Home CryptoBitcoin Musk Buying Twitter Changing the Social Media Landscape

#technology #hypersync #social #media #DeFi #blockchain #bitcoin #knights, #crowns #knightsbridgedao #twitter #Musk #information #crypto #DeSo #Forbes #CoinDesk #Bloomberg

“The decentralized social media landscape is changing rapidly as Elon Musk buys Twitter and takes it private. Now Th People are looking for a change as they are tired of a handful of companies owning the world’s information”–Paul Ebeling

Hypersync is a new approach to node synchronization designed for infinite-state blockchains that are orders of magnitude faster than traditional block synchronization.

For example, storing just a 140-character ‘tweet’ on Ethereum costs $80 and $0.25-$1.00 on Solana, Avalanche and Polygon. In contrast, storing this on the DeSo blockchain costs one-thousandth of a penny because of DeSo’s scaling advantages.

Hypersync means it is much faster to sync a node, making it easier to run one – thus increasing decentralization and improving scalability.

Other layer 1 blockchains are designed to scale storage-light or ‘finite-state’ applications like DeFi protocols, where only a few bytes of storage are needed per account. But social applications are storage-heavy and require an ‘infinite-state,’ generating data on every post, follow, like, etc., that needs to be stored forever. Decentralized social is the only layer 1 blockchain designed to scale infinite-state applications to 1-B users.

Infinite-state applications are needed for social media because storage needs go up as more users join the network and create more content.

Since its inception, the decentralized social media blockchain has accumulated over 100,000 node downloads, a total transaction volume of over $1.4-B and it has managed to achieve this with an average cost of less than $0.000017 per post.

The code is 100% open source, and all the data is stored directly on the chain. Additionally, DeSo has onboarded over 1.5-M accounts with user acquisition expected to accelerate as more apps are created on the decentralized social blockchain.

While billionaires continue to fight over who controls our information, DeSo already has a Web 3.0 version of Twitter called Diamondapp and a Web 3.0 LinkedIn called Entre. Diamondapp offers native on-chain features such as on-chain profiles, social NFTs, social tokens, social tipping via ‘diamonds,’ on-chain posts and much more.

DeSo is currently listed on Coinbase and has been featured in several media outlets such as CoinDesk, Bloomberg, The New York Times, TechCrunch, Decrypt, Forbes and Yahoo Finance.

Have a prosperous week, Keep the Faith!

You may also like


Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.