Blockchain Encyclopedia Network Everipedia Goes Live

Announcements, Blockchain, News | August 10, 2018 By:

Wikipedia competitor Everipedia has officially launched its blockchain-based online encyclopedia.

Launched in December 2014, Everipedia is a publicly editable, free content encyclopedia and knowledge aggregator. Everipedia differs from prevalent encyclopedias and research databases such as Wikipedia and Encyclopaedia Britannica in that it does not require a standard of notability for inclusion in the database, which many consider to be the key problem with both services.

Built on top of the EOS blockchain platform, the new system uses blockchain technology to reward users with “IQ” tokens for curating and editing articles. These tokens, in turn, will let users participate and vote on network governance issues. The goal of the new system is to democratize the traditional encyclopedia model and economically align the incentives of the value creators and value extractors.

“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,” said Everipedia co-founder and president Sam Kazemian. “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.”

The Wikipedia competitor is hoping that this type of model will ensure that the platform remains fully independent of donations or advertisements. Additionally, the developers hope that by storing articles using blockchain technology, it would make the network “un-censorable.”

Dr. Larry Sanger, co-founder of Wikipedia and Chief Information Officer of Everipedia, believes that blockchain technology is making new things possible that will innovate on Wikipedia’s traditional model and disrupt the 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,” said Sanger.