Distributed social ‘DESO’ crypto tokens are now listed on Coinbase

[ad_1]

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.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nishal Shetty and Weekend Investing Founder Alok Jain at Orbital, the Gadgets 360 podcast. Orbital makes Apple Podcasts, Google Podcasts, Spotify, Amazon Music and your podcasts available everywhere.

For the latest tech news and reviews, follow Gadgets 360 Twitter, Facebook and Google News. For the latest videos on gadgets and technology, subscribe to our YouTube channel.

shomik 1634643657

He is the Senior Assistant Editor at Shomik Gadgets 360. As someone who has screened the consumer technology space for the past four years, he is now focusing on crypto verse. When the currency values ​​in his head do not change, you can find him in a serious five-a-side football match or grinding the new Destiny 2 weekly challenge on his Xbox. You can access him for tips or questions at [email protected] Further

hawkeye ep5 screenshot small 1639570132545

Hawkeye Episode 5 Recap: Dinner with enemies, old costume and a new villain

Netflix vs Amazon Prime Video vs Disney + Hotstar vs Apple TV: Compare Prices, Plans

online streaming services glenn carstens peters unsplash thumb 1639571793969



[ad_2]

Leave a Comment