Decentralized social media blockchain sparks anti-censorship revolution as restriction law looms
Los Angeles, California, April 5, 2023, Chainwire
DeSo, the Coinbase-backed decentralized social media blockchain, has made a prominent breakthrough with its latest whitepaper launch, unveiling the groundbreaking Revolution Proof-of-Stake (PoS) consensus mechanism. This ground-breaking technology is a game-changer for the internet, as it promises to usher in a new era of censorship-resistant and truly decentralized social media.
This comes at a time when government overreach is at an all-time high as the censorship industrial complex accelerates its grip on power by introducing the Restrict Act. The Restrictions Act is a foot in the door towards absolute power and control over digital rights, information flow and online behaviour, where users risk giving up autonomy or privacy online.
With the introduction of the groundbreaking Revolution Proof-of-Stake consensus mechanism, DeSo has set a new standard for permission-free, censorship-resistant and decentralized social media, while promising greater energy efficiency, security and deflationary reward maximization through their native currency, $DESO.
“I am incredibly excited to introduce one of our biggest Proof-of-Stake breakthroughs, the concept of Revolt, which takes Revolution to the forefront of censorship resistance and solves the issue of miner-extractable value (MEV) in existing layer-1 blockchains that Ethereum. Revolution is not just an upgrade to existing PoS systems, but a whole new way to experience blockchain. With Revolution, we introduce about a dozen distinct breakthroughs over existing Proof-of-Stake mechanisms, many of which are worthy of their own distinct academic article.” – Nader Al-Najifounder of DeSo.
This is not just a repeat of Proof-of-Stake – it is a real revolution that combines years of research and refines the best elements of previous consensus mechanisms such as Tendermint, HotStuff, DiemBFT, Ethereum, Solana, Avalanche and Flow.
An example is a key unlock with current PoS consensus mechanisms that leads to centralization issues for other layer-1 blockchains. For example, on Ethereum, ~40% of ETH is staked with Lido. This means that if Lido were to go down or be seized, ETH would not be able to complete blocks.
With Revolution PoS, the problem of centralization in liquid stakes is solved through Sovereign Staking and Liquid Bonding. This approach reduces the risk that currently exists in today’s PoS systems.
Furthermore, Revolution PoS uses the groundbreaking Revolution Rule to eliminate the threat of censorship and MEV mining by automatically detecting and removing managers who engage in these activities.
By leveraging this innovative mechanism, transactions are secured against any malicious censorship attempts, ensuring that they cannot be tampered with for more than just a few seconds at most.
Another PoS breakthrough is The Burn-Maximizing Fee Algorithm, which surpasses Ethereum’s EIP1159, making DeSo the most deflationary protocol out there.
Revolution is also the simplest Proof-of-Stake consensus mechanism and aims to maximize its “mind virus” potential by making it accessible to anyone with basic computer science.
The DeSo blockchain will be the first to implement Revolution PoS, enhancing its already significant advantages, especially in terms of censorship resistance and decentralization.
“Other exciting features include Sovereign Staking to keep the network secure and ensure proper behavior from validator nodes. Revolution Rule is another notable feature that automatically time-outs managers that censor mempool transactions. In addition, Revolution PoS has a maximum deflation mechanism, which ensures that transaction fees are burned to the maximum extent possible, making $DESO deflationary.” – Nader Al-Naji, founder of DeSo.
Interested parties can visit revolution.deso.com and message DeSo founder Nader Al-Naji about DeSo’s censorship-resistant chat protocol for the password to gain early access to Revolution PoS.
About Deso
DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera and other blue chip funds.
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Arash Ghaemi
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