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| Decentralized Social 
| #DESO
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| DESO Price: | $11.94 | | Volume: | $2.5 M | | All Time High: | $169 | | Market Cap: | $0.1 B |
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| Circulating Supply: | 10,532,253 |
| Exchanges: | 6
| | Total Supply: | 10,532,253 |
| Markets: | 7
| | Max Supply: | 10,808,493 |
| Pairs: | 3
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The price of #DESO today is $11.94 USD.
The lowest DESO price for this period was $0, the highest was $11.94, and the current live price for one DESO coin is $11.94225.
The all-time high DESO coin price was $169.
Use our custom price calculator to see the hypothetical price of DESO with market cap of ETH or other crypto coins. |
The code for Decentralized Social is #DESO.
Decentralized Social is 2.2 years old. |
The current market capitalization for Decentralized Social is $125,778,772.
Decentralized Social is ranked #216 out of all coins, by market cap (and other factors). |
There is a big volume of trading today on #DESO.
Today's 24-hour trading volume across all exchanges for Decentralized Social is $2,548,388. |
The circulating supply of DESO is 10,532,253 coins, which is 97% of the maximum coin supply.
A highlight of Decentralized Social is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market. |
DESO has limited pairings with other cryptocurrencies, but has at least 3 pairings and is listed on at least 6 crypto exchanges.
View #DESO trading pairs and crypto exchanges that currently support #DESO purchase. |
The inaugural DeSo anniversary celebration was off the chain.
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$DeSo lists on Coinbase, immediately drops alpha: DAO tools & smart services soon?
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DeSo publishes the Decentralized Social cheat-sheet.
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DeSo Protocol says smart contracts for Web3 are NGMI.
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The $50 million DeSo fund announces a hackathon, Floyd Mayweather joins Diamond. Probably nothing.
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DeSo Founder invests nearly $100k in DeSo native projects in the last 48 hours
099. Let’s have some hard forking conversations. - Sign up for our free Substack HERE; we deploy every issue (& special features) there. Not on Diamond yet? Create an account here & get a free $25! New week! What’s up DeSo degens 🤠. Did y’all have a very @spookies Halloween? 👻 Ready for another edition of BITS by @BitsTODAY? ICYMI it last week, this is our new byte-sized DeSo newsletter, full of quick-hitting updates (and still plenty of general absurdity) 🙏. Lots to catch up on from last week, so let’s dive right in. Are you a old guard boomer who prefers email (jk… but seriously). No sweat, we’ve got you covered on that front HERE too 📧.“Kandinsky’s Bath”, created by @WilliamLaurent and collected by @La_Galleria_dArte 🎨🤯 — Movers & shakers - Stats via DesignalVia Bithunt — The DeSo download - 🏴☠️ Over the weekend, DeSo founder @nader made a huge splash when he ape’d into @PixelPirates coin 🐋. Lots of folks were stoked… but not everyone! Should @nader practice more discretion in his selective investing, given the signal it sends the community? Or should we be glad he’s a public founder supporting projects he likes? 🤔, 💰 This question takes on even more salience when considered in the context of another announcement @nader made, namely that he will be making more such investments in DeSo NFT artists over the coming weeks. This will be ... 
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Bryce Hall invites his followers to the @afterparty on Diamondapp. All 7.7 million of them.
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The DeSo Community has already organized a vote to elect community reps for the blockchain.
097. Election szn sweeps the DeSocracy. - Sign up for our free Substack HERE; we deploy every issue (& special features) there. Not on Diamond yet? Create an account here & get a free $25! New week! We out here fam. Approaching big @BitsTODAY edition #100 👀. What should we do for the big celebration? Seems like everyone’s all about the NFTs these days… but we’re not smart enough to figure out how to do a generative drop so we’re probably shit out of luck on that front 😂. If you’ve got ideas for how you’d celebrate if you were in our shoes, def let us know ✌️. In any case, let’s get to the news from across the DeSo universe, shall we? Bits on the menu tonight: BuzzClout: Today’s numbers from @bithunt and @designal ⚡️, UX/UI drops: *ding ding ding* — referrals round two 🥊, Community updates 🤝: election szn sweeps DeSo 🗳️, The cloutifieds: Yacht week comes to Tampa 🔥🌴🛥️, — Diamondhands’ drops 💎 - — #1 BuzzClout: Today’s numbers from @bithunt and @designal ⚡️. — Which creators’ coins were hot on the market to start the week? Let’s find out. @designal, waddya have for us? 👀 Same goes for community projects. Anyone making waves this fine Monday, @bithunt? Show us what you’ve got 🙇. — #2 UX/UI drops: *ding ding ding* — referrals round two 🥊. — After the giant saga that was the first rendition of ...
