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@Kitty4D on the B-Chain
just my adventures with the blockchain, web3, cryptocurrencies, and NFTs
Developer, Content Creator, NFT Hodler, Degen, Former Camgirl
aka @Kitty4DHD, @kitty4Do, $kitty4d
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Post by kitty4d

2022-09-21
• 3 days ago
what is it about the way the deso blockchain is built that makes txns be essentially gas-less? is it because of the TBPs that this is possible? i mean solana has almost negligible fees also, at least for wallet transfers. but it seems like deso has some secret that makes every single txn have basically no fee. i have talked to people about it before and so i have some thoughts but i don't have the knowledge to know the answer for sure.
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kitty4D
2022-09-24
• 6 hours ago
#kitty4d i should start putting this in all my posts. just to see how many it takes to get listed, i'm gonna add it as a comment to my posts now.
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paulburke
2022-09-21
• 3 days ago
Transactions fees are fixed which is only made possible by having a centralized consensus (Trusted Block producers). On DeSo, your transaction is processed in the order that it hits the mempool, not according to how high the transaction fee is. Because mining is totally fake, there’s no need to pay miners an attractive rate.
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kitty4D
2022-09-21
• 3 days ago
right, thanks, it's essentially what i thought though i'm still not exactly clear on where transactions are actually processed. maybe it's kinda by definition that they must be taking place on the TBPs and then whatever the TBPs decide, is sent out to all the nodes without any need for them to come to a consensus first? i'm a bit fuzzy on the differences between "processing txns" and "producing a block" - i don't know which comes first, i suppose. my assumption is since what's on a block should be immutable, txns have to be processed first and the block is produced with everything done. i don't mind showing a little ignorance here lol. the code then that all the nodes are running- is it even built to allow for decentralization? or does the code make assumptions that the TBPs exist? i am curious what these nft sites are looking for if they're interested in "decentralized end-to-end encrypted messaging" when deso is not decentralized at the moment. i guess this is part of why i was asking the questions lol.
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paulburke
2022-09-21
• 3 days ago
All nodes act as validators for transactions originating on their server, as well as ones that they add to their mempool from peer broadcasts. Miners compete for the ability to create the next block, which typically means that you get the block rewards, transaction/gas fees, as well as the ability to build the block as you see fit. On chains like Ethereum, this allows you to process transactions with higher fees first, and affords opportunities like MEV. Because DeSo has on-chain trading, it's likely that we'll always have a type of "trusted producer" setup, even with the switch to PoS. The reason for this is that the transaction order of blocks will always need to be the same as the "trusted" mempool. As far as third-party interest in DeSo for decentralized identity and messaging, they're up against actual decentralized options like ENS, Lens, and XMTP, which all have a fair amount of traction I guess time will tell.
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