The mainnet for decentralized encyclopedia startup Everipedia is now live.
The blockchain-based Wikipedia competitor announced the launch on Thursday, allowing users to earn its IQ tokens for adding or editing articles to the platform. These tokens, in turn, will let users participate and vote on network governance issues.
Everipedia's developers hope that this type of model will ensure that the platform remains fully independent of donations or advertisements. At the same time, the push toward decentralization is aimed at making the platform itself "uncensorable."
While Everipedia was previously accessible by anyone with an internet connection, the mainnet launch means it will now move from a traditional Web hosting service to a blockchain with a new URL.
The platform is built on top of the EOS blockchain platform, with Everipedia having moved to the EOS network earlier this year.
Everipedia announced that it would initially distribute its IQ tokens through an airdrop after EOS went live. Any user who owned EOS tokens could receive IQ tokens, the startup said at the time.
The startup notably boasts Wikipedia co-founder Larry Sanger as its chief information officer, as previously reported by CoinDesk.
In a statement, Sanger praised the launch, saying "we are elated to release our minimum viable network which allows users to vote on and create articles in a decentralized manner for the first time."
Image via Shutterstock
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Global AML Watchdog to Release Crypto Regulations By Next June
A global money-laundering watchdog has said it will begin publishing rules for international cryptocurrency regulation by next summer.
According to a Reuters report Friday, the Financial Action Tas
Sia Network Releases Hard Fork Code to Block Crypto Mining Giants
The sia blockchain network has released the formal code for an imminent hard fork that will block miners using hardware produced by Bitmain and other major manufacturers.
David Vorick, founder and
North Korean Hacking Group Lazerus Stole $571 Million in Cryptos: Report
North Korea's infamous hacking group, dubbed Lazarus, has managed to steal over half a billion dollars in cryptocurrencies, a report indicates.
According to an article published Friday by The Next
Bitcoin's Price Breaks Through Key Support As Stocks Go South
Bitcoin (BTC) has dropped out of the tight trading range seen recently, paralleling losses in the U.S. stock markets.
The leading cryptocurrency, which was trapped in a triangle pattern (narrowing
Chip Maker TSMC Forecasts Weaker Crypto Mining Demand in Q4
Chip-making giant Taiwan Semiconductor Manufacturing Company (TSMC) has predicted weak demand for processors from cryptocurrency miners for the fourth quarter.
TSMC, the primary supplier for crypto
Crypto Exchange Huobi Now Lets Users Swap Between 4 Different Stablecoins
Huobi, the Singapore-based cryptocurrency exchange, has just launched a new solution that enables users to switch between different types of fiat currency-pegged cryptocurrencies, or stablecoins, in e
Bitcoin Price Eyes Triangle Breakout Above $6.4K
Bitcoin (BTC) is again trading in a narrowing price range above $6,400, but the lateral trading may soon give way to a rally, according to technical studies.
The price consolidation comes after Mon
Security firm G4S Has Launched a Crypto Custody Service
U.K.-based security services company G4S now offers a crypto custody service aimed to protect investors' holdings of digital assets.
Announcing the move in a press release on Oct. 16, the firm said