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DeSo founder Nader Al-naji publishes the first ever “State of Decentralized Social”
096. F.N.H.H. The first DeSo state of the union. - Sign up for our free Substack HERE; we deploy every issue (& special features) there. Not on Diamond yet? Create an account here & get $10! Howdy friends, Happy Friday! How we all doin’? Feelin’? We’re feelin’ fine for this rendition of our Friday Night Happy Hour 🍻. Sit back and grab a cold bevvie 🥤of your choice — as always we’re here to regale you with the latest from the world of the DeSo blockchain and the apps built on top of it 🪐. Shall we? Bits on the menu tonight: BuzzClout: Today’s numbers from @bithunt and @designal ⚡️, Gas on the fire update ⛽🔥: the first DeSo state of the union 📜, UX/UI drops: @nader and co. outline the Q4 roadmap 🛣️, General absurdity: DeSo milestones and more 🏆, — #1 BuzzClout: Today’s numbers from @bithunt and @designal ⚡️. — Item #1 on the menu tonight is an ice-cold dose of stats from @designal and @bithunt. They’re here to let us know what’s going down in the world of social tokens on DeSo. Who’s making moves, gents? 👀 — #2 Gas on the fire update ⛽🔥: The first DeSo state of the union 📜. — While the core team tries to ramp up DeSo with its $50M Octane Fund for development teams and a new referral team, they’re also leveling up on communication w/ the community 🤝. Yesterday @nader and team published their first-ever ‘state of ...
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Diligence continues on applicants for the $50 million DeSo developer’s fund.
095. Ruing the referrals. - Sign up for our free Substack HERE; we deploy every issue (& special features) there. Not on Diamond yet? Create an account here & get $10! Helllo mates, Long time no talk. @nvo was out runnin’ around Europe for a bit — don’t worry, we reigned him in and he’s back in the saddle now to write stuff 🤠. It’s been a slower few days on bitclout.com and the new Diamond app anyways, and another price decrease and referral program controversy has folks a bit discouraged 📉. What better time for a @BitsTODAY edition to get this place livening up a bit again, eh? Let’s dive into the world of DeSo 🤿 Bits on the menu tonight: BuzzClout: Today’s numbers from @bithunt and @designal⚡️, UX/UI drops: ruing the referrals😩, Octane fund update ⛽🔥: diligence continues on applicants 👀, Quick hits 🎯: international DeSo, anniversaries, & positive vibes ✌️, — Diamondhands’ drops 💎 - — #1 BuzzClout️: Today’s numbers from @bithunt ⚡️. — First things first, let’s check out the movers and shakers of the day brought to you by @bithunt and @designal: — #2 UX/UI drops: ruing the referrals😩. — Since we last reported on how the referral system was being received by the DeSo community, concern and castigation of how referrals were rolled out has only increased. In edition 094 we discussed the percolating controversy; sinc...
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 | DeSo Offers $1M Bounty for Decentralized Reddit Competitor Amid API Chan...
[PRESS RELEASE - Los Angeles, California, July 6th, 2023]
DeSo, the leading layer-1 blockchain for decentralizing social media, has issued a groundbreaking challenge: a $1 million bounty for visionary founders capable of building a decentralized competitor to Reddit using its infinite-state blockchain. This unprecedented opportunity arises amid escalating discontent with centralized social media platforms, which monopolize content and data.
Reddit recently sparked controversy within its community following a decision to limit API access. This move provoked a series of 48-hour subreddit blackouts in protest. This price hike for their API has forced existing third-party developers to shut down as maintaining their applications becomes impossible.
As Reddit prepares to go public, it is paving the way for fresh products and its in-house developer platform. Reddit CEO Steve Huffman revealed an interest in capitalizing on the platform's wealth of data: “The Reddit corpus of data is really valuable,” he commented. “But we don’t need to give all of that value to some of the largest companies in the world for free.”
