Damus to lure in Crypto Twitter with Bitcoin revenue payout option


Decentralized social community Damus teased an upcoming function in its app that may permit customers to earn satoshis — the smallest fraction of Bitcoin (BTC)  — based mostly on put up engagement on the platform.

In a tweet, the Damus staff highlighted that there might be a function that enables customers to earn satoshis within the subsequent model that’s “coming quickly.” The staff didn’t present any particulars after the announcement.

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Damus describes itself as a social community managed by customers and doesn’t depend on centralized firms. The applying is constructed on Nostr, or “Notes and Different Stuff Transmitted by Relays,” a decentralized community that permits end-to-end personal messaging. There are not any servers inside its community. As a substitute, the protocol makes use of decentralized relays to distribute messages.

Numerous neighborhood members expressed their pleasure in regards to 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 help for Nostr by offering funds to the builders of the undertaking. On Dec. 16, Dorsey stated that he donated 14 BTC, which is round $250,000 on the time, to help 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 offices, staff resign while users eye decentralized options

On Feb. 1, Damus went live on the Apple App Store and have become obtainable for obtain for iPhone customers. Following this, Jack Dorsey additionally shared the information by 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 on Dec. 14. This adopted the discharge of an inside 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.