DeSo, the decentralized social media blockchain, has unveiled a new Proof-of-Stake (PoS) system, called “Revolution,” which combines elements of earlier PoS systems and aims to be more energy efficient and secure.
Revolution is expected to make the DeSo blockchain more censorship-resistant and will tackle a major issue with existing smart-contract systems called miner-extractable value.
The new PoS system will also make $DESO deflationary, as transaction fees will be burned to the maximum extent possible. Other features include Revolution Rule and Sovereign staking, which improve security and prevent censorship of mempool transactions.
The DeSo blockchain has raised $200 million from investors such as Andreessen Horowitz, Coinbase Ventures, and Sequoia.
Revolution builds on the successes of other leading layer-1 blockchains, such as Ethereum, Solana, Avalanche, and Flow.
DeSo aims to change how we interact with social media and the internet with upcoming launches such as DeSo Drive and The Decentralized Web. DeSo Drive is an alternative to Google Drive that is faster, cheaper, and more secure, while The Decentralized Web lays the foundation for a fully-decentralized internet that is accessible to everyone.
Revolution is just one of many breakthroughs that DeSo has planned for the future. The DeSo team believes that they can create a more decentralized and user-centric future for the internet, replacing current platform monopolies that custody sensitive data.
DeSo’s recent successes include launching MegaSwap, which allows instant, cross-chain swaps for Bitcoin, Ethereum, Solana, and USDC. Additionally, DeSo has gone live with Openfund, a fundraising platform that allows entrepreneurs to launch tradeable coin-backed fundraising rounds open to anyone in the world.
DeSo’s new Proof-of-Stake system, Revolution, has been praised as a major breakthrough in the blockchain industry by its founder, Nader Al-Naji. One of the key features of Revolution is a new concept called Revolt, which not only makes the system one of the most censorship-resistant in existence but also addresses a major issue with existing smart-contract systems known as miner-extractable value.
This breakthrough, along with other advancements made by Revolution, has the potential to drive innovation in the blockchain space and highlights DeSo’s commitment to building a more decentralized and user-centric future for the internet.
Nader Al-Naji, expressed excitement about Revolution’s potential to introduce roughly a dozen distinct breakthroughs over existing proof-of-stake mechanisms, with each breakthrough being worthy of its own distinct academic paper.
This highlights the significant advancements that Revolution has made in the blockchain space and its potential to drive innovation. With Revolution, DeSo is aiming to revolutionize the blockchain industry and create a more efficient, secure, and user-friendly decentralized social media blockchain that provides maximum deflation by burning transaction fees and makes its native currency, $DESO, deflationary.
The launch of Revolution, along with DeSo’s upcoming launches like DeSo Drive and The Decentralized Web, signals DeSo’s long-term vision to create a more decentralized and user-centric future for the internet.