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 competitor of Wikipedia, Everipedia (INTELLIGENCE) has moved to EOS blockchain. The wiki-based online encyclopedia was at first established on the Ethereum blockchain. But pertaining to concerns associated with scalability, Everipedia has actually switched over to the EOS blockchain.

The largest peer-to-peer encyclopedia and also its INTELLIGENCE tokens
Everipedia in 2014, introduced that the company was working to introduce their first encyclopedia based on blockchain. Carrying out the EOS blockchain, the very first decentralized encyclopedia that operates on the blockchain, began servicing its cryptocurrency token called INTELLIGENCE. IQ tokens are currently listed on Coin MArket Cap and also in June, it had its airdrop to start its fostering.

Unlike Wikipedia, Everipedia is not complimentary. Everepedia individuals could gather coins for payments they make through brand-new articles or modifying existing ones on the platform. INTELLIGENCE Tokens can be used to manage the network or cast votes when required.

The utility of Everepedia
” Not the whole lot functions or is prepared on the EOS system, nevertheless that’s the identical for Ethereum,” the Everipedia team informed Arduous Fork in an e-mail. “Scaling alternatives are nevertheless being struggled on, storage space, RAM, as well as bandwidth costs fluctuate instead a lot. Plainly, problems need to be improved as well as economics struggled out.”

Wikipedia co-founder Dr Larry Sanger, who has actually signed up with the business as the Chief Details Officer (CIO), opined that because Everepedia is a decentralized network, it will bring info from several encyclopedias. The business will eventually include a rating system that will certainly help classifying the articles based upon ‘individuals, teams and experts’.

In a meeting with BNN Bloomberg, Everipedia founder as well as President, Sam Kazemian said: “The whole protocol is constructed on-chain, meaning that short articles are modified, voted on, as well as submitted to the EOS decentralized network as well as [InterPlanetary File System] network. None of the method calls for trust in a single event. This makes Everipedia a probably fair as well as transparent system, where every person could see precisely where and how the material was included in each post. Blockchains permit distributed governance along with self-sustainability, which is required in a knowledge base that the public could trust sufficient to reference.”

shekar

A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website Cryptobulletin.

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