A decentralized competitor of Wikipedia, Everipedia (INTELLIGENCE) has changed to EOS blockhain. The wiki-based online encyclopedia was initially established on the Ethereum blockchain. However referring to issues associated with scalability, Everipedia has switched to the EOS blockchain.
The largest peer-to-peer encyclopedia and also its IQ tokens
Everipedia last year, revealed that the business was functioning to present their initial encyclopedia based upon blockchain. Implementing the EOS blockchain, the initial decentralized encyclopedia that operates on the blockchain, started servicing its cryptocurrency token called IQ. IQ tokens are now detailed on Coin MArket Cap and also in June, it had its airdrop to initiate its adoption.
Unlike Wikipedia, Everipedia is not totally free. Everepedia customers could gather coins for contributions they make in the form of new articles or editing and enhancing existing ones on the system. INTELLIGENCE Tokens can be made use of to manage the network or cast votes when needed.
The energy of Everepedia
” Not the entire great deal functions or is prepared on the EOS platform, nonetheless that’s the identical for Ethereum,” the Everipedia crew informed Arduous Fork in an electronic mail. “Scaling choices are however being struggled on, storage space, RAM, as well as transmission capacity rates change instead a great deal. Clearly, concerns need to be enhanced and business economics labored out.”
Wikipedia founder Dr Larry Sanger, who has joined the firm as the Chief Information Policeman (CIO), believed that given that Everepedia is a decentralized network, it will certainly bring information from multiple encyclopedias. The company will at some point consist of a ranking system that will aid classifying the write-ups based upon ‘people, teams as well as specialists’.
In an interview with BNN Bloomberg, Everipedia founder as well as Head of state, Sam Kazemian stated: “The whole method is developed on-chain, suggesting that articles are modified, voted on, as well as submitted to the EOS decentralized network and also [InterPlanetary File System] network. No part of the method requires trust in a solitary party. This makes Everipedia a probably reasonable as well as transparent system, where everybody could see exactly where and also exactly how the material was contributed to each write-up. Blockchains allow for distributed administration along with self-sustainability, which is required in a knowledge base that the public can rely on sufficient to recommendation.”
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 Coinchats.