Blockchain Platform Everipedia To Replace Wikipedia

Swede Theodor Forselius co-founded Everipedia hopes to take over Wikipedia  
28 February 2018   425

Everipedia aims to overtake the world’s leading digital encyclopedia. It is co-owned by Theodor Forselius, a Swedish 22-year old entrepreneur. Another co-founder is Mahbod Moghadam. Last year, Larry Sanger, who is a Wikipedia co-founder,  joined Everipedia as their new Chief Information Officer.

Everipedia was founded on January 1, 2015. Before this, the team was active editors on Wikipedia.

Of course many people questioned that we would be able to compete with Wikipedia since it is one of the largest sites in the world. Now that we have raised a lot of money and have one of Wikipedia’s founders on-board we are being taken more seriously.

Theodor Forselius

According to Forselius, the difference between Wikipedia and Everipedia is that the latter is utilizing blockchain technology to run its network, with the goal being to finance Everipedia by means other than donations or banners.

He also added that giving the encyclopedia a crypto-twist will add financial incentives for users. Editing Everipedia costs tokens. If the edit is not an improvement, the token is forfeited. On the other hand, if the edit is deemed to improve the site, the user will be rewarded with more tokens.

People around the globe will have a chance to tap into the economic value that is created when they use internet services. What we are seeing now is the beginning of something much bigger.

Theodor Forselius

Bakkt to be Launched in December

It is also reported that Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure
19 October 2018   39

The expected launch of the Bakkt will take place on December 12 of this year. It is reported by The Block, citing informed sources.

Also, the material states that the investment bank Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure. At the same time, the bank is considering the possibility of trading futures on a new platform.

In a recent Fortune interview with Bakkt, Kelly Lofler said that the cryptocurrency market is on the verge of a revolution comparable in size to the one that occurred on the energy market in the early 2000s.

Greater institutional participation in the digital asset markets requires secure and regulated custody solutions. We are impressed by BitGo’s product, unique services, and the management team. We view our investment in BitGo as an exciting opportunity to contribute to the evolution of this critical market infrastructure.
 

Rana Yared

Managing director, Goldman Sachs’ Principal Strategic Investments group

Bakkt is a cryptocurrency unit of the Intercontinental Exchange (ICE), which is the operator of the New York Stock Exchange. Giants such as Microsoft and Starbucks are taking part in creating of the new project, which is positioned as an “ecosystem for digital assets”.

The new platform will offer deliverable bitcoin futures to the market (unlike the settlement contracts for CBOE and CME, these are based on the underlying asset). The platform will support multiple fiat currencies.