The team behind Damus, a decentralized social network controlled by its users and built on the Nostr network, teased a new feature in the next version of their app.
Damus Community Excited for Upcoming Bitcoin Revenue Payout Option
The new feature will allow users to earn satoshis based on post engagement on the platform. The Damus team did not provide a specific timeframe for the feature’s release, but described it as “coming soon.”
The team behind Damus, a decentralized social network controlled by its users and built on the Nostr network, teased a new feature in the next version of their app. The new feature will allow users to earn satoshis based on post engagement on the platform. The Damus team did not provide a specific timeframe for the feature’s release, but described it as “coming soon.”
Excitement among the Damus community is growing, with some describing Nostr as “the future of monetization.” Jack Dorsey, the former CEO of Twitter, has also shown support for Nostr by providing funds to its developers. On December 16, 2022, he announced a donation of 14 BTC, worth approximately $250,000 at the time, to support the development of the decentralized social network.
Damus Goes Live on Apple App Store, Jack Dorsey Celebrates as a Milestone for Open-Source Protocols
Cointelegraph reached out to a Damus developer for comments, but has not received a response yet. On February 1, 2023, Damus was made available for download on the Apple App Store for iPhone users. Jack Dorsey also shared the news on his Twitter account, describing the update as a new “milestone” for open-source protocols.
The push for a decentralized Twitter alternative comes after an internal investigation led by Elon Musk highlighted censorship-related issues on Twitter. Jack Dorsey has proposed potential solutions such as resilience from corporate or government control and algorithmic moderation, leaving the right to remove content to authors.
Coming soon in the next version... earn sats directly on posts! This post earned 118k sats which is about $40. Pretty neat! pic.twitter.com/dAbWWD4i93
— Damus⚡️ (@damusapp) February 5, 2023
Recommended reading: 5 Tips for Beginner Bitcoin Traders
(Image credit: logll.com)
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Frequently Asked Questions
FAQ:
❓ What is Damus and how does it work?
Damus is a decentralized social network that is controlled by its users and built on the Nostr network. The app allows for end-to-end private messaging without any servers within its network.
Instead, the protocol uses decentralized relays to distribute messages. This means that the control of the network is in the hands of its users, rather than centralized companies.
✔️ What is the upcoming feature in Damus that allows users to earn satoshis?
Damus has teased a new feature in the next version of their app that will allow users to earn satoshis based on post engagement on the platform.
This means that users will be able to earn a small fraction of Bitcoin for their posts and engagement on the Damus platform. The exact details of the feature and its release date have not been disclosed by the Damus team.
🚀 Why is Jack Dorsey supporting the Nostr network and Damus?
Jack Dorsey, the former CEO of Twitter, has shown support for Nostr and Damus by providing funds to its developers. On December 16, 2022, he announced a donation of 14 BTC, worth approximately $250,000 at the time, to support the development of the decentralized social network.
This is likely because Dorsey is a proponent of decentralized social media and has pushed for the creation of a decentralized Twitter alternative after an internal investigation led by Elon Musk highlighted censorship-related issues on Twitter.
👉 What happened when Damus became available for download on the Apple App Store?
On February 1, 2023, Damus became available for download on the Apple App Store for iPhone users. This was seen as a significant milestone for the decentralized social network and its development.
Jack Dorsey also shared the news on his Twitter account and celebrated the update as a new "milestone" for open-source protocols. The release of Damus on the Apple App Store marks an important step in the growth and development of the decentralized social network.
🤠 What are some of the potential solutions that Jack Dorsey has proposed for censorship-related issues on Twitter?
After an internal investigation led by Elon Musk highlighted censorship-related issues on Twitter, Jack Dorsey has proposed potential solutions such as resilience from corporate or government control and algorithmic moderation.
He has also suggested leaving the right to remove content to authors. These solutions aim to address the censorship-related issues and provide a more open and decentralized platform for users to express their views and ideas. Dorsey's proposals highlight his belief in the importance of decentralization and the need for a more open and transparent social media platform.
