maxim Blagov. “Carbon neutrality for JumpNet is an important step toward our vision of a sustainable NFT ecosystem for Enjin and our partners.”

In addition to decarbonizing newly created tokens, Enjin’s environmental sustainability plan includes supporting the tokenization of the physical economy and decarbonizing existing digital assets. Other measures include upgrading to carbon-neutral nodes and incentivizing carbon reduction technologies.

Environmental concerns have virtually hijacked Bitcoin’s narrative this year, with the likes of Elon Musk casting shade over carbon-intensive mining. The Tesla CEO briefly embraced Bitcoin earlier this year before deciding that BTC payments are no longer acceptable due to environmental risks. Now, he states that his firm is willing to accept payments of the virtual currency, provided there’s more evidence for sustainable mining.

Related: Elon Musk lays out when Tesla will begin accepting Bitcoin payments

Other environmental sustainability efforts within crypto are also underway. As Cointelegraph reported, Tyler and Cameron Winklevoss’ Gemini exchange has purchased carbon credits to reduce Bitcoin’s carbon footprint. Separately, U.S. miner Stronghold Digital Miner recently announced that it raised $105 million to divert waste coal to cryptocurrency mining.