THELOGICALINDIAN - IOVLabs acquires Taringa a amusing media belvedere with 30M users
When you anticipate of blockchains with a amusing media application, Bitcoin is apparently not the aboriginal balance that comes to mind. More bodies are accustomed with Ethereum-based Peepeth, Bitcoin Cash’s Memo.Cash, or EOS’ Voice. In contrast, the aboriginal cryptocurrency is too apathetic and big-ticket for annihilation except hodling.
However, amusing media ability anon be advancing to BTC…or at least, to one of its sidechains. IOVLabs, the aggregation abaft RSK, has appear the accretion of Taringa!, a Spanish-speaking amusing network, with a user-base of 30 million.
RSK is a belvedere that opens up the possibilities of acute affairs with Bitcoin. Rather than creating an absolutely abstracted Blockchain, RSK instead operates as an open-source sidechain alongside the Bitcoin mainnet.
Using a two-way peg system, users can calmly barter BTC for RBTC, the agnate tokens on the RSK network. This finer agency that users can use bitcoins in decentralized applications, with the aforementioned aegis as the capital Bitcoin network.
IOVLabs is additionally developing the RIF OS protocol. As described in Crypto Briefing beforehand this year, the RIF Protocol is advised to accredit scalability, accomplishing acquittal processing levels commensurable to today’s acclaim agenda acquittal systems. Like RSK, such a band-aid is advised to advance the aegis advantages of Bitcoin’s arrangement while circumventing the scalability barrier.
The Taringa! amusing arrangement is home to millions of Spanish-speaking associates who accumulate to allotment life hacks, tutorials, reviews, recipes, and art. Users actualize agreeable that can again accept acknowledgment from associates as comments, points, recommendations, and favorites. The arrangement has a able accent on communities, with categories and subcategories for associates to accompany in conversations with anniversary other. More than 80,000 communities currently abide for abutting and discussing a assorted ambit of capacity on the Latin-American focused Facebook alternative.
The amusing media belvedere will booty advantage of RSK’s decentralized basement to actualize articles and services. IOVLabs hopes the network’s ample accustomed user abject will accommodate crucial advice for approaching development. The aggregation will use Taringa to analysis and administer new decentralized basement and apps at a abundant beyond calibration than was ahead possible.
Diego Gutierrez Zaldivar, CEO of IOVLabs, says that the new accretion puts the aggregation “at the beginning of adoption” in the broadcast balance technology industry. IOVLabs hopes to account from absolute admission to the ample Taringa community, which will accommodate acknowledgment on soon-to-be-launched RIF-powered accoutrement and protocols.
“We see Taringa as the aboriginal footfall appear massive acceptance of both RSK and RIF platforms,” Zaldivar says, “and a abundant footfall advanced for our continued appellation eyes of allotment individuals through decentralization.”
Taringa CEO, Matías Botbol, says that the aggregation is already architecture their aboriginal apparatus with the new technology, which will acquiesce Taringa users to be adored by actively accommodating in their communities. In the future, the association will add new blockchain appearance “including peer-to-peer badge exchanges, a exchange for added dApps to alpha alms articles and casework to our users, and more.”
Ultimately, Botbol comments, the ambition is to actualize a “new, open, decentralized Internet that respects individual’s abandon of accent and privacy.”
