Comprehensive interpretation of DeSo: mixed Pow consensus, social graph, DID and infinite state application layout
Original title: "A Deep Dive Into DeSo"
Author of the original text: Kadeem Clarke, m 6 labs.co Compilation of the original text: Shenchao TechFlow
social contact
People are frustrated with the way social media handles censorship, privacy, user control, data theft and sharing. Facebook and Instagram, for example, have faced legal action for damaging user trust.
More than 4 billion people, or more than half of the world's population, use social media. On average, Internet users spend 2.5 hours per day on social media.
Data breaches are a common problem on social media. Your personal information could soon end up on an illegal website. The 2021 Facebook breach is just one example -- the information of more than 533 million users was exposed. LinkedIn faced a similar problem.
While big tech policy is still being updated, the promise of decentralized social media may offer a solution.
social contact
DeSo is a decentralized social network that not only gives users access to the functionality of most Web 2.0 social media platforms, but also improves it by giving users control over their content and monetization options.
The native cryptocurrency of the Decentralized Social blockchain is $DESO. This unique layer 1 blockchain is open source and designed to support and scale data-hungry social media applications.
The beginnings of DeSo
Former Google software engineer Nader Al-Naji founded Decentralized Social. His devotion to decentralized social media has earned him the nickname "The Facebook Killer."
In May 2019, BitClout started working on a decentralized social blockchain. Additionally, BitClout established the DeSo Foundation to help decentralize social media and blockchain development.
social contact
In December 2021, just a few months after the launch of the DESO platform, DESO was listed on Coinbase. With its standards and requirements, DeSo is one of the fastest layer 1 blockchains to be listed on exchanges.
Salil Shah joined the DeSo team in November 2022 to help grow the company. His current goal is to further develop the creator economy and add Web3 capabilities to decentralized social media platforms.
DeSo's goal
People with like-minded interests will come together through the DeSo platform, giving users more control over their social media interactions. Thanks to the platform's blockchain foundation, users will be able to maintain a sense of privacy and an extra layer of security when interacting with each other.
DeSo provides users with a decentralized environment where they can manage every element of their social network. You will have access to all your social media content on one platform and therefore own your data.
DeSo also makes scaling social media apps easier. To accommodate billions of users, Web 2.0 social media platforms require massive amounts of digital storage. Compared with DeSo, the"like"social contact
According to information on their website, the best part is that anyone running a node to curate their feed is also contributing data back to the public pool of profiles, posts, follows, etc. stored on the public blockchain.
- A post or a like on an ESPN node can appear on Politico's feed. Chinese posts can appear on digests running on nodes in the US, and vice versa. With each node running, more content is contributed back to the global pool of data stored on the blockchain, making every other node on the network more powerful and more attractive to users.
- In a sense, DeSo can solve the problem of collective action among independent publishers: publishers can now contribute to a public data pool that no one owns and will never break out of intermediaries, rather than being forced to fight with them for reasons Inconsistent private data pools controlled by large corporations contribute.
- So we can move from a world where data is a closely guarded private resource to a global utility that anyone can tap into.
How to Make Money as a Creator on DeSo - Social Tokens, Social NFTs, and Social Gratuities
The three product categories pioneered by DeSoare have revolutionized the way creators monetize their work online, but that's just the beginning.
social token
Social NFT
social tip
Anyone in the world can try to monetize creators in new ways by building applications on DeSo because it is open source and profitable.
For example, imagine a well-known creator who wants to start offering premium content in exchange for a monthly subscription.
As long as one person on the Internet builds this functionality, the entire ecosystem of DeSo applications can immediately access this functionality.
The same goes for other features, such as Inbox, where creators can be compensated for retweeting content or replying to messages from fans.
The world's best machine learning researchers can develop solutions with unrestricted access to the full stream of data, wherever they are, to solve other problems, such as identifying offensive content or eliminating spam.
Fundamentally, the DeSo blockchain is an open protocol where anyone in the world can contribute, which will ultimately lead to the creation of more ways to unlock the true potential of creators and bring competition and innovation back to social media.
6 Key Features of DeSo
Social media has several characteristics that differ from typical DeFi applications, especially in terms of interaction and storage.
