• Reddit blockchain developers help
    Commentary,  Ethereum

    Reddit asks blockchain developers for help—but is it too big an ask?

    The social network wants to hear from scaling projects for its crypto Community Points project that are cheap, fast, and able to handle 400 million-plus users. Oh, and there’s no prize for the successful developers

    Reddit began experimenting with a crypto-based points system to much fanfare in April. But now, as the social network has realized that there’s a major stumbling block if it wants to roll the feature out to all 430 million of its monthly users: Ethereum has scalability issues.

  • Reddit crypto-based rewards
    Ethereum

    ‘This is adoption’—Reddit rolls out crypto-based rewards system

    The Community Points program pilot will reward frequent and popular posters in two subreddit forums with Ethereum-based tokens usable on the site. If successful, it could put a cryptocurrency wallet in 430 million Redditors’ hands

    Reddit has officially unveiled Community Points—a crypto-based rewards system that will allow users to build their reputations and accrue ERC-20 tokens on the Ethereum blockchain. The social network said contributors will be able to earn points whenever they submit quality posts or make meaningful comments that drive conversations forward.

  • Ethereum

    Upbit exchange hacker relieved of ill-gotten gains

    After Whale Alert tweeted a warning that $27,000 in ether stolen from Korean exchange Upbit last year had been sent to his exchange, Binance CEO Changpeng “CZ” Zhao acted quickly

    At 12:06 p.m. on May 13, @whale_alert tweeted out a warning that 137 ETH stolen from the South Korean Upbit exchange last November had been transferred to a wallet address on Binance. Of course, there's another 341,863 ether still missing.

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