Damus to lure in Crypto Twitter with Bitcoin income payout possibility

Decentralized social community Damus teased an upcoming characteristic in its app that might permit customers to earn satoshis — the smallest fraction of Bitcoin (BTC)  — primarily based on publish engagement on the platform.

In a tweet, the Damus crew highlighted that there will probably be a characteristic that permits customers to earn satoshis within the subsequent model that’s “coming quickly.” The crew didn’t present any particulars after the announcement.

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,” a decentralized community that permits end-to-end personal messaging. There aren’t any servers inside its community. As an alternative, the protocol makes use of decentralized relays to distribute messages.

Numerous group members expressed their pleasure in regards to the new Damus characteristic, 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 challenge. On Dec. 16, Dorsey stated 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, employees resign whereas customers eye decentralized choices

On Feb. 1, Damus went stay on the Apple App Retailer and have become accessible for obtain for iPhone customers. Following this, Jack Dorsey additionally shared the information by way of 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 precise to take away content material to the authors and implementing algorithmic moderation.