Hybrid PoW Consensus
social graph
social graph
Every post you like, friend request you accept, and your status update forms your social graph.
The connections between users, groups, and organizations of a social network are displayed in a social graph. All user data on decentralized social media is accessible. As a result, social platforms and outside parties cannot use your connection against you. Users can store all their posts and social graphs directly on-chain.
Hypersync x DeSo
For efficiency, most blockchains are only made to store small amounts of data. Social applications require unlimited amounts of data, while DeFi protocols typically only require a few bytes of storage. This problem is solved by Hypersync, which also allows for greater scalability.
Block downloads are the typical method used to synchronize blockchain activity. Block transactions are downloaded one by one. While it can happen quickly, each transaction requires a lot of data. By giving users a snapshot of block activity, Hypersync helps users use less data. Records are compressed to make them more compact and useful.
Unlimited state application
Even with bridges to storage-focused blockchains like Arweave or Filecoin, most Web 2.0 applications cannot be implemented on today's general-purpose blockchains due to the high cost of on-chain storage. Even storing a link to Arweave or Filecoin on any of the chains shown above would require $0.10 to over $1.00 at current exchange rates, which is unaffordable.
Most blockchains are developed to support finite-state applications with fixed storage requirements; as these chains gain popularity, costs may increase further. On the other hand, social media applications are infinite-state programs that can scale infinitely. The DeSo platform uses a sophisticated, purpose-built indexing system to increase scalability.
DeSo Identity Service
The DeSo Identity Service Development Tool enables users to quickly store key pairs or credentials in applications based on the DeSo platform. Developers don't need to create complex forms or input validation to confirm a user's identity. Instead, this is seamlessly incorporated into the app.
Decentralized social application
There are hundreds of decentralized social applications on the DeSo platform. With the advent of some development tools, new applications are constantly emerging.
The most popular of these are:
Diamond: This decentralized version of Twitter encourages engagement while providing new ways for content creators to monetize.
Stori: A decentralized application comparable to TikTok, focusing on video content.
NFTz: Like OpenSea, this decentralized NFT marketplace adds more social and community elements.
DeSocialWorld: Connect with users around the world in multiple languages.
DAODAO: Take your social fundraising to the next level with this unique Web3 platform.
Vibehut: Meet new people based on common interests or video chat with friends.
What are its advantages?
Decentralized social networking may seem complicated, but the DeSo platform is simple and requires little teaching.
Additionally, using the DeSo platform has several unique advantages that you won't find on other Web 2.0 social platforms.
own your content
While the most widely used platforms allow you to retain your intellectual property, you may not have control over who sees it. Your content is always under your authority on the DeSo platform.
Make your content pay off
As mentioned earlier, the DeSo platform makes monetization more straightforward. There are several ways content creators can earn extra money. Whether you want to make money on DeSo by convincing people to buy your Creator Tokens or through social gratuities, all you have to do is start creating exciting content and community.
As more people engage with your content, your potential revenue increases.
Building applications is easy
The DeSo platform makes building new applications simple and there are many resources available. The DeSo Developer Center is a great resource to use as a starting point for research related to your project.
Also, you will be able to use any programming language you already know, such as Python or JavaScript. The DeSo platform is open source, so there are countless options to leverage the Web3 social layer and create new applications.
increase privacy
Maintaining your privacy on social media is made simpler with blockchain technology. Your data is securely stored on the DeSo platform and not kept by a private company.
Like blockchains for financial applications, they cannot be accessed without your permission.
Reduce spam and fake news
While the content of the web is not regulated, it does employ a reputation system. The accuracy of what you see can be rated with this decentralized system. Users are less likely to come across someone with multiple accounts as they will be charged for all activity.
With no algorithm, users can more precisely customize what they see.
DeSo's roadmap
Token Economics
Token Economics
Since its initial release in June 2021, the price of DESO has experienced large fluctuations. The token was worth over $178 at the time of publication.
After the token was listed on Coinbase in December 2021, the price briefly rose. Its price has risen sharply, reaching a high of $438.10, a staggering 151% increase.
epilogue
epilogue
Integration with other blockchain technologies could lead to wider adoption of blockchain over time. For example, MetaMask integration allows users to interact across chains with various social applications.
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