Web3 social layer DeSo will launch version 2.0

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.

Interpretation of this information:

The announcement of the upcoming release of version 2.0 of the Web3 social layer and Layer1 network DeSo marks a significant development in the world of decentralized finance (DeFi), as it promises to bring a range of updates and improvements. One of the most notable updates is the introduction of the proof of interest system Revolution, which is likely to have far-reaching implications for the DeFi space.

The proof of interest system Revolution is an innovative approach to validating transactions, which aims to address some of the issues that have been identified with existing blockchains. Traditional blockchains use a proof of work system, which requires users to solve complex mathematical problems in order to validate transactions. This has proved to be inefficient and slow, particularly as the number of transactions on the blockchain increases.

Revolution, on the other hand, is a more streamlined approach that is designed to incentivize users to hold tokens and participate in the network. This not only speeds up the validation process but also encourages greater participation in the network. With Revolution, users are rewarded for their involvement in the network through token payouts, which can be used to access additional features and services.

In addition to the introduction of Revolution, the upcoming release of version 2.0 of the Web3 social layer and Layer1 network DeSo also includes a range of other updates and improvements. These include Production Fast-Hotstuff, Sovereign Pledge, Liquid Bonding, and Collaborative. Each of these updates is designed to enhance the functionality and utility of the DeSo network, making it more user-friendly and accessible.

In summary, the announcement of the upcoming release of version 2.0 of the Web3 social layer and Layer1 network DeSo is a significant development in the world of DeFi. The introduction of the proof of interest system Revolution is likely to have far-reaching implications for the validation of transactions on the blockchain, while the other updates are designed to enhance the overall user experience of the network.