Los Angeles, CA, 11 October, Chainwire
Takeaways:
- DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia and Andreessen Horowitz, just launched decentralized on-chain end-to-end encrypted group chats, a first-of-its-kind innovation.
- On-chain messages are resistant to censorship and can be used pseudonymously without supplying personal information, just like Bitcoin or Ethereum.
- DeSo is the only blockchain that supports seamless end-to-end encrypted on-chain messaging today, and the extension to group chats is a first-of-its-kind breakthrough.
- Apps like Diamond, a decentralized Twitter app that launched recently, are launching decentralized encrypted group chats on DeSo in the coming weeks. Diamond already supports end-to-end encrypted on-chain direct messages, which DeSo has featured since early 2021.
Today, Signal is the most popular private messaging app, and yet, users can’t use it without entering a personally identifying piece of information: their phone number. This makes it so that anyone with access to Signal’s database gets full information about whom users message and when. Additionally, because Signal is a centralized service, it has been blocked in major countries such as China.
Imagine if creating a Bitcoin (BTC) wallet required users to give up their phone numbers. Why can’t users have the same level of privacy and censorship resistance that they have with Bitcoin but applied to their communications?
Today, the DeSo blockchain brings Bitcoin’s pseudonymity and censorship resistance to messaging with the launch of decentralized end-to-end encrypted on-chain direct messages and group chats.
Thanks to a recent integration with MetaMask, users of DeSo apps like Diamond can sign up without entering any personal information. Additionally, because DeSo is a decentralized layer-1 blockchain, all messages are censorship resistant, meaning that nothing can stop recipients from getting their messages, even if they’re in a country with limited free speech.
“DeSo is the only blockchain that could support something like this today,” said Nader Al-Naji, creator of DeSo. “It costs about $75 to store a 200-character message on Ethereum and about $0.15 to store it on Solana, Avalanche or Polygon. In contrast, DeSo is one ten-thousandth of a cent, making it the first blockchain capable of disrupting storage-heavy applications like iMessage, WhatsApp and Signal,” Al-Naji added.
This is the latest in a recent string of successes for DeSo. The platform listed on Coinbase earlier this year and announced a groundbreaking MetaMask integration last week that caused a significant price surge. Many new social apps like Diamond, a Web3 social network built on DeSo, have launched and are growing rapidly with a recent surge in user numbers. Recently, the platform announced a USD Coin (USDC) integration that has attracted many new builders to the ecosystem. With the launch of decentralized messaging, DeSo’s true disruptive power becomes apparent. It is a platform that can not only disrupt social media but also be a platform that can ensure open communication and free speech for all citizens of the world.
About the DeSo Foundation
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, Winkelvoss Capital, Pantera and others.
DESO, the native currency of the DeSo blockchain, is listed on Coinbase.
Check out the full roadmap and claim your username on deso.com.
Contact
Growth Marketing Lead
- Ash Ghaemi
- DeSo Foundation
- [email protected]