Ethereum makes it to the spotlight once again following the latest important move that the platform just made. They teamed up with Ethereum Foundation in order to bring value and independence of the blockchain tech to over 50 million daily Redditers.
There’s an official post by the Reddit admin, u/jarins which stated that the platform would enhance its presence in the Ethereum ecosystem in order to accelerate scaling and the resources for the network.
It’s also important to state that the admin mentioned that the platform had kept a decentralized environment in order to help users grow their own communities.
Bringing Ethereum to Reddit-scale production
More than that, the online publication Finance Magnates notes that the platform aims to bring Ethereum to Reddit-scale production with the new partnership.
It’s been also reported that Reddit is planning to develop large-scale applications, including community points on Ethereum.
“In many ways, this collaboration started with the Scaling Bake-Off that we hosted in this community with the Ethereum Foundation. In this new stage of our partnership, immediate efforts will be focused on bringing Ethereum to Reddit-scale production,” according to the official announcement.
The notes continue and say: “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. The scaling technology developed through this partnership will be open-sourced and publicly available for anyone to use.”
We suggest that you check out the complete notes that Reddit admin posted on the platform.
The partnership is gold for the mass adoption of the blockchain tech. This has been one of the most important goals that the crypto industry has set, and there are all kinds of moves being made towards its achievement.
The move is also believed to boost the price of ETH. At the moment of writing this article, ETH is trading in the red, and the coin is priced at $1,270.40.