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DESO

DESO Decentralized Social

Currency:
🇺🇸 USD
🇺🇸 USD - US Dollar
🇨🇳 CNH - Offshore Chinese Yuan
🇯🇵 JPY - Japanese Yen
🇰🇷 KRW - South Korean Won
🇭🇰 HKD - Hong Kong Dollar
🇦🇺 AUD - Australian Dollar
🇪🇺 EUR - Euro
🇨🇭 CHF - Swiss Franc
🇬🇧 GBP - British Pound
🇨🇦 CAD - Canadian Dollar
🌐 TWD - Taiwan Dollar
🇲🇾 MYR - Malaysian Ringgit
🇸🇬 SGD - Singapore Dollar
🇳🇿 NZD - New Zealand Dollar
$ 1.96
+$0.0278 +1.41%
$2.09
24H High
$1.84
24H Low
$475.00
All-Time High
$0
All-Time Low
2.30K
24H Volume
$4.52K
24H Turnover
10.81M
Total Supply
$17.44M
Market Cap
13.65%
24H Range
8.88M
Circ. Supply
--
Prev Open (UTC+8)
--
Prev Close (UTC+8)
82.20%
Circulation Ratio

DESOMarket

  • Trend
  • K-Line

DESO Summary

Decentralized Social (DESO) is a layer-1 blockchain designed to power a new generation of decentralized social media applications. Its core mission is to address the issues of data ownership, censorship, and control prevalent in traditional social media platforms by providing an open-source, public blockchain infrastructure where users own their data and content creators can directly monetize their work without intermediaries. The DESO blockchain is built to scale for mass adoption, aiming to support billions of users and millions of transactions per second, making it suitable for high-throughput social applications.

The DESO blockchain features a unique architecture optimized for social media data, allowing for the storage of social graphs, posts, profiles, and other related content directly on-chain. This design facilitates the creation of a diverse ecosystem of independent social applications that can all access and build upon the same underlying data, fostering interoperability and innovation. The network utilizes a Proof-of-Work (PoW) consensus mechanism, similar to Bitcoin, to secure transactions and maintain the integrity of the blockchain, ensuring a robust and decentralized foundation for its ecosystem.

The DESO token is the native cryptocurrency of the Decentralized Social blockchain, serving multiple functions within its ecosystem. It is used to pay for transaction fees, such as posting content, creating profiles, and interacting with various decentralized social applications built on the platform. Additionally, DESO tokens can be staked to participate in the network's governance and secure the blockchain, incentivizing active participation and contributing to the network's decentralization. The token's utility extends to enabling creator monetization through features like Creator Coins and NFTs, allowing users to directly support their favorite creators and participate in their success.

By offering a specialized blockchain for social applications, DESO aims to disrupt the existing social media landscape, empowering users and creators with greater control and ownership. Its focus on scalability, data ownership, and direct monetization positions it as a significant player in the evolving decentralized web, providing a foundational layer for a more open and equitable social internet.

DESONews

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