Reddit Partners with Ethereum Foundation to Create Scaling Solutions on Its Social App

2021-1-28 17:52

Reddit partners with the Ethereum Foundation to scale its “Community Points Rewards” system. The points system rewards quality user posts with crypto tokens. The new system will be open source and available for every developer to use.

In mid-June 2020, Reddit announced a possible partnership with the Ethereum Foundation to scale its ‘Community Points Rewards’ system. The move was widely regarded as the first step the popular discussion social app was taking in creating a decentralized community to promote freedom and incentivize “quality” posts on the platform. Now, Reddit is formalizing its steps to decentralization with an official partnership with Ethereum’s lead development team, the Ethereum Foundation, announced on Wednesday.

Reddit’s “first-ever blockchain partnership” aims to boost community participation through blockchain, accelerate scaling and development tools for Ethereum’s ecosystem and bring value and decentralization to its millions of customers globally, the post reads.

The two companies worked together on the Scaling Bake Off competition in August 2020 to promote decentralization on Reddit. A total of 22 projects submitted their detailed scaling solutions pitches, including Matic Network, NEAR Protocol, and SKALE Network.

The new partnership will focus on scaling the Community Rewards Points system for a start, the post reads. The point’s system will reward users with crypto bonuses for “quality posts” and comments. The developments will be led by the Reddit development team, with help from the Ethereum Foundation, but the system will be available for anyone to use. The Reddit post reads,

“We intend to help accelerate the progress being made on scaling and develop the technology needed to launch large-scale applications like Community Points on Ethereum.”

“The scaling technology developed through this partnership will be open-sourced and publicly available for anyone to use.”

The Community Points Rewards system is currently in the beta testing phase on the Rinkeby Network and tested in two communities on Reddit – r/CryptoCurrency and r/FortNiteBR. Each of these discussion groups has over 1 million users, and plans are underway to scale the rewards to every 430 million users on the social platform.

The report further states the rewards system aims to “utilize decentralized technology to empower individuals to have a sense of accountability and more ownership in the communities they create and contribute to.”

Ethereum/USD ETHUSD 1,338.0797 $113.20 8.46% Volume 34.92 b Change $113.20 Open$1,338.0797 Circulating 114.44 m Market Cap 153.13 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=ETH&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~ETH~USD"); The post Reddit Partners with Ethereum Foundation to Create Scaling Solutions on Its Social App first appeared on BitcoinExchangeGuide.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

The Hustle App (HUSL) на Currencies.ru

$ 0.0001612 (+0.15%)
Объем 24H $120
Изменеия 24h: 2.60 %, 7d: 11.87 %
Cегодня L: $0.0001612 - H: $0.0001612
Капитализация $0 Rank 3368
Доступно / Всего 0 HUSL / 1b HUSL

app social reddit community foundation ethereum creating

Источник: bitcoinexchangeguide.com

app social → Результатов: 126


Фото:

Facebook may soon let you chat with friends on mobile without Messenger

Five years ago, Facebook began encouraging users to use its standalone Messenger app to chat with their contacts, instead of using the built-in feature in the social network’s mobile apps. It appears that it’s now looking to bring messaging back to the primary Facebook app experience – which indicates a change in strategy for keeping users engaged on the platform App researcher Jane Manchun Wong tweeted a screenshot of a Facebook feature in the works, which shows a new tab for messaging people right within the social network’s app.

2019-4-12 10:48


Will Telegram Make Crypto Go Mainstream? Monfex’s Analyst Predicts It Might Be the Next Big Thing in Crypto

Telegram is a hugely popular messaging app with over 200 million monthly users, available across a large range of platforms and countries. Telegram’s messaging service has held huge appeal for those looking at alternatives to chat applications owned by social media giants, like Facebook Messenger and WhatsApp; amid mounting concerns over user privacy.

2019-4-10 17:28


What’s The Impact Of 4 Million Twitter Followers Being Exposed To CEO Purchasing Bitcoin Weekly

CEO Of Twitter Discloses His Trezor Hardware Purchase Powered By Bitcoin Jack Dorsey, Chief Executive Officer of social media giant – Twitter – and also of Square, a mobile payments company, has recently announced on Twitter that he has purchased a Trezor hardware wallet using Bitcoin (BTC) through the Square Cash app. Based on the […]

2019-3-10 16:15


Фото:

Can Blockstack’s Banter App finally Corral all your Crypto Media?

The Winklevoss Twins-backed decentralized internet project Blockstack announced the creation of a new social media platform called Banter. The Banter network can perform many of the actions popular in centralized social networks but is built on top of a decentralized blockchain-powered infrastructure, which comes with a unique set of advantages.

2019-3-10 16:00


V SYSTEMS ICO

V SYSTEMS is a native blockchain database and decentralized app platform that aims to create a brand new digital economy era. The project is led by chief architect, Sunny King, the legendary blockchain developer and creator of Proof of Stake (PoS), who initiated the first PoS project with Peercoin and was also the creator of Primecoin.

2019-3-6 16:04


Casa CEO Says Square Cash App Adding Lightning Network Support Would be Huge

The Lightning Network (LN) seems to be having a good moment in social networks. The founder of Twitter Jack Dorsey has been giving several positive comments related to the LN and Bitcoin (BTC). During the last year, the development of this second layer scaling solution for Bitcoin has experienced impressive growth. Now there are more […]

2019-2-12 02:22


KlickZIe ICO

KlickZie ArKnet The Next Generation of Social Media and Digital Networks using Augmented Reality and trustable imagery Tautachrome is launching the KLK cryptocurrency to support a global trade in goods, services and digital information made possible by its newly patented KlickZie technologies, and required to support the immediacy, transparency, security and global reach of this commerce sector.

2019-2-7 23:51


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Цена Ethereum пробила уровень $4000

6 декабря котировки второй по капитализации криптовалюты превысили уровень $4000 впервые с марта. За последние сутки актив вырос на 1,4%, согласно CoinGecko. 15-минутный график ETH/USDT биржи Binance. Данные: TradingView.

Соучредитель Ethereum перевел 20 000 ETH на Kraken

Разработчик и сооснователь Ethereum Джеффри Вильке отправил 20 000 ETH (~$72,5 млн) на биткоин-биржу Kraken. На это обратили внимание в Spot On Chain. Эксперты отметили, что транзакция произошла на фоне роста цены криптовалюты, в результате которого курс приблизился к $3700.

Цена Ethereum пробила уровень $2800

Вторая по капитализации криптовалюта за последние сутки подорожала на 9,6%. Цена актива пробила уровень $2800, поднявшись к значениям начала августа. На графике ниже видно, что восходящее движение поддерживалось всплеском объемов торгов: Четырехчасовой график ETH/USDT биржи Binance.

Объем торгов спотовыми Ethereum-ETF превысил $500 млн

Общий объем торгов спотовыми ETF на базе второй по капитализации криптовалюты преодолел рубеж в $500 млн спустя несколько часов после дебюта нового инструмента на регулируемых американских биржах.

Bitwise внесла изменения в форму S-1 для спотового Ethereum-ETF

Управляющий активами Bitwise подал обновленную форму S-1 для спотового биржевого фонда на базе Ethereum за несколько дней до крайнего срока 8 июля. Источники The Block сообщили, что SEC не назвала точное время рассмотрения документов, но компании могут получить одобрение к концу следующей недели.