This controversy and others highlight the ongoing problems with centralized social media platforms. It's not just Reddit; the landscape of web2 social media is changing. Over the past weekend, Elon Musk temporarily restricted the number of posts Twitter users can read per day, inciting significant backlash:
“To address extreme levels of...
|  | Coinbase-Backed DeSo Unveils MegaSwap, a Stripe for Crypto product, with...
[PRESS RELEASE - Los Angeles, United States, 7th February 2023]
DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across any blockchain ecosystem.
In its limited release, the platform has already seen more than $5 million in volume, demonstrating its potential to revolutionize the crypto market with cross-chain swaps.
MegaSwap offers an alternative and safer solution to the traditional centralized exchange model where users don’t ever have to log in or provide sensitive personal information. Instead of storing their coins on a centralized exchange, users can store them in their own self-custody wallets to mitigate the risk of unforeseen meltdowns, such as those seen with FTX, BlockFi, Celsius, or Voyager.
MegaSwap is a simple, innovative solution for developers seeking to build web3 applications on different blockchains. Developers can install its frictionless zero-login API with a single line of code, making their apps chain-agnostic and accessible from any blockchain. For the first time, apps on Ethereum can easily compose with apps on Solana or DeSo. MegaSwap thus makes it easier for liquidity and new users to be onboarded into any blockchain ecosystem.
“One of the biggest use cases w...
|  | Nostr Decentralized Social Network Now On Apple and Google Stores
Nostr, the decentralized social network supported by Jack Dorsey, the former CEO of Twitter, can now be downloaded on Apple and Google app stores.
Nostr On App Stores
Per a tweet on January 31, Jack Dorsey said the app can now be downloaded via its client, Damus, for iOS users, and Amethyst for those using Android devices.
a milestone for open protocols...#nostr is now officially on the Apple App Store with @damusapp:https://t.co/GQmvPE5nfX
— jack (@jack) January 31, 2023
Nostr, which stands for 'Notes and Other Stuff Transmitted by Relays’, is an alternative to centralized social networks, including Twitter. For ages, mainstream social media platforms have been accused of morphing into government machinery and used to violate privacy and other rights.
There have been reports of censorship and political suppression in the United States, as detailed in “Twitter Files.' Twitter Files are a set of internal documents from Twitter, the social media company. They were declassified and released to the public in December 2022 by Elon Musk and journalists, including Matt Taibbi and Bari Weiss, after Elon Musk took over Twitter in late October 2022 after a $44 billion deal.
Decentralizing Social Media
Jack Dorsey donated 14 BTC, roughly worth $250,000, in late 2022 to fund the development of the alternative social media platform, Nostr, which promises decentralization and control of data and accounts.
Unlike the rails behind Twitter and Facebook, Nostr...
|  | Decentralized Social Names Former Meta Exec as COO
[PRESS RELEASE - Los Angeles, California, 22nd November 2022]
Salil Shah joins DeSo after holding exec roles at Meta and Pinterest, most recently leading global go-to-market for Meta Fintech
Key Takeaways
Salil Shah, former Meta, and Pinterest executive, has joined DeSo, a blockchain platform that has raised $200 million from Sequoia, Andreessen Horowitz, CAA, and Coinbase.
The announcement comes as DeSo has experienced two consecutive months of over 120% Month over Month growth, particularly as consumers seek open, decentralized alternatives with the turmoil at Twitter.
Shah's motivation for joining stems from his belief that DeSo has the potential to transform the creator economy.
DeSo is the first layer-1 blockchain capable of supporting content-rich social applications, and has raised over $200 million in funding from Sequoia, Andreesen Horowitz, Coinbase, CAA, and others. DeSo is well positioned to power next-generation web3 apps that give more ownership, transparency, and control to both creators and their fans.
After years spent building the category-defining technology underlying the platform, DeSo has now hired Salil Shah to scale the business. Shah has deep experience in business development, go-to-market, and partner ecosystems, most recently leading global go-to-market for Meta’s Fintech group.
With Shah’s expertise, DeSo is primed to accelerate its mission to re-imagine the creator economy, and expand the scope of web3 from purely financial applicat...
|  | Former Meta and Pinterest Executive Joins Sequoia-Backed Decentralized S...
[PRESS RELEASE - Los Angeles, United States, 8th November 2022]
Seasoned tech exec brings deep expertise in business development, partner ecosystems, and go-to-market to DeSo, the leader in blockchain technology for creator content.
