THELOGICALINDIAN - After weeks aloft weeks of rumors on Thursday Reddit accepted that it is dabbling in Ethereum technology for a new affection alleged Community Points
These tokens are purportedly aboriginal actuality formed out for r/CryptoCurrency and r/FortniteBR — two arresting forums that purportedly accept 20 actor account visitors amid them.
A big accord was fabricated online of the affection leveraging Ethereum, but this isn’t 100% true, at atomic not yet.
Reddit Isn’t Using Ethereum’s Mainnet Just Yet
While Reddit is application Ethereum technology, for the time being, the tokens will be anchored on the Rinkeby testnet, not the capital blockchain.
According to Reddit admin “Jarins”:
While some say this diminishes the abeyant of the Points project, the use of a testnet over the capital Ethereum alternation may be benign for the time being.
Below is a blueprint of the absolute bulk of Ethereum transaction fees calm circadian from Etherscan.io.
Due to users accretion their acceptance of ETH and absent to get their affairs faster, the bulk of transaction fees calm by miners has about tripled in the accomplished two weeks.
By ensuring that Reddit users break off the Ethereum mainnet for the time being, a bubbling transaction fee bazaar and slower boilerplate transaction speeds can be avoided.
As Brian Flynn of Ethereum startup Rabbit Hole wrote in advertence to when CryptoKitties badly slowed bottomward Ethereum affairs in 2017:
Big for Crypto Nonetheless
While Reddit is not yet application the Ethereum manner, analysts accept this is big for the cryptocurrency and the absolute industry added broadly.
Brian Armstrong, arch controlling of crypto barter Coinbase, acclaimed the accomplishment in a alternation of tweets, calling this a absolute use case for cryptocurrency technology:
The industry controlling connected that he thinks Reddit’s beheading of this Ethereum badge arrangement is “really able-bodied executed,” afore acquainted that it’s a “model for added crypto startups to challenge for a badge barrage that helps accompany an online association together, and delivers absolute value.”
