DeSo, a decentralized social media blockchain that raised $200 million from major investors such as Coinbase Ventures, Sequoia, and Andreessen Horowitz, has announced the launch of its new Proof-of-Stake (PoS) system, dubbed “Revolution.” This innovative technology combines the best features of previous PoS systems such as Tendermint, Ethereum, and Solana, among others, and promises to set a new standard for the industry by improving energy efficiency, security, and deflationary measures for its native currency, $DESO.
One of the most exciting new features of the Revolution PoS system is a concept called Revolt, which builds upon the successes of other leading layer-1 blockchains. The system requires validator nodes to lock up a deposit of $DESO to participate in consensus, similar to the Ethereum PoS system. This approach incentivizes nodes to behave appropriately, improving network security.
DeSo’s new PoS system is a significant milestone for the blockchain, which aims to decentralize social media by providing a censorship-resistant platform for content creators and users. With the implementation of this new technology, DeSo hopes to continue building upon its previous successes and set the standard for a new era of blockchain-based social media.
The launch of DeSo’s Revolution PoS system is an exciting development for the blockchain industry as a whole. As more companies continue to explore the potential of blockchain technology, innovative solutions such as this one will be crucial for improving efficiency, security, and scalability.