Key Takeaways
Salil Shah, former Meta, and Pinterest executive, has joined DeSo, a new blockchain platform that has raised $200 million from Sequoia, Andreessen Horowitz, CAA, and Coinbase.
The announcement comes in the wake of two consecutive months of over 120% Month over Month growth for the platform.
Shah's motivation for joining stems from his belief that DeSo has the potential to transform the creator economy.
After years spent developing the category-defining technology powering its infrastructure, Sequoia-backed DeSo is hiring Salil Shah, a seasoned executive with experience at Meta and Pinterest, to scale the business.
As the only layer-1 blockchain capable of powering content-rich social applications, and with over $200 million in funding from Sequoia, Andreesen Horowitz, Coinbase, CAA, and others, DeSo was already well-positioned for success.
Now, with an experienced senior executive like Shah in place, DeSo can accelerate its mission to re-imagine the creator economy and expand the scope of web3 from solely financial applications to creator-focused social applications and much more.
“Empowering and supporting creators is a mission I’m deeply passionate about,” Shah says. Shah mentions that DeSo has built the first b...
|  | Millions of NFT Artists Seek New Home as DeSo Launches New Creator Monet...
[PRESS RELEASE - Los Angeles, CA, 17th October 2022]
Takeaways:
DeSo, a new layer-1 blockchain that raised $200 million from Sequioa, a16z, Coinbase Ventures, and others, announces the release of timed auctions through their social NFT platform, NFTz.
DeSo’s recent string of successes includes a significant surge in price, an influx of new users, and an all-time high in on-chain NFT activity
Timed auctions allow for better creator monetization and price discovery for NFT artists
Decentralized Social (DeSo), the new layer-1 blockchain custom-built for decentralized social media, has announced the release of timed auctions through their social NFT platform, NFTz.me.
DeSo is riding a wave of success as it executes its roadmap to become The Unified Social Layer of Web3, a creator-led and user-owned internet open to everyone. DeSo NFT activity recently hit an all-time high of 20,000 txns per day, placing it third in the industry above Solana, Ethereum, Flow, Polygon, and BNB Chain.
The uptake in adoption of NFTs on DeSo and the other creator tools, such as Diamond come at a time when DeSo has recorded new benchmarks in terms of price, users, and on-chain NFT activity. NFTz’ introduction of timed auctions allows for better creator monetization and price discovery for NFT artists. Additionally, this feature is built into the blockchain and can’t be removed or made optional.
Creator royalties have become a hot topic within the NFT industry, given the decision of s...
|  | Coinbase-Backed DeSo Disrupts Telegram, WhatsApp, and Signal
[PRESS RELEASE - Los Angeles, CA, 11th October 2022]
Takeaways:
DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz, just launched decentralized on-chain end-to-end encrypted group chats, a first-of-its-kind innovation.
On-chain messages are resistant to censorship and can be used pseudonymously without supplying personal information, just like Bitcoin or Ethereum.
DeSo is the only blockchain that supports seamless end-to-end encrypted on-chain messaging today, and the extension to group chats is a first-of-its-kind breakthrough.
Apps like Diamond, a Decentralized Twitter app that launched recently, are launching decentralized encrypted group chats on DeSo in the coming weeks. Diamond already supports end-to-end encrypted on-chain direct messages, which DeSo has featured since early 2021.
Today, Signal is the most popular private messaging app, and yet users can't use it without entering a personally-identifying piece of information: their phone number. This makes it so that anyone with access to Signal's database gets full information about who the user messaging and when. Additionally, because Signal is a centralized service, it has been blocked in major countries like China.
Imagine if creating a Bitcoin wallet required users to give up their phone numbers. Why can't users have the same level of privacy and censorship resistance that they have with Bitcoin but applied to their communications?
Today, the DeSo blockchain brin...
|  | Blockchain Twitter App Launches to Bring Decentralized Social to the Mas...
[PRESS RELEASE - Los Angeles, CA, 5th October 2022]
Takeaways:
A novel web3 social platform called Diamond is launching on DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz.
Diamond is the first product ever to enable all posts, profiles, social graphs, and content to be hosted on a decentralized censorship-resistant blockchain.
Posts on Diamond can be minted as NFTs, earn crypto tips, and other novel features.
Today, content is hosted on centralized platforms like Twitter, TikTok, or Instagram. Many thought leaders like Elon Musk and even Twitter founder Jack Dorsey call for an alternative.
