Decentralized information hub Everipedia, a blockchain-based rival of Wikipedia, recently went live on the EOS mainnet, according to an article by TheNextWeb (TNW) yesterday, August 9.
Everipedia claims it has everything that Wiki hasn’t: It cannot be censored by the government, people who make valuable contributions are remunerated, and the maintenance of the system is a community effort.
World’s Largest English Encyclopedia
There are over 6 million articles on its site, and the numbers are increasing day by day, making it the “world’s largest English encyclopedia” in terms of content. It has over 8,000 registered editors in its platform, and allows people to view what specific entry is edited on its site in real time.
As a bonus, Wikipedia’s Co-Founder Larry Sanger is the company’s Chief Information Officer (CIO).
Sanger expressed in an email:
“Because the network is decentralized, the network will bring together articles from multiple encyclopedias, not just Everipedia. It will be possible to have different articles on the same topic, and we will eventually have a rating system that will make it possible for people to find different articles on the same topics, rated by different categories of people, groups, and experts.”
The platform uses an incentive system which rewards people with IQs —Everipedia’s token—for accurate edits, along with his staked token. This is if the community deems the editing correct and helpful. Otherwise, the one who sent the edit will lose some token if the community found it incorrect and unhelpful.
The platform will have a total supply of 10 billion IQ tokens, with each trading at $0.0195 at CoinMarketCap as of the time of writing.
Everipedia, a portmanteau of the words “everything” and “encyclopedia,” was launched in 2015, and was considered by many as a fork of Wikipedia, primarily because the platform intended to “import” all of the latter’s content.
However, it was only on December 6, 2017, when Everipedia announced that they were mulling over putting it on the blockchain. Ethereum was the first choice, but the system opted to go with EOS, which only went live in June—the same month that Everipedia airdropped its tokens to the crypto community.
Additionally, Everipedia has a more colorful and welcoming interface than Wikipedia, and the former allows other content and entries on its platform which are otherwise not allowed on the latter.
It remains to be seen whether Everipedia was correct in preferring EOS over Ethereum, as the former has some tweakings in its system which others consider to be “centralized.”