This is not a cumulative chart (I feel like you have to clarify that in crypto). Unique Focus users, while limited strictly to only 3 invites per new user. Only a matter of time before the other chart catches up IMO. Keep ignoring DeSo at your own risk.
Just an hour ago, a Revolution officially began. The DeSo blockchain transitioned successfully from Proof of Work to our state-of-the-art Proof of Stake, with virtually no issues!
This upgrade has been *years* in the making, and it makes DeSo the first blockchain capable of operating at Twitter-scale, but with Bitcoin levels of decentralization.
As of just an hour ago you can stake DESO to validators for a 20% APY (in DESO) right from our Validator Hub, with over $80M staked so far:
https://t.co/cYNpwtPQjR
Just like with Bitcoin, anyone can also run a validator totally permissionlessly, and start collecting commissions from stakers. There are already over 20 validators running, collecting hundreds of thousands of dollars in annualized commissions!
https://t.co/nQnvonU8H0
Most exciting of all, though, is that this upgrade makes it possible to build a *truly* competitive SocialFi app on fully-decentralized rails for the first time, thanks to the following breakthroughs:
1. The DeSo network can now process 500 posts per second, more than any other blockchain, and about 10% of full Twitter-scale. In addition, it can now process thousands of DeFi transactions per second, which don't have heavy content storage requirements.
2. The network can charge <1/10,00th of a cent per post compared to ~$1 on Solana and $100+ on Ethereum.
3. 1 second confirmation times.
4. Data can be replicated across over a thousand permission-less validators, secured via end-to-end encryption where needed. Every validator maintains a full copy of the social graph, ensuring maximum decentralization and censorship-resistance. If you run a validator, you have all of the DeSo network's data right on your machine-- how cool is that! And you can visually see the social data going through the chain in every block on https://t.co/HV4uUe9VVI.
5. State-of-the-art burn-maximizing fees that minimize congestion while maximizing value for coin-holders.
6. State-of-the art Fast HotStuff consensus, and the first of its kind in production as far as we know.
7. 100% open-source. 100% of the code that powers the DeSo blockchain is open-source on https://t.co/OJx91iEEKG.
Put simply, for the first time, DeSo can expand the benefits of blockchains like Bitcoin or Ethereum from just DeFi to new categories that require heavy content storage like social media, marketplaces, and even fully on-chain order-book exchanges. It cannot be understated how much bigger crypto can be than it is today once decentralized content storage is added to the equation.
And in just a few weeks, we'll be launching our first major SocialFi app since BitClout, taking advantage of every single infrastructure upgrade that we've been working on for the past several years. The new app will be called Focus, and you can learn more about it and its new viral mechanics here: https://t.co/btgbcbLhYT.
If you believe in a future where content and social media is decentralized, instead of being owned and controlled by a handful of megacorporations, then this is it. We believe the next hit consumer app will be built on a truly open platform, and now could be the time it finally happens thanks to DeSo and Focus.
In 1776, our Founding Fathers declared their independence from centralized forces and started a revolution... Today I'm thrilled to announce that DeSo's Revolution Proof of Stake will launch the week of July 4th! The first app to be built on Revolution will be our next breakthrough SocialFi app, called Focus. And I'm thrilled to announce that Focus now has an official launch date of July 30th.
Revolution PoS is years in the making, and it marks the first time a truly decentralized blockchain can power a Twitter-scale social network. A few years ago, few even believed this was possible. In just a few weeks we will *show* the world that it's possible, with a launch unlike anything that the crypto world has yet seen. If you ever used BitClout, you know what's possible with DeSo, but that was only the beginning...
Revolution makes it possible to build a truly competitive SocialFi app on fully decentralized rails for the first time thanks to the following breakthroughs:
1. Twitter-scale apps at 500 posts per second, and thousands of DeFi transactions per second.
2. <1/10,00th of a cent per post compared to ~$1 on Solana and $100+ on Ethereum.
2. 1 second confirmation times.
3. Data replicated across over a thousand permission-less validators, secured via end-to-end encryption where needed.
4. 20% staking APY paid to those who secure the network by staking their DESO.
5. State-of-the-art burn-maximizing fees that minimize congestion while maximizing value for coin-holders.
6. State-of-the art Fast HotStuff consensus, and the first of its kind in production as far as we know.
Put simply, Revolution will expand the benefits of blockchains like Bitcoin from simple storage-light applications like DeFi to apps that require heavy content needs like social apps, marketplaces, and much more. In that sense, Revolution can expand the market for crypto apps from simple send/receive/trade use-cases to novel SocialFi experiences we haven't seen before.
It starts with the launch of Focus. Focus leverages every edge Revolution provides while improving significantly on both the virality and retention of BitClout, the first SocialFi app we launched in 2021. Focus does so many novel crypto-social things that it's hard to describe until you use it for the first time. That said, Focus can be considered a spiritual successor to BitClout. It ties together crypto and social in new and interesting ways for the first time, with several viral hooks that could permanently change the existing airdrop meta. Perhaps most interestingly, though, we think Focus will take meme coins to a whole new level, and remember it's built by the people who originally kicked off the craze way back in 2021...
For me personally, the launch of Revolution and Focus this summer will mark the realization of *years* of effort. It took *so much* thoughtful building for us to be able to do what we're doing with Focus and Revolution. But I believe the more you invest in your advantages and compound them, the more impossible it will be for anyone to catch you when things hit.
ChatGPT seemed like a toy until, almost overnight, it became good enough to replace Google for many use cases. I believe that Decentralized Social and SocialFi will follow a similar path. The user experiences of DeSo apps will seem "toy-like" compared to traditional platforms until a threshold of usability is reached, at which point the right viral hook and the right SocialFi unlock will lead to a mass exodus from the existing social platforms. I believe all of the innovations that have gone into Revolution and Focus put us closer to that threshold than anything in the past, and by a significant margin. More importantly, though, the launch of Revolution creates a platform where *anyone* can now build crypto apps that cross the usability threshold needed to go truly mainstream.
If you believe in a future where content and social media is decentralized, instead of being owned and controlled by a handful of megacorporations, then this is it. We believe the next hit consumer app will be built on a truly open platform, and that's what we'll keep working on tirelessly with DeSo and Focus.
@STLChessClub for all three commentators: if you could go back in time to be a live commentator at any chess game in history, which game would you pick and why? #USChessChamps
@STLChessClub for all three commentators: if you could go back in time to be a live commentator at any chess game in history, which game would you pick and why?
"Moving bar of light evokes vectorial spatial selectivity in the immobile rat hippocampus" Now in @Nature. If O'Keefe & Nadel had walked into a bar with Hubel & Wiesel in 1960s, instead of hippocampal place cells they might have been called VEVS.
https://t.co/1dh93oEFm7 1/4
The 2021 #NobelPrize in chemistry has been awarded to #PrincetonU professor David MacMillan "for the development of asymmetric organocatalysis."
Congratulations, Professor MacMillan! https://t.co/652mzn16Yx
One of my favorite episodes of Parts Unknown, wherein Anthony Bourdain visits my hometown of Udaipur, Rajasthan and has a meal at Nataraj, a simple vegetarian restaurant my family would often go to when we lived there:... https://t.co/e8YePd8FuX