Name : Decentralized Social (DESO)

DESO Price : $21.576 -1.68%

Consensus Mechanism : Proof of Stake

Volume: 9,746,553

Market Cap: 191,694,733

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Last Screening: Q4 2023

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Overview

DeSo, short for "decentralized social," stands as a groundbreaking layer-1 blockchain designed from the ground up to revolutionize social media decentralization and enable the scalability of storage-intensive applications for billions of users. Positioned as a creator-led and user-owned platform, DeSo fosters an open ecosystem for global developers to collaborate. Its innovative approach involves storing all data on a public blockchain, allowing anyone worldwide to run a node and curate their feed. With a strong commitment to decentralization, DeSo addresses collective action problems among independent publishers, providing an alternative to centralized data pools. The platform's focus on user experience in the realm of Web3 social sets it apart, offering an infinite-state blockchain optimized for storage-heavy use cases. Embracing social tokens, NFTs, and tipping, DeSo pioneers new avenues for creators to monetize, embodying a censorship-resistant layer-1 blockchain uniquely tailored for mass adoption of decentralized social networks.

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