What is Decentralized Social? Decentralized Social (DESO) is a social token project that works as a decentralized social network. cryptocoin.com In this article, we have answered the questions such as what is Decentralized Social, what it offers, what is DESO, what is it, how to get it. Let’s examine this platform together, where users decide which content will be distributed.
What is Decentralized Social?
Decentralized Social is a platform that enables discovery, connection and collaboration around common interests while protecting user privacy. The platform gives users full control over their social interactions. Thus, it serves as the social network for which people are responsible rather than intermediaries. In this new paradigm, users decide what content is distributed and how it is used. Currently, in traditional social networks such as Facebook, this decision is made entirely by the algorithm.
However, platform user data is not stored in a central database. Instead, the project operates as a hybrid P2P network where it is distributed among a large network of peers. This means that since there is no central server, there is also no central server to be hacked. The network enables the efficient distribution of information without relying on a single trusted third party. It also uses a combination of Trusted Timestamp and BitTorrent protocols for this.
What does Decentralized Social offer?
DESO’s goal is to empower people with decentralized tools while providing an intuitive user experience. Thus, it is becoming the most widely used social network. Decentralized Social is the first social network based on Blockchain technology. In this platform, data is not stored in one place and transactions are recorded with Blockchain. This allows users to access a secure and decentralized social networking service. This social network also offers a range of tools and services with its DeSo NFTs.
The team argues that a private Blockchain network should be created in response to the high needs of social media. For this reason, the platform built on the Ethereum network has built a unique chain specific to social networks. Members of the platform receive a DeSo ID. This identity holds the user’s assets, information, interactions, and NFTs. Content creators within the social network benefit from a fair revenue model. Accordingly, each producer has its own special token, and users can tip these creators.
What is DESO? What does it do?
DESO, the native cryptocurrency of the Decentralized Social network, is basically an ERC-20 token. This token is the main payment method for the platform’s Blockchain network. In other words, it provides power to the economy of the ecosystem. In addition to being the main asset and medium of exchange across the network, DESO also gives management rights to its owners. Accordingly, token holders can participate in the management of the platform. This encompasses a number of features, such as voting in decision-making about updates.
What is Decentralized Social? How to take DESO?
Decentralized Social is currently traded on crypto exchanges such as Coinbase, CoinEx, AscendEx, and Blockchain.com. Interested investors must access one of these exchanges, become a member and verify their membership. After completing these transactions, they can buy the token by depositing an asset suitable for DESO parities in their wallets.
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