Bittime - The DeSo community welcomes the good news announced by the $DESO founder: the Proof of Stake (PoS) hard fork trial on the DeSo testnet went successfully. This significant advancement marks DeSo's shift from theenergy-intensive Proof of Work (PoW)
PoS Trial Runs Smoothly, Transition to Mainnet Will Be Held Soon
According to the DeSo team's report, the PoS trial went smoothly. So far, the entire process is going well and the transition to mainnet is expected to occur in late May to early June. More detailed information regarding the exact schedule for PoS and the launch of Focus, DeSo's integrated decentralized finance ( DeFi ) platform, will be shared next week. The DeSo community is certainly looking forward to exciting developments from DeSo in the coming weeks.
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Practice Staking $DESO on Testnet with Complete Guide
In anticipation of the official launch of PoS on mainnet, DeSo is offering users the opportunity to practice staking $DESO on the testnet. This is a great step to familiarize yourself with the staking process before implementation on mainnet. DeSo has prepared a comprehensive, easy to understand guidance document available at the link to the staking document . This document can also be accessed via the testnet Validator Hub at the link to Validator Hub . The steps for staking or running a validator on mainnet will be very similar to this guide, only the links will be different.
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Advantages of PoS: Better Network Security, Optimal Decentralization, and Energy Saving
The arrival of PoS in DeSo was greeted enthusiastically by users and supporters of the DeSo ecosystem. PoS will significantly improve the security of DeSo networks. Trusted validators will act as security guards for the DeSo blockchain, validating transactions and ensuring all activities run according to the rules. Apart from that, PoS will also make DeSo more decentralized.
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With PoS, anyone who owns $DESO can participate in staking and help secure the network. Not only that, PoS is also much more energy efficient than PoW, in line with DeSo's commitment to building a more environmentally friendly future.
Staking $DESO: An Exciting Opportunity to Earn Crypto Profits
More importantly, staking $DESO will open up exciting financial opportunities for users. By participating in staking, users can earn rewards in the form of additional $DESO tokens. The more $DESO that is staked, the greater the potential profit achieved. Of course, this is good news for users who have loyally supported DeSo.
DeSo's Bright Future: Censorship-Free Social Media with Crypto Profits
DeSo is increasingly establishing its position as an innovative decentralized social media pioneer. With the implementation of PoS, the future of DeSo looks even brighter. DeSo not only offers a social media experience free from censorship and control, but also provides attractive financial opportunities for its users.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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