DeSo
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:
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.
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Contact Details
DeSo Foundation
Ash Ghaemi
Company Website
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1461157 11-Oct-2022