What is Nostr? Nostr is a decentralized social network in the DeSocial trend that may explode in the future. The project itself was also mentioned a lot by Delphi Digital in its articles, besides Twitter’s former CEO Jack Dorsey also spoke up and supported 14 BTC for the development of Nostr.
So, let’s find out where Nostr’s appeal lies in the article below.
To understand more about Nostr, people can refer to some of the articles below:
- What is Lens Protocol (LENS)? Lens Protocol Cryptocurrency Overview
- What is Cyber Connect (CYBER)? Cyber Connect Cryptocurrency Overview
- What is Farcaster? Farcaster Cryptocurrency Overview
- What is DeSo (DESO)? DeSo Cryptocurrency Overview
What is Nostr?
Overview of Nostr
Nostr is a protocol simply designed towards an ecosystem of different types of decentralized social networks, what Nostr calls Censorship – resistant Global Social Network Roughly translated: Global Social Network Against Image Censorship simply means that anyone can participate without the permission of a third party.
There are 3 elements that make up Nostr including Simple, Resilient and Veriffiable. We will go into details of each of these factors as follows:
- Simple: DApps can be easily built and developed on the Nostr protocol
- Resilient: Nostr is very flexible in relying on nodes to store and move data so users do not need to worry about their data.
- Veriffiable: Accounts are registered on Nostr based on the Public Key of wallet addresses, so user activities can be easily verified.
Mechanism of action of Nostr
There are 2 main components that make up the Nostr Protocol including Client & Relay.
- Each project built on Nostr is considered a Client and anyone can become a Relay – acting as a data store.
- Each user is identified through Public Key. Each user’s post must be signed and all Clients participate in the signature confirmation process.
- Clients will choose to put data on the Relays they choose. The Relays will not interact with each other but will only talk directly to the Clinet.
The first pieces that create the Nostr ecosystem
Nostr Protocol is clearly developing in the direction of Protocol instead of DApps as I mentioned in the article Summary of Potential Projects in the DeSocial Array. That’s why Nostr also has its own ecosystem with some prominent names such as:
- Dammus: A decentralized social network similar to Twitter is available on the App Store.
- Coracle: A decentralized social network similar to Bitcoin Talk but with many improvements.
- Gossip: Update…
- Nostros: A decentralized social network similar to Twitter is available on CH Play.
Development Roadmap
Update…
Investor
December 15, 2022: Jack Dorsey – Former CEO of Twitter advised to contribute 14 BTC equivalent to about $245K to develop the Nostr protocol.
Core Team
Update…
Exchanges
Update…
Project Information Channel
- Website:
Summary
Nostr is a potential DeSocial project, but the project is only in the early stages of development so it needs a lot of time to research and observe.