Blockchain Networks

🖥️  Ethereum is a programmable blockchain system ➡️  possible to build and deploy decentralized applications (dApps) on its network

✅  Uses PoS to achieve consensus on the state of a contract instance

👍🏼  SCs running on the ETH blockchains make them very flexible in their applications

💡 The startup ‘Ideamarket’ aims to differentiate itself from traditional gatekeepers by delivering objective assessments of information and establishing credibility for content

⬆️  Platform, where people can upvote different media brands and independent journalists

💰 Upvotes cost money and become more expensive with the increasing number of votes ➡️ causes people to question the content as they need to pay money for clicks 🤔

🏆 Creates competition for credibility and incentivizes the public to search for undervalued ideas and to do due diligence ➡️ opportunitiy of setting up a functionung news media market

📈 Users can buy and sell accounts to earn additional money —> stock exchange for ideas

📊 Ranking of news sources without a single gatekeeper ➡️ decentralized fact checking platform

💡 Further platforms, where publishers are rewarded for upvotes is ‘Steemit’

✅ E.g., Fact Protocol …

… Web 3.0 fact checking system that is decentralized and scalable. It powers applications, which include but are not limited to decentralized fact checking, blockchain KYC/ID verification, and a diversity of authentication tools, e.g., for supply chain, or document verification

… is a Web 3.0 fact checking system with a workable scaling strategy based on globally distributed community contributions to combat the spread of Fake News

… can execute transactions at high speeds for a very low fee and is environment friendly

… applies rules and decisions, that are formed by the protocol through governance votes and contribution incentives are determined by contribution weight

… has a tokenized incentive system