Ethereum-based Sapien plans to use the Matic Network technology to create a scalable decentralized network, as well as transactions with SPN and ETH.
Ankit Bhatia, co-founder and CEO of Sapien Network, said that after a few months of development, the company will introduce a completely modernized platform with an updated remuneration distribution mechanism into which Portis wallet will be integrated. At the same time, KyberWidget will allow transactions with internal Sapien tokens (SPN) and ETH.
Bhatia also announced a collaboration with Matic Network, whose technology will be used to create a scalable decentralized social network using the Web 3 concept. According to the head of Sapien, Matic sidechains will be used to conduct transactions and send rewards for high-quality posts and comments, but Matic using the Proof-of-Stake (PoS) consensus method.
He also said that by creating a tokenized platform based on the blockchain, the developers intend to eliminate the shortcomings of conventional social networks and add those features that are absent in them, so that users can earn money on creating content. Moreover, the main goal of the platform is to ensure the confidentiality of user data and complete transparency in relations with users.