HouseParty's CEO Unveils 'Towns' on River Protocol

Decentralized messaging platforms are taking the spotlight. Privacy and content moderation are major concerns in the current social media world. Another concern is ownership of your data.

Well, decentralized messaging platforms take care of all these concerns. A new player in this sector is ‘Towns’. This messaging platform will launch on River Protocol. So, let’s find out what River Protocol and Towns are all about.

What Is Towns?

Towns is a new decentralized messaging platform on the River Protocol. This is an EVM-compatible L2 chain. It works with decentralized nodes. Its smart contracts run on Base. The team behind Towns is the same team that was behind River Protocol. River dates to May 2023.

Ben Rubin, who is also HouseParty’s founder, raised $25.5 million. The main backer is Andreessen Horowitz, or a16z. However, this funding already happened in 2022. 

One of the main features of the protocol is E2EE (end-to-end encryption). This is important for a messaging platform. For example, since it offers improved security and privacy. Their interface resembles platforms like Slack or Discord. Towns offers four important features,

  • Transparency.
  • Security.
  • Decentralization.
  • Privacy through a reputation system.

The decentralized part makes any middlemen redundant. Hence, there’s room for trustless interactions without these middlemen. Other components that set Towns apart from its competitors are customizable onchain features. 

It’s currently available as a web and iOS version. Other versions will become available soon. As already mentioned, it runs on River Protocol, an L2. This keeps transaction fees low and messaging fast. 

Towns also has a plan to sustain itself. It will take a small percentage of all economic activity on the platform. These activities will happen between communities. To find more information about Towns, you can visit their Town Hall info center. The picture below shows the UI of Towns.

Twons on River Protocol

Source: Towns

Conclusion

HouseParty’s CEO Unveils ‘Towns’ on River Protocol. Towns is a new decentralized messaging platform. It offers enhanced security and privacy. You’re also in control of your data.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

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