The Upcoming Release of DeSo and Web3 Social Layer Version 2.0

03/24/2023 05:15 • Crypto & Markets • 62 views

According to reports, the Web3 social layer and Layer1 network DeSo have announced the upcoming release of version 2.0. Currently, the proof of interest system Revolution has been announced. In addition, there are updates such as Production Fast-Hotstuff, Sovereign Pledge, Liquid Bonding, and Collaborative.

Web3 social layer DeSo will launch version 2.0

The world of blockchain technology is constantly evolving. With the increasing adoption of cryptocurrencies and blockchain-based platforms, there is a need for more advanced solutions that can cater to the growing demands of businesses and individuals alike. One such solution is the Web3 social layer and Layer1 network DeSo.
According to recent reports, DeSo and Web3 social layer have announced the upcoming release of version 2.0. This highly anticipated update promises to bring with it a host of new features and improvements that will take the DeSo platform to a whole new level.

The Proof of Interest System Revolution

One of the most important updates that are coming with the version 2.0 release is the implementation of the proof of interest system Revolution. This new consensus mechanism is designed to improve the security and reliability of the DeSo platform, making it more resistant to attacks and network congestion.
The proof of interest system is based on a unique algorithm that takes into account several factors such as network activity, node activity, and staking rewards. This ensures that only the most active and dedicated participants in the network are able to validate transactions and earn rewards.

Production Fast-Hotstuff

Another important update that is coming with the version 2.0 release is Production Fast-Hotstuff. This is a new consensus protocol that is designed to improve the speed and efficiency of the DeSo platform. With Production Fast-Hotstuff, transactions can be processed faster, and the overall performance of the network can be improved.

Sovereign Pledge

DeSo version 2.0 also introduces a new feature called Sovereign Pledge. This allows users to stake their tokens on a proposal or decision, giving them a direct say in the direction of the network. By staking their tokens, users can earn rewards and influence the development of the platform.

Liquid Bonding

Another noteworthy update that is coming with the version 2.0 release is Liquid Bonding. This new feature allows users to create and trade bonds on the platform, providing a new way to earn rewards and invest in the network. Liquid Bonding is expected to appeal to a wide range of users and businesses, offering a new level of flexibility and accessibility.

Collaborative

Finally, the Collaborative update is also a part of DeSo version 2.0. This update aims to improve the collaboration and communication on the platform by introducing new features such as messaging, group chats, and file sharing. By facilitating collaboration and communication, the DeSo platform can become a more productive and efficient environment for businesses and individuals alike.
In conclusion, DeSo version 2.0 promises to be a major upgrade for the platform, bringing with it a series of new features and improvements that will benefit both users and businesses. With the implementation of the proof of interest system Revolution, Production Fast-Hotstuff, Sovereign Pledge, Liquid Bonding, and Collaborative, DeSo is set to become a leading blockchain-based platform that is both secure and efficient.

FAQs

Q: What is the proof of interest system Revolution?
A: The proof of interest system Revolution is a new consensus mechanism that is designed to improve the security and reliability of the DeSo platform.
Q: What is Liquid Bonding?
A: Liquid Bonding is a new feature that allows users to create and trade bonds on the DeSo platform, providing a new way to earn rewards and invest in the network.
Q: How will Collaborative improve the DeSo platform?
A: Collaborative introduces new features such as messaging, group chats, and file sharing, facilitating collaboration and communication on the DeSo platform.
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