Decentralized social network Damus (damus.io) has announced a new feature that will allow users to earn a small fraction of Bitcoin called “satoshis” based on post engagement. Damus claims to be a social network that is controlled by users and does not rely on centralized companies. The app is built on a decentralized network called Nostr, which uses decentralized relays to distribute messages.
The upcoming Bitcoin payout option will be available in the app’s next update, but no release date has been provided yet. Some community members are excited about the feature and see Nostr as the future of monetization. Jack Dorsey, former CEO of Twitter, has donated funds to support the development of the decentralized social network.
Damus has some pretty amazing functionality with many integrations, including Umbrel nodes.
Here are also some details on Nostr and the Lightning Network:
Nostr, which stands for “Notes and Other Stuff Transmitted by Relays,” is a decentralized network that enables end-to-end private messaging. It operates without any servers and instead uses decentralized relays to distribute messages, making it more difficult for third parties to intercept or censor communication.
Bitcoin, on the other hand, is a decentralized digital currency that operates without a central bank or administrator. It uses cryptography to secure transactions and control the creation of new units. Satoshis, which are the smallest unit of Bitcoin, are often used to denominate smaller transactions or microtransactions.