Ethereum-based social network, Sapien, reveals a new partnership

By March 21, 2020 Ethereum
Click here to view original web page at invezz.com
Ethereum-based social network, Sapien,  reveals a new partnership
  • A blockchain-based social network known as Sapien has recently announced a new partnership with Matic Network.
  • The move comes just as Sapien prepares to launch a new version of its platform, and partnership with Matic will grant it greater scalability and power for processing transactions.
  • In any case, it will be interesting to see how the situation will play out, and what other changes will come as part of the move.

Ethereum-based social network, Sapien, recently announced a number of upcoming updates in regard to its platform, one of which is a new partnership. According to the announcement, Sapien is partnering up with an IEO project known as Matic Network.

In a recent interview with Cointelegraph, Sapien Network’s co-founder and CEO, Ankit Bhatia, revealed that the company is ready to launch the next release of its platform — Alpha Persei.

The platform has been in development for months, and it is a completely revamped platform across the board, as Bhatia said. Bhatia then also highlighted several new aspects that the platform has to offer, including the new wallet called Portis, that is built into it, as well as e new rewards system that was included into the engine after reconstruction.

The new partnership with Matic Network will also go down shortly, and Bhatia commented on that as well, stating that Sapien is using Matic sidechains, which are plasma-based PoS chains, to power the charging of the platform and its internal promotions.

What this means is that it will for sending transactions instead of the project’s own MainNet. It will power regular payments, tips, high-quality comments and posts, and more. In fact, according to Bhatia, it will be the infrastructure that the company wants to build on, and one that has far more advanced ability to scale than the project’s MainNet itself.

The scalability problem is far from being new in the crypto industry, and each project has been trying to tackle it in its own way. Some established projects, like Ethereum, have made significant progress, although it is still questionable whether or not that would be enough.

Meanwhile, new, innovative projects are coming up with their own new solutions. With new solutions constantly emerging, many are leaving established networks such as that of Ethereum and seeking out better options, which is the case with Sapien and Matic Network.

About the author

The move comes just as Sapien prepares to launch a new version […]

Leave a Reply