Wikipedia rival Everipedia shakes off Ethereum to migrate to EOS blockchain

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

A decentralized rival of Wikipedia, Everipedia (IQ) has moved to EOS blockhain. The wiki-based online encyclopedia was initially established on the Ethereum blockchain. But referring to issues associated with scalability, Everipedia has actually switched over to the EOS blockchain.

The biggest peer-to-peer encyclopedia and also its INTELLIGENCE symbols
Everipedia last year, revealed that the business was functioning to present their first encyclopedia based upon blockchain. Executing the EOS blockchain, the initial decentralized encyclopedia that works on the blockchain, started working with its cryptocurrency token called IQ. INTELLIGENCE symbols are currently detailed on Coin MArket Cap as well as in June, it had its airdrop to start its adoption.

Unlike Wikipedia, Everipedia is not free. Everepedia individuals could collect coins for contributions they make through new articles or editing existing ones on the system. INTELLIGENCE Tokens can be utilized to handle the network or cast votes when needed.

The utility of Everepedia
” Not the whole great deal functions or is prepared on the EOS system, nevertheless that’s the similar for Ethereum,” the Everipedia crew informed Arduous Fork in an e-mail. “Scaling alternatives are however being struggled on, storage space, RAM, as well as transmission capacity rates change rather a whole lot. Plainly, problems have to be improved as well as business economics labored out.”

Wikipedia co-founder Dr Larry Sanger, who has actually signed up with the business as the Chief Information Officer (CIO), said that because Everepedia is a decentralized network, it will certainly bring details from several encyclopedias. The business will at some point consist of a rating system that will aid categorizing the write-ups based on ‘people, teams and also professionals’.

In an interview with BNN Bloomberg, Everipedia founder as well as President, Sam Kazemian claimed: “The whole method is developed on-chain, meaning that write-ups are modified, voted on, as well as uploaded to the EOS decentralized network and also [InterPlanetary Data System] network. None of the protocol requires rely on a single party. This makes Everipedia a possibly reasonable as well as clear system, where everyone could see specifically where and how the web content was contributed to each post. Blockchains permit dispersed governance in addition to self-sustainability, which is needed in a knowledge base that the public could trust enough to referral.”

© Copyright 2018. Blockchain Academy. Designed by Space-Themes.com.