Reddit Revamp to Involve Blockchain Technology

Reddit Revamp to Involve Blockchain Technology

Reddit continues to toe the line between staying a decentralized media platform and a centralized one, which could gain more backing from venture capitalists. According to prominent venture capitalist Fred Wilson, the platform might not be able to find this kind of middle ground and that a revamp might need to rely on blockchain technology. Blockchain refers to the public ledger of transactions in bitcoin. This is updated by several computer solving complex algorithms to add blocks of code to the blockchain upon transaction verification. Since it is stored across a vast network, the....


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Quotes

There are more people in the world who need a currency they can trust than there are people in the world who can trust their currency.

Wences Cesares (Xapo CEO)