Block Chain

DeSo Blockchain Users Exceeds 1.5 Million, Decentralized Social Token up Nearly 90% within 24 hrs

New kind of blockchain designed to energy Web 3.0 decentralized social networks. DeSo Blockchain announced that they’ve created over 1.5 million accounts on their community.

DeSo, brief for “decentralized social,” is the primary and solely blockchain custom-built from the bottom up to energy and scale a brand new class of decentralized social purposes to 1 billion customers.

The DeSo blockchain is supported by the non-profit DeSo Foundation, whose broad mission is to help the decentralization of social media.

Decentralized Social was up practically 90% within the final 24 hours, hitting $61.21. The present CoinMarketCap rating is No.222, with a dwell market cap of $543,835,284, according to the CoinMarketcap.

DeSo additionally mentioned it’s about to replace its consensus mannequin, from Proof of Work (PoW) to Proof of Stake (PoS), launching a brand new platform known as DAODAO.

Nader Al-Naji, the Founder of DeSo commented that:

“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,”

DeSo combines the paradigm of an open P2P monetary system provided by cryptocurrencies with an environment friendly and scalable database infrastructure tailor-made to the following technology of Web 3.0 social networks.

According to Alex Valaitis, Head of Strategy and Operations at DeSo, “The first thing people need to realize is that social graphs and content should be stored on blockchains. The second is that in order to do this at scale, dedicated blockchains are needed,”.

Image supply: (*24*)

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