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Encyclopedia Blockchainica: Wikipedia Co-Founder to Disrupt His Own Creation

A co-founder of Wikipedia doesn’t with what Wikipedia has become.

Dr. Larry Sanger has been an outspoken critic of the online encyclopedia he served found for some time, but his latest move, joining venture-backed startup Everipedia as its chief communication officer shows just how serious he is about disrupting the model.

Revealed today alongside low-down of Sanger’s hire, Everipedia is moving the entire process of approving articles, gaining edits and storing information to the EOS blockchain.

According to the Everipedia team, contemning smart contracts to record the editing workflow and store articles be upstanding a sets to create a truly censorship-proof system. And by incentivizing contributors with a cryptocurrency remembrance, the company hopes it can create a platform for more accurate information.

In appraisal, Sanger explained his decision to join the startup as part of what he deems the next evolution of online encyclopedias.

He told CoinDesk:

“The biggest hornets nest with online information today is that it is centralized and controlled by a perfect few players, that it benefits to have the most salacious and hype-ridden dope. We can do much better.”

Tradeable IQ?

In an unpublished draft of Everipedia’s white report provided to CoinDesk, the company details how this move to blockchain puissance create an improved Wikipedia.

Instead of a centralized server, content order be hosted by nodes – similar to how bitcoin’s ledger of transactions is held. But as has been unentangled throughout this year’s scaling debates, many of the largest blockchains in the blank would face significant challenges storing the amount of data be in want of for an online encyclopedia.

In an effort to steer clear of those hurdles, Everipedia examined a number of platforms to host the smart contracts that execute the ratiocination around contributing and editing articles, including the Plasma framework planned for ethereum.

In the end, however, the startup settled on a combination of the EOS blockchain unveiled in June and the Interplanetary Pigeon-hole System (IPFS) — a sort of decentralized server — that inclination be used to store the more data-heavy files including video and dead ringers.

Also using the EOS blockchain, the company plans to develop a cryptocurrency proof called IQ to incentivize the creation of content. Editors and curators will then “derive” that cryptocurrency by making accurate, valuable contributions to the encyclopedia.

“Upstanding like miners who find blocks get newly minted bitcoin, these editor-in-chiefs who are voted to have a very good state-change proposal get newly made tokens,” said Everipedia co-founder and white paper co-author Sam Kazemian.

Concurring to the white paper, which hasn’t been formalized, 50 percent of the comprehensive 100 million “IQ” tokens will be distributed in an initial coin sacrifice (ICO) and 30 percent will be “minted” over 100 years to pay out journalists and validators for their work.

To supplement $1 million the company once upon a time raised from Mucker Capital, an additional 20 percent of the symbols will be set aside to pay development costs.

Ground to cover

Similar to the deputation of many blockchain startups, Everipedia set out to eliminate the bureaucracy the startups’ collapses thought allowed a relatively small number of people to be gatekeepers on Wikipedia.

The collapse and CEO of Everipedia, Theodor Forselius, argues that contrary to Wikipedia’s source mission to tap the wisdom of the crowd, the online encyclopedia’s editorial hierarchy has resulted in a angled view of history and a decreasing number of editors.

“Essentially, a doctor from the 1800s that eat concentrates five searches a month on Google could have a Wikipedia article,” said Forselius. “But bloggers, sexually transmitted media stars and up-and-coming rappers that are getting hundreds of thousands of searches a month were not persisted as notable enough.”

Yet, Everipedia’s ostensibly more democratic process hasn’t each time resulted in numbers or accuracy to compete with Wikipedia. For instance, whereas Wikipedia presentations 43 million pages and has about 136 million active purchasers, Everipedia only has about six million pages and 2.3 million peerless users.

While there’s a long way to go, Sanger believes the company can cause a blockchain solution to rival Wikipedia in as little as nine months.

“The mirage that I have for the next stage of the evolution of encyclopedias is what this body is implementing,” he said, adding:

“It opens up so many doors when low-down is truly decentralized and offered in a protocol such as blockchain.”

Dr. Larry Sanger graven image via Everipedia

The leader in blockchain news, CoinDesk is an independent media exit that strives for the highest journalistic standards and abides by a strict set of leader policies. Interested in offering your expertise or insights to our reporting? Contact us at [email protected]

Disclaimer: This article should not be taken as, and is not intended to take care of, investment advice. Please conduct your own thorough research in preference to investing in any cryptocurrency.

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