FriendTech Builds Its Own Platform: Moving from Base to Friendchain

Bittime - FriendTech, Web3's innovative social media platform, announced a strategic move to build its own platform. The platform will move from Base, Coinbase's Layer 2 blockchain, to the specially developed Friendchain network.

FriendTech's collaboration with Conduit

FriendTech's collaboration with Conduit, a leading blockchain infrastructure provider, will enable them to build Friendchain with greater flexibility and customization.

The Friendchain network will use FriendTech's native token as a "fully transferable Gas token".

Although FriendTech has not announced the exact date of the move, they promise to provide users with the latest information via their official blog in the next few months.

Reasons Behind FriendTech's Move

FriendTech's decision to build its own Friendchain was driven by several factors:

1. Need for Customization

FriendTech needed a network that could adapt to the specific needs of its social media platform.

Friendchain will allow them to customize blockchain protocols and features to suit their needs.

2. Minimal Dependencies

FriendTech wants to minimize its dependence on third-party platforms. Building their own Friendchain will give them greater control and autonomy over their infrastructure.

3. Innovation and Scalability

Friendchain will allow FriendTech to explore new features and applications that are not possible on Base. This network is also expected to support the platform's future growth and scalability.

Impact on FriendTech Users

The move to Friendchain will likely impact FriendTech users in several ways:

1. Use of FriendTech Tokens

FriendTech tokens will play an important role in Friendchain as “Gas tokens”. Users need to understand the role of these tokens and how they will be used in the new network.

2. Compatibility

FriendTech needed to ensure compatibility with existing blockchain wallets and applications to make the transition smooth for users.

3. Information and Support

FriendTech must provide users with clear and comprehensive information about this move, including the guidance and support necessary to adapt to Friendchain.

The Future of FriendTech and Friendchain

Migration to Friendchain certainly brings its own hopes and challenges for FriendTech.

1. A More Innovative Platform

With full control over their own blockchain, FriendTech can develop new features and applications that are unique and fit their vision.

2. Better Scalability

Friendchain has the potential to overcome Base's limitations and allow FriendTech to host more users and activities in the future.

3. Greater Decentralization

Building its own network can reduce FriendTech's dependence on third parties and contribute to the overall decentralization of the platform.

4. Development Complexity

Building and maintaining your own blockchain requires high technical expertise and vast resources.

5. Network Security

Friendchain security is the full responsibility of FriendTech. They need to ensure their networks are protected from attacks and exploits.

6. User Adoption

Migrating to a new network has the potential to cause confusion and reluctance from users. FriendTech needs to build trust and encourage adoption of Friendchain among its users.

Impact on the Web3 Industry

FriendTech's decision to build its own blockchain could impact the Web3 industry as a whole.

1. Considered a New Trend

FriendTech's migration has the potential to spark a new trend where other Web3 platforms consider building their own blockchains. This can encourage innovation and competition in the blockchain space.

2. Interoperability Challenges

If more Web3 platforms build their own blockchains, the challenge of interoperability (the ability to interact with each other) in the Web3 ecosystem may increase.

3. Decentralization vs. Decentralization Centralization

Some may question whether building your own blockchain goes against Web3's decentralization principles. The debate about centralization and decentralization in Web3 may become increasingly prominent.

Conclusion

FriendTech's decision to build Friendchain is a bold move that could give the platform greater control and flexibility.

Users need to keep up with the latest developments and be prepared to adapt to upcoming changes.

This move demonstrates FriendTech's commitment to building an innovative and sustainable Web3 social media platform. Friendchain has the potential to be a strong foundation for the future of FriendTech and its community.

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