Cayman Islands based blockchain launch Everipedia officially launched its peer-to-peer (P2P) encyclopedia on August 9th, a confirmed press release.
Designed to be an "autonomous encyclopedia without advertising or donations", the project uses the EOS network to work and will reward curators with their own token, dubbed "IQ."
Wikipedia co-founder turned into Everipedia CIO Larry Sanger commented in the statement that they are "elated to release [their] the bare minimum of a network that allows users to vote and create articles in a decentralized way for the first time."
Talking about a "alternative" blockchain-based Wikipedia has long wandered around the cryptocurrency circles, with fellow co-founder Jimmy Wales known Bitcoin skepticism (BTC) and "hands-off" approach to blockchain technology that it is used to add motivation to the community.
Wales told Cointelegraph during an interview in June that "he is not planning to do anything directly in the blockchain space", but he added
"I am very intrigued by the idea. I have launched their ideas in the space of journalism, I simply do not see it makes much sense I will continue to reflect and reflect. "
Speaking to Bloomberg this week, the co-founder and president of Everipedia Sam Kazemian highlighted the IQ as one of the major challenges currently faced by the project.
"Designing the token economy that really works and makes sense is the most challenging aspect," he told the publication,
"It's easy to create a token and do not do anything but act as a unit of account within some services, but that is not what the QI token does. "