Project specialized in hosting social media platforms and apps, Decentralized Social (DeSo) announced that the number of accounts created on the network has passed 1.5 M.
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Currently, the native coin of the blockchain, DESO, trades at around $59. In the last 7 days, the DESO price increased by around 90%.
The present growth of DeSo happens amid discussions about social media. A few days ago, Tesla and SpaceX CEO Elon Musk posted a Twitter poll asking if the algorithm of Twitter should be open source. The results show that around 82.7% of 1 million participants would prefer the system that way.
There were users urging Musk to develop his own solutions for a decentralized social network. Many pointed out that there are Web3 platforms, which are already open-source.
A major DeSo upgrade is the protocol's switching from the Proof-of-Work consensus mechanism to Proof-of-Stake.
Also, DeSo Foundation revealed earlier this month that it plans to launch a new platform, DAODAO. The team started the development in the middle of last year. DAODAO is the first platform enabling users to create a DAO (Decentralized Autonomous Organization) as easily as opening a social media account. DeSo says the platform will make investing in a DAO as simple as sending an email.