OMG Network Introduces A New Scalable Solution For The Reddit Network

  • A month ago Reddit had announced an open invitation challenge which went by the name, ‘The Great Reddit Bake Off’.
  • In respect to the challenge, the OMG Network released its scaling solution that is based on Ethereum for the Reddit network.
  • OMG Network’s main aim was to create such a scaling solution that would enhance the transaction of ROCKs or the community points among the 40k Reddit user community.

A month ago Reddit had announced an open invitation challenge which went by the name, ‘The Great Reddit Bake Off’. In its collaboration with Ethereum Foundation, they were calling in for Ethereum scaling projects that can be incorporated in the mainnet to bring Community Points. The aim of the challenge was to create a solution that will facilitate as well as scale thousands of Community Points users. In respect to the challenge, the OMG Network released its scaling solution that is based on Ethereum for the Reddit network. OMG Network is a Blockchain technology that provides efficient transactions of ERC 20 tokens. 

The Aim of Participating In The BakeOff Challenge Was To Facilitate Efficient ROCK Transactions

OMG Network on their website said that when they took up the Reddit Bake Off challenge their main aim was to create such a scaling solution that would enhance the transaction of ROCKs or the community points among the 40k Reddit user community. They have introduced the Community Points Engine (CPE) that is expected to work in the r/omgnetwork subreddit. CPE, the Chrome extension according to them is a potential tool that caters cost-effective and real-time value transfer for the users through the subreddit channel. Users can transfer community points without having to input the receiver’s wallet address, the mechanism will do it all by itself. 

The CPE Protocol Is Based On The Guidelines Provided By Reddit

The OMG Network has also stated that their CPE decentralised protocol is interoperable, secured, scalable and usable, just as recommended by the Reddit community guidelines. The firm believes that blockchain has become more of mainstream technology. Applications like Reddit are beginning to see this as a potential tool to build a resilient ecosystem and to solve the prevailing problems. According to them the age of experimental approach over problems is over, now people should be focused on delivering software that is ready for production. 

OMG Will Improve Developer Experience In The Future

They have also emphasized how they have taken the challenge seriously. They have treated them as a client project and not as a challenge. The fact that they have completed the entire project in a period of 30 days speaks a lot about dedication and seriousness as a team. Moreover, the CPE was created as a diverse solution which means that not only subreddit, all types of users can use the browser. They have assured that they will enhance the developer experience by gaining more knowledge on the topic.

Source: https://www.thecoinrepublic.com/2020/08/01/omg-network-introduces-a-new-scalable-solution-for-the-reddit-network/