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Deso: Offers a prize pool of up to $1 million to support the development of alternative solutions for Reddit on the blockchain.

2023-07-06 14:28
Odaily News: Deso announced that it will provide a prize pool of up to $1 million to support Reddit's on-chain alternative project. Previously, Reddit's restriction on API access sparked significant controversy within the community (chainwire).



According to previous reports, the DeSo blockchain raised $200 million through token sales with participation from a16z, Coinbase, Sequoia Capital, and others.



DCP is an end-to-end encrypted on-chain messaging protocol that enables secure, censorship-resistant communication and community building. DCP allows direct information transmission on any DeSo-compatible blockchain, requiring only a blockchain wallet and a small amount of DESO tokens. Sending 1 MB of message data requires approximately 0.001 DESO tokens as a transaction fee.