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Decentralized Social Stock

Decentralized Social

DESO

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Decentralized Social Whitepaper

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WEEXDESO/USDT3.80088,756.220cex16/4/2025, 11:03 AM
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HTXDESO/USDT3.3007,091.790cex16/17/2025, 8:59 AM
CoinExDESO/USDT4.06149.9323.673,928.490cex567/9/2025, 6:23 AM
CoinExDESO/BTC3.9314.7754.353,734.270cex107/9/2025, 6:23 AM
CoinDCXDESO/USDT3.700543.180cex16/16/2025, 8:57 AM
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AscendEXDESO/USDT3.7614.6275.4100cex327/9/2025, 6:18 AM
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Decentralized Social FAQ

What is DeSo? Decentralized Social (DeSo) is a novel cryptocurrency designed to power decentralized social networks, facilitating the creation and management of digital communities without centralized control. By leveraging blockchain technology, DeSo enables the secure, transparent, and scalable operation of social applications, offering users enhanced privacy and control over their data. For comprehensive financial data, market statistics, and additional information about DeSo, you can visit Eulerpool.

DeSo represents a pioneering layer-1 blockchain, meticulously designed to decentralize social media for billions of users. Our vision is to foster an internet ecosystem that is led by creators, owned by users, and accessible to millions of developers worldwide, promoting collaborative innovation. Presently, a limited number of major tech corporations hold the monopoly over the information we access online. DeSo aims to transfer ownership back to users rather than platforms. With DeSo, your identity, profile, content, and social graph can be securely owned by you, free from censorship. Creators are now empowered to monetize content in unprecedented ways. Leveraging crypto-native monetization tools, such as Social Tokens, Social DAOs, Social NFTs, Social Tipping, and others, creators can capitalize on their passion and earn a livelihood by doing what they love. Developers can innovate within a gasless, permissionless, and transparent environment where everything is open and operates on-chain, ensuring maximum accessibility and composability. DeSo is designed to accommodate storage-intensive or infinite-state applications, paving the way for a new generation of non-financial-based web3 applications that were previously unfeasible. We can now envision, construct, and engage with the upcoming wave of web3 social platforms. In a manner similar to how Bitcoin and Ethereum have decentralized finance, DeSo is pioneering decentralization in social media. While we recognize the enormity of our mission, we believe a world prioritizing users, creators, and developers over corporations will be vastly improved. It's time to liberate ourselves. To delve deeper into the vision of DeSo, ensure you review the foundational concepts. Explore some of our leading applications: - Decentralized Twitter - Decentralized Fundraising - Decentralized Social Networks - Decentralized LinkedIn - Decentralized Medium - Decentralized Instagram - Decentralized TikTok - Decentralized OpenSea

Who are the Founders of Decentralized Social (DeSo)?

DeSo was established by Nader Al-Naji in January 2019. After graduating from Princeton University, Al-Naji served as a software engineer at the D. E. Shaw Group and subsequently at Google, where he contributed to the Google Search and Google Ads teams. Prior to DeSo, he secured over $133 million to launch an algorithmic stablecoin named Basis in 2017. The DeSo blockchain is backed by the non-profit DeSo Foundation, which aims to promote the decentralization of social media. Al-Naji currently serves as the chairman of the board of the DeSo Foundation, which has a $200 million treasury to support its mission. In October 2021, the DeSo Foundation revealed a $50 million developer fund, referred to as the Octane Fund, on Eulerpool.

What Distinguishes DeSo? Decentralized Social (DeSo) sets itself apart through its innovative approach to addressing the limitations of traditional, centralized social media platforms. By leveraging blockchain technology, DeSo offers a decentralized infrastructure that empowers users to have greater control over their data, privacy, and content monetization. Unlike conventional social media networks that rely on centralized servers, DeSo enables a distributed network of nodes to facilitate social interactions, thereby enhancing security and resilience against censorship. DeSo's unique value proposition lies in its capability to support native, blockchain-based social applications, allowing developers to build decentralized social networks with ease. This open and permissionless environment fosters creativity and innovation, inviting developers to create applications that prioritize user autonomy and equitable value distribution. Furthermore, by utilizing a robust consensus mechanism, DeSo ensures the integrity and transparency of its platform, making it an attractive alternative to existing social media ecosystems. To gain deeper insights into DeSo’s performance and metrics, refer to its data available on Eulerpool.

The DeSo blockchain facilitates not only conventional social features such as profile creation and posting, but also innovative blockchain-native elements, including social tokens (creator coins), tipping, and NFTs. These advanced features open up vast new categories of monetized products, ranging from social NFT platforms to influencer stock markets. They enable creators to effectively monetize their content and engage with their followers on apps powered by DeSo. With DeSo treating social data as a public utility, content creators are not confined to a limited number of centralized applications. All data on DeSo is stored on a decentralized ledger, accessible to an expanding network of independent third-party apps, similar to DeFi applications on the Ethereum blockchain. The primary advantage of DeSo lies in its design as a specialized blockchain focused on social-oriented features, which it implements at the hardware level using custom indexes that each node constructs during consensus synchronization with peers. This specialization allows the DeSo blockchain to achieve highly scalable storage capabilities, unmatched by any general-purpose blockchain. For example, the cost of storing 1 GB of data on DeSo is as low as 1 DeSo, in contrast to existing smart contract infrastructures that require millions of dollars for equivalent storage. DeSo has also announced a transition to Proof of Stake consensus by the end of 2022, which is anticipated to attain a throughput of hundreds of thousands of transactions per second, thanks to its precisely defined transaction schema.

Investors interested in Decentralized Social are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.