Decentralized Social Price(DESO)

Decentralized Social, commonly referred to as DeSo, is a specialized Layer 1 blockchain architecture designed to support the scaling and decentralization of social media applications. Its primary objective is to shift the control of social data from a few large corporations to individual users. Unlike traditional social networks where a company owns the user's profile, followers, and content, DeSo treats social data as a public utility stored on an open, decentralized ledger. The project was founded by Nader Al-Naji, who initially operated under the pseudonym Diamondhands. It first gained significant attention through a prototype called BitClout in early 2021. BitClout introduced the concept of creator coins, allowing users to invest in the reputation of individuals. In September 2021, the project rebranded to DeSo to signal its broader mission as a foundational layer for many different types of social applications beyond just one platform. Technically, DeSo is built to handle the heavy data requirements of social media, such as posts, follows, and profiles, which are often too expensive to store on general-purpose blockchains. The network has transitioned to a Proof of Stake consensus mechanism, often referred to as Revolution PoS, to improve transaction speed and energy efficiency. A key feature of the ecosystem is the portability of the social graph. When a user creates a profile on one DeSo application, they can log into any other application in the ecosystem with the same identity, taking all their content and followers with them. The ecosystem includes a wide range of applications that mirror popular Web 2.0 services. For example, Diamond is a decentralized version of Twitter, Desofy is a mobile-first social network, and Openfund facilitates decentralized fundraising. Other platforms built on DeSo focus on video content, professional networking, and end-to-end encrypted messaging. The native token of the network, DESO, serves as the utility asset that powers the blockchain. It is used to pay for transaction fees and enables unique social features such as social tipping, where users can send micro-contributions to creators they support. The token also facilitates the creation and exchange of social NFTs and creator coins within the various apps. By decentralizing the underlying infrastructure of social interaction, DeSo aims to create a more open and competitive landscape for creators and developers alike. Learn more

Looking to buy How to buy DESO? The process is simple and hassle-free! You can easily purchase DESO on LBank by following our step-by-step buying guide. We provide detailed instructions and video tutorials showing how to register on LBank and use various convenient payment options.

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