Web3 Social Layer and Layer1 Network DeSo Introduce New Updates in Version 2.0

According to reports, the Web3 social layer and Layer1 network DeSo have announced the upcoming release of version 2.0. Currently, the proof of interest system Revolution has been announced. In addition, there are updates such as Production Fast-Hotstuff, Sovereign Pledge, Liquid Bonding, and Collaborative.

Web3 social layer DeSo will launch version 2.0

The world of cryptocurrency and blockchain technology is quickly evolving, with new updates and developments announced regularly. Recently, the Web3 social layer and Layer1 network DeSo have announced the upcoming release of version 2.0, which includes several exciting updates.

Overview of DeSo and Web3

DeSo is a social media platform built on blockchain technology that allows users to create and manage their own communities, tokens, and cryptocurrencies. It aims to create a decentralized, user-controlled social media experience that is more privacy-focused and secure than traditional social media platforms.
Web3 is a term used to describe a decentralized version of the internet that is based on blockchain technology. It aims to create an open, decentralized ecosystem that allows for greater transparency, security, and privacy. It is a framework for building decentralized applications that can work together to create a more user-controlled internet experience.

Proof of Interest System Revolution

One of the significant updates in version 2.0 is the introduction of the proof of interest system Revolution. This system aims to create a more democratic and fair way of distributing rewards to users of the DeSo platform. It does this by using a reputation-based algorithm that takes into account a user’s activity, contributions, and influence within the platform.
This system is designed to incentivize users to create high-quality content and contribute to the growth of the DeSo ecosystem by rewarding them with DeSo tokens. It is an important step towards creating a more user-controlled social media experience that rewards creativity, effort, and engagement.

Production Fast-Hotstuff

Production Fast-Hotstuff is another exciting update in version 2.0. It is a new consensus mechanism that aims to improve the speed and scalability of the DeSo blockchain network. It achieves this by using a new algorithm that allows for faster block confirmation times, lower transaction fees, and greater throughput.
This update is essential for the continued growth and development of the DeSo platform, as it will allow for more significant numbers of transactions and users to interact with the network. It also ensures that the platform remains competitive with other blockchain-based social media platforms in the market.

Sovereign Pledge

Sovereign Pledge is a new feature that allows users to create their own DeSo tokens and build communities around them. It is a way for users to have more control over their social media experience and create their own unique ecosystems within the DeSo platform.
This feature is a significant step towards creating a more user-controlled social media experience that is not controlled by centralized corporations or entities. It enables users to monetize their content and build communities around their interests, passions, and ideas.

Liquid Bonding

Liquid Bonding is a new feature that allows users to earn rewards by providing liquidity to specific tokens on the DeSo platform. It is a way for users to earn passive income by supporting the growth and development of the ecosystem.
This feature is essential because it incentivizes users to contribute to the liquidity and growth of the DeSo ecosystem. It ensures that the platform has a healthy and active ecosystem with users who are actively engaged in building and supporting the platform.

Collaborative

Collaborative is a feature that allows users to work together to support specific projects or initiatives on the DeSo platform. It enables users to pool their resources, skills, and knowledge to achieve shared goals and objectives.
This feature is crucial because it promotes collaboration and cooperation within the DeSo ecosystem. It creates a more community-driven and collaborative approach to building and supporting the platform, which is essential for its continued success and growth.

Conclusion

The introduction of version 2.0 of the DeSo platform is an important step towards creating a more user-controlled, decentralized social media experience. The updates and features included in this new version will enable users to have more control over their social media experience, monetize their content, and contribute to the growth and development of the ecosystem.
Overall, the updates and features included in version 2.0 of DeSo and Web3 are crucial for creating a more transparent, fair, and equitable social media experience. It is a critical step towards building a more user-controlled and decentralized version of the internet, which is an exciting development for the world of cryptocurrency and blockchain technology.

FAQs

1. What is DeSo, and how does it work?
DeSo is a social media platform built on blockchain technology that allows users to create and manage their communities, tokens, and cryptocurrencies. It aims to create a decentralized, user-controlled social media experience that is more privacy-focused and secure than traditional social media platforms.
2. What is the proof of interest system Revolution?
The proof of interest system Revolution is a new algorithm that rewards users on the DeSo platform based on their activity, contributions, and influence within the platform. It is designed to create a more democratic and fair way of distributing rewards to users.
3. What are the benefits of the updates and features in DeSo version 2.0?
The updates and features included in version 2.0 of DeSo and Web3 enable users to have more control over their social media experience, monetize their content, and contribute to the growth and development of the ecosystem. They promote collaboration and cooperation within the DeSo ecosystem and create a more community-driven and decentralized version of the internet.