Decentralized Blockchain Encyclopedia Startup, Everipedia Set To Rival Wikipedia

Henceforth, Wikipedia would cease to be the only ‘pedia’ as a blockchain-based alternative, Everipedia has been launched.
This is coming as good news to blockchain enthusiasts as they now have to themselves the world’s largest peer-to-peer encyclopedia built on blockchain technology, a system that uses EOS.IO technology.
Everipedia is not new as it has been in existence for a while and accessible to anyone in the world with a connection to the internet. Moving to MainNet now would mean it is no longer going to be stored and saved on the traditional web server, but will now be hosted on a secure blockchain-based platform.
Everipedia is also expected to be decentralized, able to store knowledge and free from restrictions by government and private corporations. Before now, countries like China, France, and Uzbekistan have in diverse ways tried to censor Wikipedia, which Everipedia aims at putting an end to by using a technology known as the InterPlanetary File System (IPFS).
“All articles currently being created by our users on the newly launched network are already stored on the blockchain through IPFS. That means anyone can take an IPFS domain and re-host the articles, making the content on the network virtually un-censorable by government censors,” said the team while speaking with Inverse.
Incentives are in for users as they will be rewarded with the product’s token, called “IQ,” for curating and editing articles. Earlier, an announcement was made that IQs will be distributed via airdrops at the launch of the platform. With this IQ, holders can cast votes and govern the ecosystem.
The new platform has as its Chief Information Officer Dr. Larry Sanger, who also is a co-founder of Wikipedia. As a recognized figure in the encyclopedia industry, Dr. Sanger believes that with this innovation, new things are possible that will disrupt online knowledge space.
“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.”
Everipedia co-Founder and CEO, Sam Kazemian, however, pointed out that IQ is one of the greatest challenges the project is currently facing.
“Designing token economics that actually works and makes sense is the most challenging aspect,” he told the publication. “It’s easy to create a token and have it do nothing except act as a unit of account inside of some service. But that’s not what the IQ token does,” he said while speaking to Bloomberg.
Only time will tell which platform online users would prefer.

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