Wikipedia rival Everipedia shakes off Ethereum to migrate to EOS blockchain 20759
News
Madhurima Roy
Aug 10, 2018 at 10:10 AM

A decentralized competitor of Wikipedia, Everipedia (IQ) has shifted to EOS blockhain. The wiki-based online encyclopedia was initially developed on the Ethereum blockchain. But pertaining to issues related to scalability, Everipedia has switched over to the EOS blockchain.

The largest peer-to-peer encyclopedia and its IQ tokens

Everipedia had announced last year that the company was working to introduce their blockchain. Implementing the EOS blockchain, the first decentralized encyclopedia, started working on its cryptocurrency​ token called IQ. IQ tokens are now listed on Coin Market Cap and in June and it had its airdrop to enhance its adoption.

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Unlike Wikipedia, Everipedia is not free. Everepedia users can collect coins for contributions they make, in the forms of new articles or editing the existing ones on the platform. IQ Tokens can be used to manage the network or cast votes when needed.

The utility of Everipedia

“Not the whole lot works or is prepared on the EOS platform, however that’s the identical for Ethereum,” the Everipedia crew informed Arduous Fork in an electronic mail. “Scaling options are nonetheless being labored on, storage, RAM, and bandwidth prices fluctuate rather a lot. Clearly, issues have to be improved and economics labored out.”

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Wikipedia co-founder Dr Larry Sanger, who has joined the company as the Chief Information Officer (CIO), opined that since Everepedia is a decentralized network, it will fetch information from multiple encyclopedias. The company will eventually include a rating system that will help categorizing the articles based on ‘people, groups and experts’.

In an interview with BNN Bloomberg, Everipedia co-founder and President, Sam Kazemian said: “The entire protocol is built on-chain, meaning that articles are edited, voted on, and uploaded to the EOS decentralized network and [InterPlanetary File System] network. No part of the protocol requires trust in a single party. This makes Everipedia a probably fair and transparent system, where everyone can see exactly where and how the content was added to each article. Blockchains allow for distributed governance as well as self-sustainability, which is needed in a knowledge base that the public can trust enough to reference.”

 

Image via Shutterstock

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