Decentralization
Review
Pros & Cons
Farcaster provides a decentralized communication platform, giving users full control over their data and interactions.
Open-Source
Operating under the MIT license, it encourages community contributions and enhances transparency.
Privacy
Users have complete control over their data, enhancing privacy compared to traditional platforms.
Developer Freedom
Offers an open platform for developers to build applications without restrictions.
Hybrid Architecture
Efficiently combines on-chain and off-chain systems for data storage and dissemination.
User-Friendly Naming
Integrates Ethereum Name Service (ENS) for easy user mentions in messages.
Authenticity & Security
Ensures message security and authenticity through encoding, hashing, and signing.
Fees
Users face a one-time registration fee and annual storage fees, which may vary with market conditions.
Off-Chain Storage
Messages stored off-chain in Farcaster Hubs could be at risk if these hubs encounter issues.
Username Policy
Usage policy for free names (fnames) could lead to naming conflicts or restrictions.
Message Limitations
The number of messages is capped based on rented storage units, potentially limiting user interactions.