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Lunyr – Decentralized, Reward-based Encyclopedia


Published: January 23, 2018 | Admin
Lunyr – Decentralized, Reward-based Encyclopedia | https://bl4nkcode.info/cryptocurrency/article/17/lunyr-decentralized-reward-based-encyclopedia Lunyr – Decentralized, Reward-based Encyclopedia

While access to free knowledge is available on the internet, so far, no platform has created a decentralized system where users can contribute with relevant facts and be rewarded, in return for their effort.


This is about to change, given the appearance of Lunyr, which is an Ethereum-based, decentralized platform of knowledge, where users are rewarded via tokens for contributing with information and peer-reviewing other people’s submissions. Commonly referred to as a decentralized encyclopedia, Lunyr implements an innovative system consisting of three main steps: 


1. Contribute to the world knowledge base by creating or editing existing articles 
2. Receive peer approval from other users 
3. Receive HNR, LUN and CBN tokens via smart contracts. 


Some of the main benefits associated with the Lunyr platform includes free access to a decentralized database of information, the ability to create or edit articles, an incentivized method of contributing with information, similarly-incentivized peer review system, and more. 


Additionally, the Lunyr platform is also censorship resistant, given its decentralized status, which means that it is easily able to cope with censorship efforts and oppression by authorities. Lastly, the platform is fully autonomous, as it has no central administrator. The community itself will be responsible for resolving quality issues, disputes and general management of the platform, thus putting everything in the hands of the community, for the better. Those interested in contributing to the platform will have to register via the Alpha program, whereas general readers will simply be able to access to a database of knowledge. 


As the platform will work on par with Ethereum, this means that the decentralized encyclopedia will have zero downtime. Unlimited, unrestricted and fulltime access to a database of community-shared and approved information.


The potential of the platform is virtually limitless, and in the long run, Lunyr hopes to create a knowledge base API which developers will use in order to create various decentralized applications, especially in the artificial intelligence, augmented reality and virtual reality niches. 


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