In a tweet, the team behind Twitter’s decentralized alternative, called Damus, stressed that a feature will be added to the new version of the app that will allow users to earn “SATS.” This is the smallest fraction of Bitcoin on the platform. However, the team did not release any details at the time of the announcement.
What is Damus?
Damus describes itself as a social network that is managed by users and does not rely on centralized companies. The App is built on Nostr, or “Notes and Other Stuff Transmitted by Relays”, a decentralized network that enables end-to-end private messaging. There are no servers in the network. Instead, the protocol uses decentralized relays to distribute messages.
Several members of the community expressed their enthusiasm about the new function on Damus function. Some even went so far as to describe Nostr as the future of revenue generation.
Former Twitter CEO Jack Dorsey has also expressed his support for Nostr. He did this by providing money to the developers of the project. On Dec. 16, Dorsey said he donated 14 Bitcoin, which was then worth about $250,000. With this amount he wants to support the development of the decentralized social network.
New milestone
On February 1, Damus went live on the Apple App Store and was available for download by iPhone users. Jack Dorsey shared the news via his Twitter account at the time, describing the update as another milestone for open source protocols.
The former CEO of Twitter also pushed for the creation of a decentralized Twitter alternative on Dec. 14. This followed the release of an internal investigation led by Elon Musk that revealed censorship-related issues on Twitter. Dorsey highlighted possible solutions to these problems such as the flexibility of corporate or government control, leaving the right to remove content to the authors, and implementing algorithmic moderation.
