#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!