The first information distribution technology to find widespread popularity on the internet. Really Simple Syndication (RSS), is prepared to take on Web3 with RSS3, a decentralized information processing platform.
RSS3 outlined out intentions for moving its popular internet feed update to Web3 in a technical whitepaper released on Monday. RSS3 would provide each entity with an RSS3 file that would serve as source data and would be updated on a regular basis.
The source data file can then be utilized to create social media, content networks, games. Then, and other data-driven applications by aggregating all of the cyber activity.
The source data would be in charge of deciding which information should be made public and which should be kept private.
RSS is a file that contains a summary of a website’s most recent updates. That’s, usually in the form of a list of articles with hyperlinks. These feed files were intended to be decentralized and played an important role in information exchange via the internet. The monopoly of centralized web hosting service providers, on the other hand, has resulted in the development of the decentralized RSS3.
According to the official paper, creating a decentralized information processing protocol from the ground up is a difficult effort that could take another six to eight months for RSS3 nodes to be built. The creators are also working on a DAO system, but believe that full decentralization will take some time.
To roll out the protocol across several decentralized networks. That’s, the development team has teamed with Ethereum, Arweave, Polygon, BSC, Arbitrum, Avalanche, Flow, and xDAI.
To date, the team behind the decentralized system has closed two funding rounds. Then, with Coinbase Ventures, Dapper Labs, Dragonfly Capital, Fabric Ventures, and others participating.
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