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Reddit Partners with Ethereum Foundation to Build Scaling Resources

Reddit | u/jarins |Jan 27, 2021

Reddit partners with ethereum - Reddit Partners with Ethereum Foundation to Build Scaling Resources

The social media firm will dedicate developer resources to support scaling efforts for Ethereum.

Via Reddit post:

Reddit admin u/jarins here, with some exciting news to share today: Reddit has teamed up with the Ethereum Foundation to establish Reddit’s first-ever blockchain partnership!

As Reddit continues to grow with more than 50 million daily users and hundreds of thousands of communities, the platform has long maintained a decentralized ethos by empowering users to create, govern, and grow their own communities. Through this partnership, we will be increasing our commitment to blockchain, accelerating scaling and resources for the Ethereum ecosystem, and bringing the value and independence of blockchain technology to millions of redditors.

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In many ways, this collaboration started with the Scaling Bake-Off that we hosted in this community with the Ethereum Foundation. In this new stage of our partnership, immediate efforts will be focused on bringing Ethereum to Reddit-scale production. Our intention is to help accelerate the progress being made on scaling and develop the technology needed to launch large-scale applications like Community Points on Ethereum. The scaling technology developed through this partnership will be open-sourced and publicly available for anyone to use.

We introduced Community Points last year to give more ownership and control back to users through decentralized technology. Built on Ethereum, Community Points represent a user’s ownership in a community and rewards them for their individual contributions (such as posts and comments). This project is our first attempt at utilizing decentralized technology to empower individuals to have a sense of accountability and more ownership in the communities that they create and contribute to. Community Points are currently in beta on the Rinkeby network and are being tested in r/CryptoCurrency and r/FortNiteBR.

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