Reddit Joins With Ethereum Foundation To Build Scaling Tools

Reddit is growing its role in the Ethereum ecosystem, with the goal of building out scaling tools for the blockchain network. From a report: The social media platform announced this week that it was expanding its work with the Ethereum Foundation to provide development resources to scaling tools. In the announcement, posted to the Ethereum subreddit, Reddit employee u/jarins said the move increases its commitment to the technology, and echoes its long-held "decentralized ethos." "In this new stage of our partnership, immediate efforts will be focused on bringing Ethereum to Reddit-scale production," the announcement said. "Our intention is to help accelerate the progress being made on scaling and develop the technology needed to launch large-scale applications like Community Points on Ethereum."

This partnership could result in Reddit working on layer 2 scaling tools or pushing projects from a prototype stage to production. Reddit development resources, including a developer team, would be involved in this work. Ultimately, the idea is a project like Reddit's Community Points feature could be capable of supporting the site's millions of users (Reddit has over 50 million daily users as of press time, according to Wednesday's announcement). "Our blockchain efforts will be led by Reddit's Crypto team," the announcement said, adding the company currently has job openings for backend engineers.

Oh Hell No.

[Cid Highwind]

applications like Community Points on Ethereum

Jesus Hopscotching Christ, the last thing I want is for my pretend internet points to have tax implications because now they're a cryptocurrency.

Re:

[fustakrakich]

I'm afraid it's true. Positive karma is taxable income. And you can't write off the downmods either

CLR

[algaeman]

Can't you use CLR, or an industrial descaler when you get mineral deposits on your blockchain?

Reddit means censorship

[Twinbee]

So does that mean we'll expect to see some kind of censorship with Ethereum or lack of free trade?

I don't trust Reddit as far as I can blink.

Re:

[Twinbee]

On the other hand: https://decrypt.co/53890/parle... [decrypt.co]

Could be interesting

[RemindMeLater]

Looking past the grumbling of the maxis in this thread, this could be interesting. Reddit has certainly learned a thing or two about scale. My main question is what reddit can bring to the table that something like Loopring isn't already doing Gas-less, instant transactions on eth layer 2. It's already present and working.