Reddit employee known as jarins has announced a partnership between the company and the Ethereum Foundation, a non-profit organization that supports the development and development of Ethereum.
On the evening of January 27, the Ethereum subreddit appeared
message from one of the Reddit admins announcing the partnership and congratulating the Ethereum community. A Reddit employee known to users as jarins writes that this is the company’s first partnership in the blockchain industry.
According to the administrator, Reddit, with daily activity of over 50 million users in hundreds of thousands of groups, remains one of the largest platforms for the independent development of many communities. With this partnership, the company will expand its participation in the blockchain and cryptocurrency space, accelerate the development of the Ethereum ecosystem and provide it with new resources. Thus, millions of users will learn about the value and independence of blockchain technology.
The collaboration started with the Scaling Bake-Off online conference held on Reddit and is now taking it to the next level. With the help of Rediit, Ethereum will gain new scalability in the development and development of decentralized applications. The Ethereum team will receive technology to develop and run high-load applications such as Community Points. They will give users new opportunities for decentralized ownership and self-government of communities.
Community Points is a user motivation program that empowers them to self-manage Reddit communities. Community Points are currently in beta on the Rinkeby testnet and are being tested on r / CryptoCurrency and r / FortNiteBR subreddits. Under this program, users receive tokens (CP) for helpful articles and comments. These tokens circulate on the blockchain and are not controlled by Reddit. You can spend them on badges, emoji, animated pictures, etc. But most importantly, the owner of a large number of CPs gains more weight in voting and decision-making within the community.
On the part of Reddit, a specialized team will be engaged in development on the blockchain, in which the vacancies of engineers and other employees are already open. Moreover, jarins promises some more exciting news in the coming months.
The community received the information about the partnership with enthusiasm and more than a hundred comments have already been left under the article. Jarins wrote that he and several people from the Ethereum Foundation will be tracking the thread and answering all user questions.
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