Web3 Social Layer and DeSo’s Upcoming Release of Version 2.0

03/24/2023 05:15 • Metaverse Matters • 98 views

According to reports, the Web3 social layer and Layer1 network DeSo have announced the upcoming release of version 2.0. Currently, the proof of interest system Revolution has been announced. In addition, there are updates such as Production Fast-Hotstuff, Sovereign Pledge, Liquid Bonding, and Collaborative.

Web3 social layer DeSo will launch version 2.0

Introduction

Web3 technology has been growing in popularity over the years, and the social layer and Layer1 network DeSo are at the forefront of this movement. Both have announced the upcoming release of version 2.0, which is set to bring a number of exciting updates to the network.

The Proof of Interest System Revolution

One of the most notable updates coming to DeSo’s version 2.0 is the implementation of the proof of interest system Revolution. This system is designed to improve on the traditional proof of work and proof of stake systems by incentivizing users to actively participate in the network.

Production Fast-Hotstuff

Another update coming to DeSo with version 2.0 is Production Fast-Hotstuff. This improvement will significantly increase the scalability of the network by allowing for faster consensus and reducing network congestion.

Sovereign Pledge

The upcoming release of DeSo version 2.0 will also introduce the Sovereign Pledge feature. This feature is designed to enhance the security of the network by making it more resistant to attacks from malicious actors.

Liquid Bonding

In addition, DeSo version 2.0 will also include Liquid Bonding, which enables users to stake their coins in order to earn rewards on a periodic basis. This will provide additional incentive for users to hold onto their coins and participate in the network.

Collaborative

Lastly, the Collaborative feature will be introduced in DeSo version 2.0. This feature will enable users to easily collaborate with one another on various projects and ideas. This will encourage greater collaboration and knowledge sharing within the DeSo community.

Conclusion

The upcoming release of DeSo version 2.0 is set to bring a number of exciting updates to the network. These updates will help to improve scalability, security, and collaboration within the network, as well as incentivize active participation through the proof of interest system Revolution and Liquid Bonding. As the Web3 movement continues to grow, DeSo and its social layer are poised to play a major role in the development and implementation of Web3 technology.

FAQs

Q: What is Web3 technology?
A: Web3 technology is the next generation of the internet, which is built on blockchain technology and decentralized protocols.
Q: What is the proof of interest system Revolution?
A: The proof of interest system Revolution is a new consensus algorithm designed to incentivize active participation in the network.
Q: How will DeSo version 2.0 improve scalability?
A: DeSo version 2.0 will improve scalability through the implementation of Production Fast-Hotstuff, which will allow for faster consensus and reduce network congestion.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/03/24/web3-social-layer-and-desos-upcoming-release-of-version-2-0/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.