Following widespread speculation that the popular discussion forum Reddit is about to launch a new points system built on top of the Ethereum (ETH) blockchain, the forum itself has now finally confirmed a new system that allows users to “earn a piece of their favorite communities,” with the help of Ethereum. And it offers “complete control, like Bitcoin.”
The news was shared by Reddit in a series of slides published on its website on Wednesday, explaining how the Internet has seen a gradual change from the free and user-controlled place that it used to be, to today’s “walled gardens” with censorship and monitoring of users.
“We believe in a new dawn for the Internet, where it can be free once again. We don’t have all the answers, but we believe together we can find a way,” the newly updated page said, before introducing the new system of “Community Points.”
With the new system, users on Reddit will be rewarded by other community members with points for creating “quality posts and comments.” The points can either be saved or spent to pay for certain premium features on the platform, while also serving as a sort of reputation score within the community, according to Reddit.
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