Odaily Decentralization Social Web L1 DeSo will be upgraded to the Revolution Proof of Stake in Testnet on May 1st. Mainnet is currently scheduled to launch on May 22. With this upgrade, DeSo will support features such as 500 posts per second (10% of X size), Maximized Burn Fee (BMF) Algorithm, 1 second confirmation time, 20% APY for stake DESO, and permissionless validators.

coin Jiejie.com reported: On April 26, it was reported that Decentralization Social Web L1 DeSo will be upgraded to the Revolution Proof of Stake Consensus in Testnet on May 1. Mainnet is currently scheduled for May 22. When Consensus upgraded, there will be support for features such as 500 posts per second (10% of X size), Maximize Burn Fee (BMF) Algorithm, 1 second confirmation time, 20% annualized yield for stake DESO, and permissionless validators.

On April 26, it was reported that Decentralization Social Web L1 DeSo will be upgraded to the Revolution Proof of Stake Consensus in Testnet on May 1. Mainnet is currently scheduled for May 22. When Consensus upgraded, there will be support for features such as 500 posts per second (10% of X size), Maximize Burn Fee (BMF) Algorithm, 1 second confirmation time, 20% annualized yield for stake DESO, and permissionless validators.

DeSo Puts Up $1 Million for Blockchain-Based Reddit Rival Decentralized social media protocol DeSo has offered a $1 million bounty for creating a Reddit competitor on its blockchain. This decision comes after Reddit faced backlash for limiting API access, leading to subreddit blackouts and the shutdown of third-party developers. DeSo aims to address the problems with centralized social media platforms and promote user autonomy over content.

According to PANews news on July 6, the social blockchain DeSo announced that it will provide a reward of up to $1 million for developers who build alternatives to the Reddit chain on its platform. Reddit's recent decision to restrict API access sparked protests within the community by making content private. DeSo claims that building a decentralized Reddit on its chain will give it full control over its content without being censored or banned at the protocol level. In 2021, the social blockchain DeSo completed a financing of US$200 million, with participation from a16z and Sequoia Capital.