This Wikipedia Competitor Aims To Use Blockchain To Create A Better Encyclopedia

“In January, when the site moves over to a blockchain, Everipedia will convert IQ scores to a token-based currency, giving all existing editors an allotment proportionate to their IQ—and giving them a real, financial stake in Everipedia. From then on, creating and curating articles will allow users to earn tokens, which act as virtual shares of the platform. To prevent bad actors from trying to cash in with ill-founded or deliberately false articles and edits, Everipedia will force users to put up a token of their own in order to submit. If their work is accepted, they get their token back, plus a little bit for their contribution; if not, they lose their token. The assumption is that other users, motivated by the desire to maintain the site’s value, will actively seek to prevent such efforts.”