Reddit and Ethereum Foundation to Build Blockchain Scaling Sol | Smart Bitcoin

Reddit and Ethereum Foundation to Build Blockchain Scaling Solution Together

The Reddit platform, which calls itself the "home page of the Internet," today announced a partnership with the Ethereum Foundation to develop solutions for blockchain scaling.

“We are committed to accelerating progress in scaling and developing the technology required to run large-scale applications such as Ethereum-powered Community Points. The scaling technology developed within the framework of this cooperation will be based on the principles of open source, and anyone can use it, ”writes the administrator of the portal jarins.

Together, Reddit and the Ethereum Foundation can work on both the creation of new solutions for scaling the second level, and the withdrawal of already proposed technologies from the design stage to the operational one.

Last year, Reddit, as part of the Community Points program, launched its own tokens for users of the r / Cryptocurrency and r / FortNiteBR subreddits. Its idea is to reward users for quality content with the ability to exchange tokens for insignia and other privileges. ERC20-tokens MOONS and BRICKS are presented on the Rinkeby testnet, but users have found a way to exchange them for real cryptocurrency.

In the summer, the portal encouraged developers to come up with solutions to scale their cryptocurrency initiative with a view to potentially expanding it to its multi-million dollar user base. Currently, the site is visited daily by over 50 million users.

“At this stage of cooperation, our efforts will be focused on bringing Ethereum to the scale of Reddit. Our blockchain activity will be spearheaded by the crypto team Reddit. We are currently hiring backend developers looking to build a decentralized internet, added jarins. "If you are interested in solving complex problems, including scaling and bringing the blockchain to millions of users, contact us."