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Coinbase-Backed DeSo Disrupts Telegram, WhatsApp, and Signal

DeSo
Coinbase-Backed DeSo Disrupts Telegram, WhatsApp, and Signal

11-Oct-2022 / 19:45 CET/CEST


Coinbase-Backed DeSo Disrupts Telegram, WhatsApp, and Signal

 

NEWS RELEASE BY DESO

Los Angeles, California | October 11, 2022 12:13 PM Eastern Daylight Time

 

Takeaways:

  •  
  • 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 , a Decentralized Twitter app that , 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 who the user messaging and when. Additionally, because Signal is a centralized service, it has been blocked in major countries like China.

Imagine if creating a Bitcoin 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 

Thanks to a , users of DeSo apps like  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 the users recipient from getting their message, even if they're in a country with limited free speech.

“DeSo is the only blockchain that could support something like this today,” says , the creator of 

This is the latest in a recent string of successes for DeSo. The platform listed on Coinbase earlier this year announced  last week that caused a significant price surge. Many new social apps like , 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 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 a platform that can ensure open communication and free speech for all citizens of the world.

About 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. They raised $200 million and are 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  and claim your username on .

 

Contact Details

 

DeSo Foundation

 

Ash Ghaemi

 

 

Company Website

 

 



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

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