Damus to lure in Crypto Twitter with Bitcoin revenue payout option

Decentralized societal web Damus teased an upcoming diagnostic successful its app that would let users to gain Satoshi — the smallest fraction of Bitcoin (BTC)  — based connected station engagement connected the platform.

In a Twitter post, the Damus squad highlighted that determination volition beryllium a diagnostic that allows users to gain Satoshis successful the adjacent mentation that’s “coming soon.” The squad did not supply immoderate details aft the announcement.

Coming soon successful the adjacent version... gain sats straight connected posts! This station earned 118k sats which is astir $40. Pretty neat! pic.twitter.com/dAbWWD4i93

— Damus⚡️ (@damusapp) February 5, 2023

Damus describes itself arsenic a societal web controlled by users and does not trust connected centralized companies. The exertion is built connected Nostr, oregon “Notes and Other Stuff Transmitted by Relays,” which is simply a decentralized web that enables end-to-end backstage messaging. There are nary servers wrong its network. Instead, the protocol uses decentralized relays to administer messages.

Various assemblage members expressed their excitement astir the caller Damus feature, with immoderate adjacent going arsenic acold arsenic describing Nostr arsenic “the aboriginal of monetization.”

Former Twitter CEO Jack Dorsey has besides been expressing enactment for Nostr by providing funds to the developers of the project. On Dec. 16, Dorsey said that helium donated 14 BTC, which is astir $250,000 astatine the time, to enactment the improvement of the decentralized societal network.

Cointelegraph reached retired to a Damus developer for comments but did not get a effect yet.

Related: Twitter closes offices, unit resign portion users oculus decentralized options

On Feb. 1, Damus went unrecorded connected the Apple App Store and became disposable for download for iPhone users. Following this, Jack Dorsey besides shared the quality done his Twitter relationship and described the update arsenic a caller "milestone" for open-source protocols.

The erstwhile Twitter CEO besides pushed for the instauration of a decentralized Twitter alternate backmost successful Dec. 14. This followed the merchandise of an interior probe led by Elon Musk that highlighted censorship-related issues connected Twitter. Dorsey highlighted imaginable solutions to the issues similar resilience from firm oregon authorities control, leaving the close to region contented to the authors and implementing algorithmic moderation.