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Reddit and Ethereum Come Together to Develop Scaling Tools

by Carolina Lynch
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Ethereum blockchain has gained massive popularity in recent times, and the leading names in the tech industry are exploring the benefits of the Ethereum technology to enhance their services.

Highly popular social media site Reddit has now joined hands with Ethereum Foundation to facilitate development resources.

Reddit Joins Ethereum Foundation for Bring Ethereum to Reddit-Scale Production

Ethereum 2.0 has propelled the growth of the decentralized finance protocol. Reddit is a top-rated social media platform that is used largely by the crypto community. Being its first blockchain partnership, Reddit has collaborated with Ethereum Foundation to accelerate technology growth and bring better services to its 50 million-plus daily users. Reddit team member u/jarins posted on the Ethereum Subreddit, saying that the deal is a step towards its commitment to technology and resonates with its decentralized ethos.  The post detailed that “in this new stage of our partnership, immediate efforts will be focused on bringing Ethereum to Reddit-scale production.” Reddit wants to accelerate the growth of scaling and build technology required for applications like Community Points. The partnership may foster the development of layer-two scaling tools by Reddit.

As part of the collaboration, Reddit development resources along with its developer team would work in the area. The work in the area is aimed at building applications like the Reddit Community Points feature to cater to millions of users at Reddit. Reddit said that its blockchain efforts would be catered to by its crypto team and listed some openings for the backend engineers to be part of its crypto team.

Reddit introduced Community Points last year, bringing the real manifestation of decentralized technology on its platform and empowering users to get more control. Through community points, Reddit rewards the users for their contributions like comments and posts and gives them ownership of the community. This brings more accountability and control to the users for the various communities in which they contribute.

Jarins also said that the team looks to work closely with the Ethereum Foundation to help contribute to the Ethereum ecosystem at a wider scale. He also shared that the team is hopeful announcing some exciting news in the next few months.


The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.

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