The partnership between Reddit and the Ethereum Foundation birthed 22 Ethereum scaling proposals in a bid to create an Ethereum-based community points to support hundreds of thousands of its community points users on mainnet.
In June, The American social news aggregator announced that Ethereum Foundation will be its partner of their company’s token project. Reddit opened competition in the Ethereum-focused community called the Great Reddit Scaling Bake-Off which challenges to build a live and scalable application that the company’s hundreds of thousands of active communities can use to transfer community points (ERC-20 tokens) to its subreddit in a faster and cheaper way. The company has been beta testing two ERC- 20 tokens, Moon and Brick, which will be distributed respectively to members of its onsite communities’ r/Cryptocurrency and r/FortniteBR. The process experienced set back as it suffers from fee spikes and network congestion brought by the limited throughput that Ethereum currently provides, 10 to 20 transactions per second only.
The submission of proposals for this project ended on Friday, in which Reddit reported to have received almost 22 entries for review. The following projects are StarkWare, Dragonchain, Matic Network, Solana, Everest, xDai and Splunk, OMG Network, NEAR, Fuel Labs, Raiden, Connext, Arbitrum, Aztec, MatterLabs, Abridged and Kchannels, SKALE, Syscoin, Meter, Dapp Solutions, Hubble Project, Minter, and Celer.
In their open-invitation post on their website, Reddit made clear that whoever solution will be chosen or will be modified, this opportunity pays only fame and exposure and that there will be no prize at stake.