Decentralized Social DESO Social Audit & Trust Score

DeSo: Empowering Decentralized Social Media with Blockchain Innovation

In the ever-evolving landscape of social media, a new player has emerged to challenge the dominance of big-tech companies.

DeSo's Vision and Foundation

DeSo, short for "Decentralized Social," is a layer-1 blockchain designed from the ground up to revolutionize social media by putting power back into the hands of users.

Founder's Vision and Non-Profit Support

Founded in January 2019 by Nader Al-Naji, a former software engineer at Google, DeSo seeks to create an internet that is creator-led, user-owned and open to developers worldwide. The blockchain is supported by the non-profit DeSo Foundation, boasting a $200 million treasury dedicated to decentralizing social media.

Innovative Crypto-Native Monetization Tools

At its core, DeSo introduces groundbreaking features that go beyond traditional social platforms. The platform supports on-chain profiles, enabling users to control their identity across the entire DeSo ecosystem. This approach ensures censorship-resistant ownership of personal information, content and social connections.

Empowering Creators with New Monetization Avenues

Creators on DeSo have the opportunity to monetize their passions in ways previously impossible. With innovative crypto-native tools like Social Tokens, Social DAOs, Social NFTs and Social Tipping, creators can engage with their audience and earn a living doing what they love. The platform encourages a diverse range of money-enabled products, from social NFT experiences to influencer stock markets.

Decentralization as a Core Principle

One of DeSo's standout features is its commitment to decentralization. The blockchain treats social data as a public utility, allowing content to be stored on a decentralized ledger accessible to a growing network of third-party apps. This approach contrasts sharply with the centralized nature of existing social media platforms.

Purpose-Built Blockchain for Social Media Scalability

The DeSo blockchain is purpose-built, focusing on scalability for storage-heavy applications, a critical aspect for decentralized social media. Its highly-scalable storage capabilities, achieved at a fraction of the cost compared to other smart contract infrastructures, make it a unique player in the blockchain space.

Specialized Blockchain for Unparalleled Scalability

Notably, DeSo is not a general-purpose blockchain. Instead, it concentrates on a narrow set of social-oriented features implemented directly on bare metal. This specialization allows for unparalleled scalability, with the cost of on-chain storage as low as 1 DeSo per gigabyte.

Foundation's Investment and Developer Fund

In October 2021, the DeSo Foundation announced the Octane Fund, a $50 million developer fund to support the growth of the DeSo ecosystem. With over 1.5 million wallets and a growing library of hundreds of apps, DeSo has garnered support from major investors, including Sequoia, Andreessen Horowitz, Social Capital, PolyChain and Pantera, raising over $200 million in backing.

Transition to Proof of Stake and Scaling Vision

As DeSo continues to shape the future of decentralized social media, its commitment to openness, transparency and user empowerment positions it as a key player in the evolving crypto landscape. The blockchain is set to transition to a Proof of Stake consensus by the end of 2022, promising even higher throughput and efficiency, with the vision of scaling decentralized social applications to one billion users.

What is unique about Decentralized Social (DESO)?

DeSo stands out as a decentralized social media platform built on a purpose-built blockchain, offering unparalleled user empowerment. Its innovative features like Social Tokens, NFTs and on-chain profiles enable creators to monetize content in a censorship-resistant environment.

Who are the founders of Decentralized Social (DESO)?

DeSo was founded in January 2019 by Nader Al-Naji, a former Google software engineer. Nader's vision is to create a decentralized internet that is creator-led, user-owned and open to developers worldwide, with the project supported by the non-profit DeSo Foundation.

Who are the backers/investors of Decentralized Social (DESO)?

DeSo has garnered significant support, with major investors including Sequoia, Andreessen Horowitz, Social Capital, PolyChain and Pantera. These backers have contributed over $200 million to the project, demonstrating strong confidence in its mission.

What is the consensus mechanism of Decentralized Social (DESO)?

DeSo is set to transition to a Proof of Stake consensus by the end of 2022. This shift is expected to enhance throughput and efficiency, enabling DeSo to scale decentralized social applications to one billion users while adhering to a strictly defined transaction schema.

Where can I buy Decentralized Social (DESO)?

You can buy Decentralized Social (DESO) on Gate.io, CoinEx cryptocurrency exchanges.

Information in this section carefully collected and curated from publicly available data from official sources, including the Decentralized Social Official Website, Decentralized Social Whitepaper, Decentralized Social GitHub Repository and Decentralized Social X (Twitter) Account.

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