The Ethereum Foundation partners with Reddit
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Answer The Ethereum Foundation partners with Reddit
A while ago, we referred to Arab Bitcoin to prepare the Reddit platform to integrate Ethereum-based tokens to reward and provide rewards to users of the platform.
Signs of a formal partnership between the Ethereum Foundation and the social media platform Reddit appear to discuss expansion arrangements, measure the process, and make network points more practical and useful.
in statement Reddit published it yesterday, explaining the partnership between it and Ethereum and how it aims to measure the performance of rewards on the Ethereum network to accommodate the huge number of users of the platform.
The scaling arrangements are indicated for presenting “network points” to the Ethereum mainnet.
The network points that Reddit intends to move forward and continually expand across the entire platform, Reddit told about, would benefit from customer experience, feedback, and suggestions.
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Network points can be used to earn points and other premium ranks on the platform.
Here’s what was said in a Reddit post:
Our goal is to find a solution that supports hundreds of thousands of major network users today, and can eventually expand to all of Reddit’s 430 million monthly users.
The Ethereum Foundation’s partnership with Reddit:
This Reddit post uploaded a set of rules that users have to follow.
In addition, “Scaling and Bonus Points Expansion” specialists have been given a pause on July 31, 2020.
The publication showed that the scaling and scaling arrangements at this time tended towards optimizing in order to move.
Scaling and scaling points have also been established, which should accommodate the figures shown below with minimal costs (in- and off-chain).
There must also be a clear path to support hundreds of millions of users, with a 5-day period set provided that the scaling PoC is able to handle:
- 100,000 points (point minting and distribution)
- 25,000 subscriptions
- Burn 75,000 points for one time
- 100,000 conversions.
Reddit also pointed out that the candidates who will receive the points will receive them publicly, stressing the transparency factor.
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