Decentralised Social ‘DESO’ Crypto Tokens Are Now Listed on Coinbase


Decentralized Social (DESO), the native cryptocurrency that powers a blockchain platform designed to support a variety of decentralized social media applications, is now available on Coinbase. According to a blog post, Coinbase customers can now essentially trade, send, receive or store DESOs and use it to buy “social tokens” and non-fungible tokens (NFTs) and create profiles and posts for decentralized social applications. can do. The Layer 1 blockchain project aims to provide scalability to social media applications for one billion users.

DESO uses a token-based system Ethereum Blockchain. it means that DESO token Can be exchanged between peers and used as payment for micro-services within the network, such as posting content, tagging other users, commenting and liking posts.

DESO tokens can also serve as a tool to encourage user behavior that drives the network forward or as a way to access special features within a DSO network. For example, after a certain number of comments have been made from different network members, those members can use their DESO tokens to unlock the ability to create polls within their posts.

Decentralized social networks differ from the popular networks we are used to because they operate on independently run servers rather than centralized servers owned by a single entity. mastodon An example of a decentralized social network. It is based on open source software and works very much like Twitter. another example is steam, which runs on a social blockchain. Blockchain technology allows data entries to be stored in servers anywhere in the world. This promotes transparency, as the data can be viewed in real time by anyone on the network.

Decentralized social networks provide users with more control and autonomy. A person can set up their own social network and determine how it operates and what users can say. Instead of a corporation monitoring the content, the founders of a decentralized social network may establish terms of acceptable behavior for the site.

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Shomick is a Senior Sub-Editor at Gadgets 360. As someone who has been examining the consumer tech space for the past four years, he has now focused on the crypto-verse. When currency values ​​aren’t turning in his head, you can find him in an intense five-a-side football match or grind the latest Destiny 2 weekly challenge on your Xbox. You can contact him at [email protected] for suggestions or inquiries.

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