A decentralized competitor of Wikipedia, Everipedia (IQ) has actually moved to EOS blockhain. The wiki-based online encyclopedia was initially created on the Ethereum blockchain. Yet pertaining to problems related to scalability, Everipedia has switched over to the EOS blockchain.
The largest peer-to-peer encyclopedia and its IQ tokens
Everipedia in 2014, introduced that the firm was working to present their first encyclopedia based on blockchain. Executing the EOS blockchain, the initial decentralized encyclopedia that runs on the blockchain, started working on its cryptocurrency token called INTELLIGENCE. IQ symbols are currently noted 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 can accumulate coins for contributions they make through brand-new write-ups or editing and enhancing 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 works or is prepared on the EOS system, nevertheless that’s the identical for Ethereum,” the Everipedia staff notified Arduous Fork in an electronic mail. “Scaling options are nonetheless being labored on, storage space, RAM, and also transmission capacity prices rise and fall rather a whole lot. Plainly, concerns have to be enhanced and also economics struggled out.”
Wikipedia founder Dr Larry Sanger, that has joined the firm as the Principal Info Officer (CIO), opined that since Everepedia is a decentralized network, it will certainly fetch info from numerous encyclopedias. The business will ultimately include a rating system that will aid categorizing the articles based on ‘individuals, teams and also experts’.
In an interview with BNN Bloomberg, Everipedia founder and President, Sam Kazemian stated: “The entire protocol is developed on-chain, suggesting that write-ups are edited, elected on, and also uploaded to the EOS decentralized network as well as [InterPlanetary File System] network. None of the protocol needs trust in a single celebration. This makes Everipedia a most likely fair and also clear system, where everybody could see precisely where as well as just how the content was added to each short article. Blockchains allow for dispersed governance in addition to self-sustainability, which is needed in a knowledge base that the public can trust enough to recommendation.”