Lunyr Soon to Launch Private Alpha Release

Lunyr is an Ethereum-based decentralized crowdsourced encyclopedia and world knowledge base which rewards participants by incentivizing peer-reviews and the contribution of information. Think of Lunyr as a decentralized Wiki that cannot be censored. Lunyr will use a serverless architecture based on Ethereum smart contracts and IPFS. IPFS (the InterPlanetary File System) is a new hypermedia distribution protocol, addressed by content and identities. IPFS enables the creation of completely distributed applications. It aims to make the web faster, safer, and more open.

Lunyr is meant to become the starting point of the internet to find reliable and accurate information. The long term vision is to develop a knowledge based API that will allow the creation of the next generation applications for artificial intelligence, virtual reality, aumented reality and more.

An important component of the Lunyr platform is its advertising system, which allows for the purchase of advertising on the platform using Lunyr tokens (“LUN”). In 2008, BusinessInsider.com made an analysis of Wikipedia and concluded an advertising revenue potential of more than $350 million.

Initially, the main focus will be the fine-tuning of the platform to improve accuracy, increase content and grow readership. Once this is accomplished, Lunyr will attract more users by encouraging contributions of near real-time data on world events as well as translations in multiple languages.

Centralized systems are vulnerable to censorship by Governments ruling through oppression to impose control over their citizens and by preventing access to free knowledge. The Lunyr decentralized solution will prevent censorship and will allow more accurate information.

A mandatory peer review will prevent drive-by vandalism. Any content added to the Lunyr platform will go through a mandatory peer review process and will not be committed to the knowledge based platform until validation for reliability and accuracy is confirmed. A powerful incentive system by app tokens will ensure that peer-reviewers will act in the best interest of the platform.

Anyone who submits a contribution is also required to peer review other submissions. Submissions will not be committed unless they pass the judgment of multiple peer reviewers. Once the submission passes peer review, contributors are rewarded with CBN and HNR tokens but these tokens cannot be transferred to other inviduals. The LUN tokens will be used to purchase advertising on the platform.

The release of the beta version on Testnet will be in late 2017 and the beta version will launch in the first quarter of 2018. The Lunyr API is scheduled to be released sometime in 2019.

Disclosure: Sponsored article.

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JF

JF is a Linux enthusiast and blogger. He also helps people transition to a Linux OS, in order to increase security, especially when trading bitcoins.
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