• Chainwire DeSo has introduced a new Proof-of-Stake (PoS) system, Revolution, that provides greater energy efficiency and security while making its native currency, $DESO, deflationary.
• The Revolution PoS requires validator nodes to lock up a deposit of $DESO on the network to participate in consensus.
• Other features include maximum deflation, where transaction fees are burned to the maximum extent possible; Revolution Rule; and Sovereign staking.
Coinbase-Backed DeSo Introduces Revolutionary PoS System
DeSo, the decentralized social media blockchain backed by Coinbase Ventures, has introduced a groundbreaking Proof-of-Stake (PoS) system aptly named „Revolution“. This innovative technology promises to revolutionize and build upon the successes of previous Proof-of-Stake systems with added features such as maximum deflation, where transaction fees are burned to make $DESO deflationary; Revolution Rule; and Sovereign staking.
Validator Nodes
The Revolution PoS requires validator nodes to lock up a deposit of $DESO on the network in order to participate in consensus. By using crypto as collateral it compels the nodes to behave appropriately and helps keep the network secure.
Revolution Rule
Revolution Rule automatically times out leaders who attempt to censor mempool transactions. This feature makes it one of the most censorship resistant systems available today.
Sovereign Staking
DeSo’s revolutionary system also allows users to stake their $DESO for roughly three hours only – significantly improving liquidity compared with traditional stake models which require much longer time frames.
Conclusion
The introduction of DeSo’s new PoS system marks a significant milestone for the industry as a whole – bringing exciting new features that build upon existing mechanisms from leading layer-1 blockchains. With this innovation comes better energy efficiency, security, liquidity and much more – setting a standard for future blockchains looking for similar benefits without compromising decentralization or scalability.