Gate News: Latest Crypto News and Cryptocurrency Prices

08:47

DESO (Decentralized Social) rose by 50.27% in 24 hours.

Gate News Bot news, on October 10, according to CoinMarketCap data, as of the time of writing, DESO (Decentralized Social) is currently priced at $8.04, with a rise of 50.27% in the last 24 hours, reaching a high of $8.52 and a low of $4.99, with a 24-hour volume of $64,600. The current market capitalization is approximately $71.4 million, an increase of $2.39 million compared to yesterday. DESO is the first layer-1 blockchain built from the ground up, aimed at decentralizing social media and scaling storage-intensive applications to billions of users. DESO is the only blockchain capable of supporting storage-intensive applications, combining financial primitives with inexpensive content storage. It enables developers to easily build a variety of applications such as social networks, NFT marketplaces, DAO tools, order book exchanges, etc., and through

05:28

Odaily Decentralization Social Web L1 DeSo will be upgraded to the Revolution Proof of Stake in Testnet on May 1st. Mainnet is currently scheduled to launch on May 22. With this upgrade, DeSo will support features such as 500 posts per second (10% of X size), Maximized Burn Fee (BMF) Algorithm, 1 second confirmation time, 20% APY for stake DESO, and permissionless validators.

02:46

coin Jiejie.com reported: On April 26, it was reported that Decentralization Social Web L1 DeSo will be upgraded to the Revolution Proof of Stake Consensus in Testnet on May 1. Mainnet is currently scheduled for May 22. When Consensus upgraded, there will be support for features such as 500 posts per second (10% of X size), Maximize Burn Fee (BMF) Algorithm, 1 second confirmation time, 20% annualized yield for stake DESO, and permissionless validators.

02:46

On April 26, it was reported that Decentralization Social Web L1 DeSo will be upgraded to the Revolution Proof of Stake Consensus in Testnet on May 1. Mainnet is currently scheduled for May 22. When Consensus upgraded, there will be support for features such as 500 posts per second (10% of X size), Maximize Burn Fee (BMF) Algorithm, 1 second confirmation time, 20% annualized yield for stake DESO, and permissionless validators.

17:15

DeSo Puts Up $1 Million for Blockchain-Based Reddit Rival Decentralized social media protocol DeSo has offered a $1 million bounty for creating a Reddit competitor on its blockchain. This decision comes after Reddit faced backlash for limiting API access, leading to subreddit blackouts and the shutdown of third-party developers. DeSo aims to address the problems with centralized social media platforms and promote user autonomy over content.

15:02

According to PANews news on July 6, the social blockchain DeSo announced that it will provide a reward of up to $1 million for developers who build alternatives to the Reddit chain on its platform. Reddit's recent decision to restrict API access sparked protests within the community by making content private. DeSo claims that building a decentralized Reddit on its chain will give it full control over its content without being censored or banned at the protocol level. In 2021, the social blockchain DeSo completed a financing of US$200 million, with participation from a16z and Sequoia Capital.

DESO (Decentralized Social) rose by 50.27% in 24 hours.

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