Matter is built on the Bitcoin Cash (BCH) blockchain and was created to function as a decentralized blogging platform with a social media community layer on top of it.
Right out of the box before we get into our review of Matter, here are the brief bulletpoints that you will find with the in the Mttr.app website.
- Nothing is stored in the BCH blockchain
- private keys are only stored in web browser, no backend access or security threat
- No security threat as the backend keeps no sessions or cookies for your account
- long blog posts are welcomed
- full markdown syntax support
- more advancements like comments, likes and following functions to be added soon
It seems that everybody these days either has a website or blog and some even have both.
The information that is provided through the World Wide Web has to be stored somewhere. For many sites and blogs, there is a web hosting fee and server fees and need to be paid in order to store the information that a company or individual posts. If the fees are not paid, then the site gets taken down and the information is lost. But in the new coming wave of technology, there is a unique solution that is popped up.
Introducing Matter, a decentralized social media community, and blogging platform. What makes Matter so different is that it incorporates BitCoin Cash blockchain technology. With a minimal miners fee, anyone can now create posts of any size that will be stored on the blockchain forever reducing the need to pay the yearly fees of other servers and hosting plans.
By using the Bitcoin Cash Blockchain technology, and paying a one time fee, anyone can post an article without the fear of having it taken down or lost.
About Matter The Company
There is no indication on the site who the team is or who runs the show. The only social media account that is listed is Twitter. According to the Twitter, profile matter is a relatively recent company to utilize the blockchain technology.
Twitter shows that Matter signed up for a new account June 2018. It currently only has five tweets with 85 followers. The site itself shows only 20 posts.
How the MatterApp Works
According to the Matter Protocol that is listed as one of the articles on the site, states that the system uses Bitcoin Cash addresses. One must have a Bitcoin Cash wallet in order to use the platform. It also indicates that all string payloads are encoded.
In theory, the payload size does not expand beyond the OP_RETURN's size of 220 bytes.
The site utilizes Bitcoin Cash as its primary function to perform posts. One merely inputs the information of their post using the platforms specific instructions in order to have the information stored forever on the blockchain.
It is unclear of the cost for a post. The only information that is given is that you can create long posts with a minimal miner fee to get each chunk of data to be stored on the blockchain.
Is it Right for You?
The idea of having information stored using blockchain technology is not a new concept. What is now is the fact that anybody can type anything on any subject and have it permanently placed within the blockchain. While the idea may seem enticing to some the directions given on the site seem to be a bit daunting for those who have no idea how to do HTTP coding. It would seem to take a great deal of patience and be tech savvy to get the post completed.
The site is relatively new, and there may be a few bugs that need to be worked out. On the plus side, using Matter to post blogs and other relative information, you won't have to worry about cookies. There is no backend access to your account. According to the site, your keys are stored in your browser.
Pros and Cons of Company
Since the company is still in its infant stage is hard to determine whether or not this will have a lasting effect. It seems relatively odd that there is no information about the team that built the site or any further information on who runs and operates it. The fact that it uses Bitcoin Cash seems a bit dodgy. The site is deliberately obscure about how much it costs to post on the site. All it states is that there is a minimal fee. The question is though, who gets the fee?
With too many questions and the complicated process of posting articles, it would seem that Matter has a ways to go before it catches the public eye.