Los Angeles, California, April 5th, 2023, Chainwire
DeSo, the Coinbase-backed decentralized social media blockchain, has made a preeminent breakthrough with its latest whitepaper launch, unveiling the groundbreaking Revolution Proof-of-Stake (PoS) consensus mechanism. This cutting-edge technology is a game-changer for the internet, as it promises to create a new era of censorship-resistant and truly decentralized social media.
This comes at a time when government overreach is at an all-time high as the censorship industrial complex accelerates its grasp for power by introducing the Restrict Act. The Restrict Act is a foot in the door towards absolute power and control of digital rights, the flow of information and online behavior, where users risk giving up autonomy or privacy online.
With the introduction of the groundbreaking Revolution Proof-of-Stake consensus mechanism, DeSo has set a new standard for permissionless, censorship-resistant, and decentralized social media while promising greater energy efficiency, security, and maximizing deflationary rewards through their native currency, $DESO.
“I am incredibly excited to introduce one of our biggest Proof-of-Stake breakthroughs, the concept of Revolt, which takes Revolution to the forefront of censorship resistance and solves the issue of ‘miner-extractable value’ (MEV) in existing layer-1 blockchains like Ethereum. Revolution is not just an upgrade to existing PoS systems but a whole new way to experience blockchain. With Revolution, we are introducing roughly a dozen distinct breakthroughs over existing Proof-of-Stake mechanisms, many of which are worthy of their own distinct academic paper.” – Nader Al-Naji, Founder of DeSo.
This is not just another iteration of Proof-of-Stake – it’s a true revolution that combines years of research and refines the best elements of earlier consensus mechanisms like Tendermint, HotStuff, DiemBFT, Ethereum, Solana, Avalanche, and Flow.
One example is a key unlock with current PoS consensus mechanisms that lead to centralization issues for other layer-1 blockchains. For instance, on Ethereum, ~40% of ETH is staked with Lido. This means if Lido were to go down or get seized, ETH would not be able to finalize blocks.
With Revolution PoS, the problem of centralization in liquid staking is addressed through Sovereign Staking and Liquid Bonding. This approach significantly reduces the risks that currently exist within current PoS systems.
Furthermore, Revolution PoS employs the cutting-edge Revolution Rule to eliminate the threat of censorship and MEV extraction by automatically detecting and removing leaders who engage in these activities.
By leveraging this innovative mechanism, transactions are safeguarded against any malicious censorship attempts, ensuring that they cannot be tampered with for more than just a few seconds at the most.
Another PoS breakthrough is The Burn-Maximizing Fee Algorithm, which outperforms Ethereum’s EIP1159, making DeSo the most deflationary protocol in existence.
Revolution is also the simplest Proof-of-Stake consensus mechanism and aims to maximize its “mind virus” potential by making it accessible to anyone with basic computer science knowledge.
The DeSo blockchain will be the first to implement Revolution PoS, enhancing its already significant advantages, particularly concerning censorship resistance and decentralization.
“Other exciting features include Sovereign Staking to keep the network secure and ensure appropriate behavior from validator nodes. The Revolution Rule is another noteworthy feature that automatically times out leaders that are censoring mempool transactions. Additionally, Revolution PoS has a maximum deflation mechanism, which ensures that transaction fees are burned to the maximum extent possible, making $DESO deflationary.” – Nader Al-Naji, Founder of DeSo.
DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera, and other blue chip funds.
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