Recently, messages emerged between the two billionaire entrepreneurs regarding a blockchain-based social media platform.
“I have an idea for a blockchain social media system that does both payments and short text messages/links like Twitter.” Said Elon Musk in one text exchange.
He continued, “Third piece is a twitter-like app on your phone that accesses the database in the cloud. This could be massive.”
However, Musk may not need to create a decentralized Twitter alternative thanks to the launch of Diamond, a Web3 social app powered by the DeSo blockchain.
Diamond is the first platform ever to host its content and social graph on a decentralized blockchain.
By publishing content to the DeSo chain, writers, and creators can own and control their content the same way they own and control their Bitcoin. This means t...
|  | DeSo is Elon Musk and Jack Dorsey's Answer for Decentralized Social Bloc...
[PRESS RELEASE Los Angeles, CA, 3rd October 2022]
Takeaways:
Jack Dorsey and Elon Musk's Messages call for a decentralized social media blockchain: DeSo could be the answer.
Sam Bankman-Fried, Founder of FTX crypto exchange, also had a conversation about buying Twitter or creating a blockchain-based social network
The DeSo Foundation just released its roadmap to decentralize social media
The DeSo Foundation announces the release of their ambitious roadmap to decentralize social media and build The Social Layer of Web3.
Milestones on the roadmap will be executed over the next 2 quarters to solve the major problem with social media today.
“Most people don’t realize that social media is more centralized than the financial system was when Bitcoin was invented. Only a handful of companies currently control what we see and do online. We can solve this problem by decentralizing social media and storing all content on a blockchain.” said Nader Al-Naji, the founder of DeSo.
The roadmap release comes as new messages emerge between Elon Musk and Jack Dorsey, showing his idea for a blockchain-based social media protocol that does payments and short text messages.
The two billionaire entrepreneurs discussed how Twitter would be better off as an open-source protocol funded by a foundation instead of a company. Dorsey expressed regret over making Twitter a company calling it an 'original sin.'
The foundation's role in an open-source blockchain-based social network would ...
|  | MetaMask Integration Unlocks Decentralized Social for Millions of Ethere...
[PRESS RELEASE - Denver, Co, 26th September 2022]
DeSo, a new blockchain backed by Coinbase, Sequoia, and Andreessen Horowitz, has announced its integration with MetaMask. As a result, millions of Ethereum users can now enjoy one-click access to encrypted on-chain messaging and a full Twitter-like feature set.
DeSo’s integration with the leading web3 wallet effectively turns MetaMask into a full-fledged decentralized social network. It also paves the way for DeSo to become the cross-chain social layer for all web3.
DeSo Founder Nader Al-Naji said: “Existing blockchains cannot store content efficiently. It costs about $50 to store a 200-character Tweet on Ethereum and about fifteen cents to store it on Solana, Avalanche, or Polygon. In contrast, DeSo is one ten-thousandth of a cent, making it the first blockchain capable of disrupting storage-heavy applications like social.”
MetaMask users will gain access to gas-less profile creation, posting, following of other users, a fully decentralized on-chain follow graph, and much more. Thanks to the integration, a MetaMask user on Compound could send an encrypted message to someone currently on Uniswap and that user would receive the message via DeSo.
Similarly, a user on OpenSea could leave a comment on an NFT and have it appear on other platforms where that NFT is listed like Rarible or SupeRare. This system works even if one user is on Polygon network and the other is on Ethereum.
Social media today is controlled...
|  | Decentralized Web3 LinkedIn Competitor Launches on DeSo
[PRESS RELEASE - Los Angeles, USA, CA, 3rd May 2022]
The decentralized social media race is just starting to heat up. Elon Musk finalized his purchase of Twitter and now everyone is wondering how long it will take for him to make it web3.
While Elon could face an uphill battle considering the Twitter employee backlash, there’s already a bustling decentralized social media app ecosystem on DeSo.
These apps have money native features that creators and entrepreneurs can start earning with right away.
Entre, a Decentralized Web3 LinkedIn Competitor Launched on the Decentralized Social Media Blockchain.
Founder Michael Marra explains “Entre is a web3 professional network designed to help people connect and work in the web3 world.”
On LinkedIn, you have to post content to cultivate opportunities that you can then eventually earn. You can build a professional web3 network, cultivate opportunities, and earn on your content right away on Entre.
