Decentralized Community (DESO) own cryptocurrency, which runs the blockchain operating system designed to support a variety of decentralized social media applications, is now available on Coinbase. According to a blog post, Coinbase customers can now trade, send, receive or store DESO and use “community tokens” and non-fungal tokens (NFTs) to create profiles and posts for decentralized social applications. The Tier 1 blockchain project aims to provide scaling to one billion users for social media applications.
DESO uses a token-based system on the Ethereum blockchain. This means that DESO tokens can be exchanged between colleagues and used as payment for micro services on the network, such as posting content, tagging other users, commenting and liking posts.
DESO tokens can also serve as a tool to promote network-enhanced user behavior or as a means of accessing special features within the DeSo network. For example, after a certain number of comments have been made from various network members, those members can open the ability to generate polls within their posts using their DESO tokens.
Decentralized social networks are different from the popular ones we are used to because they operate on freely running servers, not on a centralized server owned by a single entity. Mastodon is an example of a decentralized social network. It is based on open source software and performs many functions such as Twitter. Another example is Steam, which runs on a social blockchain. Blockchain technology allows data inputs to be stored on servers anywhere in the world. This enhances transparency because anyone on the network can view the data in real time.
Decentralized social networks give users more control and autonomy. A person can set up his or her social network and determine how it works and what users can say. Instead of the content being monitored by a company, the founder of the decentralized social network can establish acceptable code of conduct for the site.
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