Presearch is an upcoming search engine that has its sights set on competing with Google by creating a space that doesn’t collect user data. Instead, it uses computers run by volunteers, known as “nodes,” to perform the search results. The node runners then get rewarded with a cryptocurrency-based token for processing the data.
The project’s goal is to create a community-run search engine that doesn’t collect user data. It’s also designed to remove the user’s private information when performing a search. Anyone can participate in the project by either creating a node or volunteering.
According to Colin Pape, the founder of Presearch, the need for a decentralized search engine is growing due to the dominance of Google in the market. The engine also aims to provide a community-run alternative to search engines like Google and DuckDuckGo. The launch of the Mainnet is a significant step for the project and the future of search.
What Is Presearch?
Presearch is a potential alternative to Google in the search query space. The company has over 3.6 million users and 150 million monthly searches and recently launched its Mainnet platform. Notably, its decentralized network will run all of its traffic.
The company’s decentralized network can handle more than 5 million private searches a day. It also launched a new domain name for its search engine, Presearch.com. The company notes that it decided to change the name of its search engine after it was already using its main landing page.
In 2018, Google was fined about 4.24 billion euros by the European Commission for abusing its dominant position in the search engine market. As part of the settlement, the company agreed to give Presearch a default search option on all Android devices in 2021 across Europe and U.K.
The settlement also helped boost the number of users of Presearch on Android devices. In Europe, almost 70% of smartphones use Google’s operating system.
What Does Presearch Offer?
Presearch enables content creators to choose the data sources they use for their content. Its open ranking system allows them to make informed decisions and improve the quality of their content.
Through its platform, users can vote on and fund projects to improve its operations. They can also earn tokens for their contributions. Early adopters who helped promote the platform were rewarded with tokens. Presearch token holders can also vote on projects supported by the platform. Notably, advertisers can also purchase targeted keyword sponsorships. Here is a breakdown of the benefits and features that Presearch offers;
Presearch Engine
The Presearch Engine is powered by the combined power of various search engines and data sources. It provides a compelling search experience protected from censorship and gives users more control and choice.
Presearch Nodes
Users can install the Presearch Engine on any machine that supports Docker. It provides the necessary computing resources to run the Presearch Engine.
Presearch Keyword Staking
Through the Presearch platform, advertisers can bid for keywords and have their ads displayed. The person who commits the most PRE tokens to a keyword gets the ad displayed.
The launch of Presearch’s keyword staking ad network will allow other companies and publishers to expand their reach and create more value by using the company’s platform. It will also allow search engines and apps to generate more value by allowing advertisers to target their ads.
Presearch Marketplace
Through the Presearch Marketplace, project supporters and keyword stakers can easily purchase PRE tokens. They can do so using Bitcoin, Ethereum, and USD.
Ethereum Blockchain
Through the Ethereum blockchain, users can quickly transfer, sell, and buy PRE tokens. They can also view all of their transactions in an open, transparent manner.
PRE Tokens
The PRE token is a unit of account used within the Presearch ecosystem to represent the various rewards available to users. There are only 500 million of these which are all hosted on the Ethereum blockchain.
Users can transfer the PRE token to other wallets compatible with Ethereum. Furthermore, they can also sell it directly to anyone who wants to generate Presearch results as it recognizes ERC20 tokens.
The Presearch search engine uses the PRE token to reward those who use its platform. It has intrinsic value as folks can use it to promote advertising on the platform. Notably, the reward offered to searchers is equivalent to 0.5 PRE for every search they perform through Dsearch or 0.25 PRE for every search they do through other resources on Presearch.org.
The Rise of Decentralized Search Engines
Presearch is a decentralized search engine that aims to provide better results and protect your privacy while rewarding you when you search. The platform believes that the only way to compete against the dominance of a multinational corporation is to build a framework that allows people from all around the world to participate in creating a decentralized search engine.
Clearly, there is a need for an open, decentralized search platform such as Presearch to promote privacy and awareness. So far, its reception has been positive, with over 3.6 million users and the possibility of growth due to the recent transition to the mainnet.
Source: https://crypto.news/a-deep-dive-review-of-presearch-the-viable-google-replacement/