Web3 jobs are in high demand as big brands clamor to find talent to build out decentralized ecosystems. Entre has created an ecosystem full of professionals working in and building out web3 ecosystems.
Entre has an integrated marketplace that makes it easy for you to discover the next big web3 opportunity to accelerate your career.
“Decentralized social media is important because users own and control their content and audience,” Founder Michael Marra said.
Entrepreneurs can post jobs and gigs to hire easier and d...
|  | Decentralized Social Media Project BlueSky Says it Is Independent of Twi...
BlueSky, a project funded by Twitter to build a decentralized standard for social media, has stated that the company is not controlled by the company following Elon Musk's purchase.
BlueSky Operates Independent of Twitter
In a tweet thread on April 25, BlueSky stated that although it was funded by Twitter, the social media platform does not hold any controlling stake in the platform. BlueSky also clarified that Twitter's funding came with one condition, that the project carried out 'research and develop technologies that enable open and decentralized public conversation.'
Former Twitter CEO Jack Dorsey first announced the creation of BlueSky back in December 2019, indicating that the plan was to 'develop an open and decentralized standard for social media.'
Later in August 2021, Jay Graber, a former developer for the privacy coin Zcash, was appointed to lead the BlueSky initiative. In February 2022, the project became a public benefit limited liability company (PBLLC).
At the end of March 2022, Graber announced the project's first team members who had Aaron Goldman as a security engineer, and Daniel Holmgren and Paul Frazee as protocol engineers.
BlueSky, which has Dorsey as a member of its board, revealed that the initiative has received funding worth $13 million, to be used for research and development.
An excerpt from the thread said:
'The “public benefit” part of our structure gives us the freedom to put our resources towards our mission without an obligation...
|  | DeSo to Push Its Tech Breakthrough Hypersync: a Fast and Scalable Way to...
[PRESS RELEASE - Lakewood, United States, 25th April 2022]
The decentralized social media landscape is changing rapidly as Elon Musk closes in on his bid to buy Twitter. More and more people are looking for a change as they are tired of 5 companies owning the world's information.
These big tech incumbents dictate what content we consume, whether we like it or not. While several other blockchains clamor to provide a solution, DeSo already has a growing ecosystem of 200+ social media applications.
“To power a financial application, all you need to really store is a few account balances for each user. In contrast, to power a social application, you not only need to store every post, like, follow, and much more, but you also need to index that data so that you can answer queries like 'who is this person following' or 'what are this person's recent posts?' This is something that blockchains have historically been incapable of at scale.” Founder Nader Al-Naji said.
DeSo is set to push their much anticipated Hypersync upgrade live that is orders of magnitude faster than traditional block synchronization.
What is Hypersync?
Hypersync is a fast and scalable way to download a blockchain. Traditional blockchains aren’t designed for decentralized social media apps because they’re too expensive.
DeSo engineer Piotr Nojszewski explains “Hypersync is a new approach to node synchronization designed for infinite-state blockchains that are orders of magnitude fast...
|  | DeSo Blockchain Eclipses 65 Million Transactions as Big Names Eye a &lsq...
[PRESS RELEASE - Denver, Colorado, 29th March 2022]
DeSo Blockchain announces they have surpassed 65 Million transactions on their network. At the time of this writing, the DESO coin (which is already listed on Coinbase) was up +80% on the news according to CoinGecko. This milestone comes at a time when one of the most influential individuals on the planet is tweeting about decentralizing social media.
Elon Musk recently ran a Twitter poll asking if Twitter's algorithm should be open source. 82.7% of the 1 million participants responded with ‘yes’. A quick click into Elon's replies saw people urging him to build his own solution to address this problem. However, that may not be necessary with the announcements that DeSo is making this week.
On top of 65 Million transactions across 1.5 Million user accounts, DeSo is also announcing an exciting upcoming update to their consensus model from Proof of Work to Proof of Stake, as well as a new platform for launching DAOs called DAODAO.
“With these new updates, we move closer to a world in which social media is not controlled by three centralized companies, but instead, is owned by the users and creators of the network,” said Nader Al-Naji, the Founder of DeSo.
For those who are unfamiliar, DeSo is a new layer-1 blockchain built to scale decentralized social applications to billions of users. People can build social apps on DeSo in the same way they build financial apps on Ethereum.
Unlike other recent Twitte...
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