Home / Cryptocurrency / Blockchain Encyclopedia Launches as Developers Iron Out Token ‘Challenges’

Blockchain Encyclopedia Launches as Developers Iron Out Token ‘Challenges’

Cayman Islands-based blockchain startup Everipedia officially introduced its peer-to-peer (P2P) encyclopedia August nine, a press liberate showed.

Designed to be an “self sufficient encyclopedia with out the desire for ads or donations,” the venture makes use of the EOS community to serve as and can praise curators with its personal token, dubbed “IQ.”

Co-founder of Wikipedia became Everipedia CIO Larry Sanger commented within the liberate that they’re “elated to liberate [their] minimal viable community which permits customers to vote on and create articles in a decentralized method for the primary time.”

Communicate of a blockchain-based “choice” Wikipedia has lengthy floated round cryptocurrency circles, with fellow co-founder Jimmy Wales’ well known skepticism of Bitcoin (BTC) and hands-off way to blockchain generation serving so as to add to the group’s motivation.

Wales advised Cointelegraph right through an interview in June that he’s “now not planning on doing the rest at once within the blockchain house,” however added

“I’m very intrigued by means of the speculation. A large number of other people have pitched me on their concepts within the journalism house, I simply don’t see it makes numerous sense. I’ll proceed to mirror and assume.”

Talking to Bloomberg this week, Everipedia co-founder and president Sam Kazemian highlighted IQ as one of the vital largest demanding situations lately going through the venture.

“Designing token economics that in fact paintings and make sense is essentially the most difficult side,” he advised the e-newsletter,

“It’s simple to create a token and feature it do not anything aside from act as a unit of account within of a few carrier. However that’s now not what the IQ token does.”

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