Bitcoin SV’s Tweetch looks open source after being shut down
Twetch, a social media platform running on the Bitcoin SV (BSV) blockchain – Web3's competitor to X – was unexpectedly shut down on June 6 without prior notice.
Soon, many crypto investors were unable to redeem or withdraw their virtual tokens (NFTs) and virtual collections. “We're working on it,” the company said in a response to an investor.
The Twitch website did not reveal why it was ultimately shut down. However, as of this writing, users can still download the Twitch mobile app from the Apple and Google app stores.
Bitcoin SV was founded by Craig Wright, who for years tried to claim credit for creating Bitcoin (BTC).
On March 14, a UK court ruled that Craig Wright is not Satoshi Nakamoto, the anonymous creator of the Bitcoin network.
It's important to note that Josh Petty was the CEO and founder of Twitch.com and that the BSV app had nothing to do with Wright.
Leaving a legacy of desire
In a subsequent tweet, Twitch indicated that the social media platform may still have a future. The company aims to bring the idea of Twitch to life by open-sourcing the code.
“We're also seriously considering open source, so anyone can spin whatever version of Twitch they want.”
Challenges facing Web3 platforms
While competitors like Twetch struggle to attract a strong user base, X faces different challenges.
Related: CoinGecko's X Accounts Hacked in Phishing Attack
Hackers on X continue to hack popular social media accounts to rescue fake investments and crypto funds. Recently, unusual activity on the Protocol X account raised suspicions of a similar attack.
A number of tweets came out of the protocol's official X handle, asking its nearly two million followers to “reclaim your sovereignty,” among other odd instructions.
Magazine: Longevity Expert: AI Will Help Us Become ‘Biologically Immortal' By 2030
