What is DeSo? What is DeSo is a blockchain platform built with the vision of building an ecosystem of decentralized social networking sites. So what is DeSo and what is interesting? Let’s find out together in the article below.
To better understand what DeSo is, people can refer to some of the articles below such as:
- What is Lens Protocol (LENS)? Lens Protocol Cryptocurrency Overview
- What is Cyber Connect (CYBER)? Cyber Connect Cryptocurrency Overview
- What is SocialFi? TOP 5 Most Outstanding SocialFi Projects Currently
- What is DeSocial? Growth Potential of Decentralized Social Networks
DeSo Overview
What is DeSo?
DeSo Protocol is a Blockchain platform with the vision of building an ecosystem for decentralized social network-oriented protocols similar to Flow being a separate Blockchain for NFT and Gaming projects. ,…
DeSo Protocol believes that blockchains such as Ethereum, Polygon, Solana,… are not designed to handle the data storage and indexing requirements of mainstream media and social network Dapps on a large scale. So that’s why DeSo Protocol was born. Besides, bringing ownership of content to users is also DeSo’s mission.
DeSo’s goal is relatively simple and includes three main characteristics.
Helps developers easily build DApps on DeSo Blockchain
- API-Driven & Permissionless: All tools, infrastructure, and tools that DeSo builds can be easily connected and integrated with APIs without requiring permission from third parties.
- Virtually Zero Gas Fees: Transaction fees on DeSo are extremely low. The average fee per post is less than $0.000017, in contrast to Ethereum where the average fee per post can cost more than $50 depending on gas fees. To do this, DeSo has solves very complex storage & indexing problems to be able to handle decentralized social applications extremely efficiently.
- Solving the Cold-Start Problem: DeSo solves the Cold-start problem through many different solutions such as Cross-chain interaction, Blockchain customization,…
Helps Web2 users easily access and move to Web3
- Frictionless Usage & Onboarding: Users can join DeSo using both Web3 solution Connect Wallet and Web2 through Google and Facebook. Everyone get a small initial amount of DESO for free upon phone number verification. The data belongs to the user.
- Privacy & Safety: Data belongs to the user and is not shared with any third party.
Helps content creators easily make money from their own products
- Monetization & Social Features: Diverse ways to make money is the way DeSo aims for content creators such as through user actions, tips, NFTs,…
The components that make up DeSo and the DeSo ecosystem
Some of the key products that help DeSo have a solid infrastructure foundation include:
- DeSo Wallet: DeSo Wallet is a wallet platform designed on the DeSo Blockchain that allows users to store, send and receive cryptocurrencies.
- DeSo Chat: DeSo Chat is a decentralized application that allows users to text, send images, and videos.
- DeSo Stack: A toolkit that allows developers to develop projects, protocols, and Dapps on the DeSo blockchain network.
DeSo Stack – DeSo’s distinctive highlight
DeSo Stack is a highlight in realizing the above ambitions. DeSo Stack will include 4 Layers
- Layer 1 Blockchain: As a Blockchain platform, DeSo still integrates many more services such as Storage of Filecoin & Arweave, Identifiers of Ethereum Name Service and Fiat from Bitcoin & Ethereum.
- Developer Tools: DeSo’s toolkit is open source and can be used easily by anyone. Some tools such as Javascript SDK, Exchange API, Swap API, Analytics, GraphQL API, Indexing Service,…
- Onboarding: To be able to onboard users from Web2 to Web3, DeSi also integrates many tools from both Web2 and Web3 such as Identity, Wallet, DEX, Cross-Chain Swap, File Storage,…
- Open Standard: Is the top layer that interacts directly with the user. A variety of products are being built such as Chat Protocol, Blogging Protocol, Feeds Protocol,…
Expansion solutions
DeSo was born very early and at that time Proof of Work was considered the ultimate consensus mechanism for all Blockchains. However, with time Blockchains that prioritize scalability need to move to Proof of Stake and DeSo is no exception to the wheel of history.
DeSo’s scalable problem solving development roadmap will include 4 Phases:
- Proof of Stake: DeSo will officially switch from the Proof of Work network to the Proof of Stake network as its future expansion infrastructure.
- Bigger Blocks: Blocks from 2MB after 5 minutes will be increased 8 times to 16MB after 5 minutes. This allows 80 posts to run every second. Allows DeSo to expand to 4,000,000 users.
- Warp Sync: This is a step to reduce the workload of each node, thereby improving scalability on DeSo.
- Sharding: Aiming for nodes that can execute in parallel helps DeSo serve billions of users with cheap fees and almost instant speed.
DeSo’s original ecosystem
DeSo allows users who own a similar profile but NFT of Lens Protocol, ccProfile of Cyber Connect, to participate in DeSo Protocol’s ecosystem including a number of outstanding projects such as:
- DeSo Messenger: Platform built similar to Discord.
- Zirkel: Platform built similar to Medium.
- Desofy: Platform built similar to Phaver.
- DAODAO: Decentralized fundraising and fundraising platform for projects, protocols or Dapps.
- Diamond: Platform built similar to Twitter.
- Pearl: The platform is built similar to Instagram.
Development Roadmap
The project has a fully updated development roadmap from launch to present here.
Investor
- September 21, 2021: DeSo successfully called for up to $200M in Seed round with the participation of Social Capital, Variant, Winklevoss Capital, Polychain, Parafi Capital, Pantera Capital,…
Core Team
Nader Al-Naji: Founder
- Nader graduated with a Bachelor’s degree in Computer Science from Princeton University.
- Nader became a Software Engineer at Google.
- After leaving Google after nearly 3 years of working to build Basis – this platform has successfully raised $133M with the participation of investment funds such as Bain Capital Ventures, Google Ventures, Andreessen Horowitz, Lightspeed, Stan Druckenmiller, Kevin Warsh, Foundation,… Basis is a platform for building an algorithmic stablecoin.
- After leaving Basis, Nader continued to start a business with DeSo – the first Blockchain platform for social networks.
Jason Mazursky: Software Engineer
- Jason earned a Bachelor of Science, Finance & Management from Wharton University. During the same period, at the University of Pennsylvania earned a Bachelor of Computer Science degree.
- Jason spends most of his time working as a Software Engineer at Foundry.ai
Sofonias Assefa: Software Engineer
- Sofonias earned a Bachelor of Science, Computer Science degree from Cornell University.
- Sofonias has experience working as a Software Engineer at many different companies and corporations such as AT&T Labs, Inc, Susquehanna International Group, Facebook and then DeSo.
Tokenomics
Information about the token of the DeSo project
- Token name: DeSo
- Code: DESO
- Blockchain: DeSo
- Token classification: Update…
- Contract:
- Total supply: 10,808,492
Token Allocation
- Public Sales: 78.7%
- Founder: 18.5%
- Mining: 2.8%
Exchanges
DeSo is traded on prominent exchanges such as Coinbase, Gate.io, Blockchain.com, AscendEX, CoinEx,…
Project Information Channel
- Website: https://www.deso.com/
- Twitter: https://twitter.com/desoprotocol
- Telegram: https://t.me/desoblockchain
- Discord:
Summary
Can DeSo lead and become the leader in the DeSocial trend in the near future?