Coinbase Powered DeSo Disrupts Telegram, WhatsApp and Signal

[PRESS RELEASE – Los Angeles, CA, 11th October 2022]

Takeaway:

  • DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia and Andreessen Horowitz, has just launched a decentralized end-to-end encrypted group chat, the first innovation of its kind.
  • Messages on the chain resist censorship and can be used pseudonymously without providing personal information, just like Bitcoin or Ethereum.
  • DeSo is the only blockchain supporting cross-chain encrypted seamless messaging today, and the extension to group chats represents the first hack of its kind.
  • Apps like Diamond, a recently launched decentralized Twitter app, will launch decentralized encrypted group chats on DeSo in the coming weeks. Diamond already supports on-chain encrypted instant messaging, as DeSo has demonstrated since early 2021.

Today, Signal is the most popular private messaging app, yet users cannot use it without entering a piece of personally identifiable information: their phone number. This enables anyone with access to Signal’s database to have complete information about who is sending messages and when. Also, since 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 don’t users have the same level of privacy resistance and censorship they have with Bitcoin but applied to their communications?

Today, the DeSo blockchain is bringing bitcoin aliases and resisting message censorship by launching end-to-end encrypted decentralized instant messaging and group chat.

Thanks to the recent integration with MetaMask, users of DeSo apps like Diamond can sign up without providing any personal information. Also, since DeSo is a decentralized Layer 1 blockchain, all messages are censorship-resistant, meaning there is nothing that can stop users’ recipients from receiving their messages, even if they are in a country with limited freedom of expression.

“DeSo is the only blockchain that can support something like this today,” said Nader El Nagy, creator of DeSo. Storing a 200-character message on Ethereum costs about $75, and about fifteen cents to store it in Solana, Avalanche or Polygon. In contrast, DeSo is one-tenth of a thousandth of a cent, making it the first blockchain capable of disrupting storage-heavy applications like iMessage. and WhatsApp and Signal,” adds the survivor.

This is the latest in a string of recent successes for DeSo. The platform, which was listed on Coinbase earlier this year, announced a groundbreaking MetaMask integration last week that caused a huge price hike. Several new social apps have been launched like Diamond, a web 3 social network built on DeSo, and it is growing rapidly with the recent increase in users. Recently, the platform announced a USDC integration that 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 also a platform that can ensure open communication and freedom of expression for all citizens of the world.

About the 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 with support from Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winkelvoss Capital, Pantera, and others.

$DESO, the original currency of the DeSo blockchain, is listed on Coinbase.

road map

Coinbase-backed DeSo deployment disrupted Telegram, WhatsApp and Signal for the first time on CryptoPotato.

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