SocialX: A Customized Protocol for Social

We have seen some practical cases of application-specific blockchains, such as Ronin for games, Flow for NFTs, and Chiliz for sports. However, so far, these application-specific blockchains still have scalability issues. For example, the game-specific Ronin is dedicated to Axie Infinity and currently cannot be easily extended to other game ecosystems. Chiliz tokens are applied to the Socios.com platform through sidechains, and each club will become a proof of authority (POA) validation node. However, this mechanism is also limited to authorized club application scenarios. The ideal customized solution should allow customization functions from the consensus layer to the data availability layer and the settlement layer to better provide pluggable flexibility.

Here we introduce the SocialX protocol, an extremely simple customized social protocol aimed at solving the customization needs of blockchain applications in the social field. SocialX originates from the Fibonacci network. Fibonacci is the first blockchain to put SocialX into practice. Currently, it has been tested well on Fibonacci.

SocialX is a standardized social protocol with scalability and extensibility. It is not a closed protocol and can be customized and applied to other blockchains such as Ethereum, Solona, Avalance networks, etc.

Blockchain applications in the social field have many pain points:

1. Single chain operation: Most social blockchain applications are built based on a single blockchain network. This single-chain structure has certain limitations in data processing and storage, such as poor scalability, easy congestion, etc.

2. High gas fees: For social applications, high gas fees are a significant problem because they can adversely affect the user experience.

3. Slow speed: Due to the inherent attributes of the blockchain, such as decentralization and distribution, its data processing and verification speeds are relatively slow. This is a major problem for social applications that require efficient interaction and fast response.

4. Data storage issues: Unlike traditional centralized applications, data on the blockchain is permanently stored and cannot be deleted or modified. This is also a challenge for social applications because they need to store a large amount of user data and content.

The above problems have adversely affected the development, deployment, and user acceptance of blockchain applications in the social field. The SocialX protocol proposes a series of solutions to these problems, such as adopting a multi-chain structure, optimizing the efficiency of smart contract execution, reducing GAS fees, and other technical improvement measures.