Decentralized social community Damus teased an upcoming function in its app that may enable customers to earn Satoshi — the smallest fraction of Bitcoin (BTC) — primarily based on put up engagement on the platform.
In a Twitter put up, the Damus group highlighted that there shall be a function that enables customers to earn Satoshis within the subsequent model that’s “coming quickly.” The group didn’t present any particulars after the announcement.
Coming quickly within the subsequent model… earn sats immediately on posts! This put up earned 118k sats which is about $40. Fairly neat! pic.twitter.com/dAbWWD4i93
— Damus⚡️ (@damusapp) February 5, 2023
Damus describes itself as a social community managed by customers and doesn’t depend on centralized firms. The appliance is constructed on Nostr, or “Notes and Different Stuff Transmitted by Relays,” which is a decentralized community that permits end-to-end personal messaging. There are not any servers inside its community. As an alternative, the protocol makes use of decentralized relays to distribute messages.
Varied neighborhood members expressed their pleasure concerning the new Damus function, with some even going so far as describing Nostr as “the way forward for monetization.”
Former Twitter CEO Jack Dorsey has additionally been expressing assist for Nostr by offering funds to the builders of the mission. On Dec. 16, Dorsey mentioned that he donated 14 BTC, which is round $250,000 on the time, to assist the event of the decentralized social community.
Cointelegraph reached out to a Damus developer for feedback however didn’t get a response but.
Associated: Twitter closes workplaces, workers resign whereas customers eye decentralized choices
On Feb. 1, Damus went dwell on the Apple App Retailer and have become obtainable for obtain for iPhone customers. Following this, Jack Dorsey additionally shared the information via his Twitter account and described the replace as a brand new “milestone” for open-source protocols.
The previous Twitter CEO additionally pushed for the creation of a decentralized Twitter various again in Dec. 14. This adopted the discharge of an inner investigation led by Elon Musk that highlighted censorship-related points on Twitter. Dorsey highlighted potential options to the problems like resilience from company or authorities management, leaving the fitting to take away content material to the authors and implementing algorithmic moderation.
