Wikipedia rival Everipedia shakes off Ethereum to migrate to EOS blockchain

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August 10, 2018 by
Wikipedia rival Everipedia shakes off Ethereum to migrate to EOS blockchain

A decentralized rival of Wikipedia, Everipedia (INTELLIGENCE) has actually shifted to EOS blockhain. The wiki-based online encyclopedia was initially developed on the Ethereum blockchain. But relating to concerns associated with scalability, Everipedia has actually switched to the EOS blockchain.

The biggest peer-to-peer encyclopedia and also its INTELLIGENCE symbols
Everipedia in 2015, announced that the company was functioning to introduce their initial encyclopedia based upon blockchain. Carrying out the EOS blockchain, the initial decentralized encyclopedia that works on the blockchain, started working on its cryptocurrency token called IQ. IQ tokens are now listed on Coin MArket Cap and in June, it had its airdrop to initiate its adoption.

Unlike Wikipedia, Everipedia is not free. Everepedia individuals could accumulate coins for payments they make in the form of brand-new posts or editing existing ones on the system. IQ Tokens can be made use of to take care of the network or cast votes when needed.

The utility of Everepedia
” Not the whole lot functions or is prepared on the EOS system, however that’s the similar for Ethereum,” the Everipedia crew informed Arduous Fork in an electronic mail. “Scaling options are nevertheless being labored on, storage, RAM, and also bandwidth costs rise and fall instead a lot. Plainly, problems have to be enhanced and economics struggled out.”

Wikipedia co-founder Dr Larry Sanger, that has actually signed up with the company as the Principal Details Officer (CIO), suggested that since Everepedia is a decentralized network, it will bring information from multiple encyclopedias. The company will at some point include a score system that will assist classifying the short articles based on ‘individuals, teams as well as experts’.

In an interview with BNN Bloomberg, Everipedia founder as well as President, Sam Kazemian said: “The whole protocol is constructed on-chain, suggesting that articles are modified, elected on, and also posted to the EOS decentralized network and [InterPlanetary Data System] network. No part of the protocol needs count on a solitary event. This makes Everipedia a probably fair and also clear system, where everybody could see precisely where and just how the web content was included in each short article. Blockchains allow for distributed governance as well as self-sustainability, which is required in a data base that the public could rely on enough to recommendation.”

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