B1X, a Platform for Web Content Monetization, Starts Working On Top of the XRP Ledger
- B1X is currently working on top of the XRP Ledger
- The XRP Ledger offers scalability, censorship resistance, decentralization and scalability
The B1X platform announced that it has been working on top of the Ripple Ledger in order to create a mechanism that will reward internet surfers and content creators for their input to the online world. They’ve decided to use the XRP Ledger because it would be able to provide solutions to 4.4 billion users.
B1X Builds On Top of the XRP Ledger
According to the company, this is the very first alpha version of their platform that will end up as a web page and application for mobile devices.
It is the very first alpha version of our platform. It will end up as a web page and app for mobile devices.
— B1X Gate (@B1xGate) February 21, 2019
According to a recently released blog post, they mention that the Internet has never had a decentralized instrument to ensure that internet users can monetize their ideas. B1X explains that there are different centralized platforms such as Facebook Ads, Google AdWords or others that have benefited due to the lack of decentralization on the web.
The intention is to eclipse the incentives of these websites and start a new online environment that is characterized by inclusion, creativity privacy and also democracy. There are different virtual currencies with public chains that are helping the ecosystem to have decentralized options.
At the same time, B1X will be using the XRP Ledger to support the web monetization alternative. The blog says that the XRP Ledger works in a similar way to the protocol of the Internet. For example, XRP is resistant to censorship, decentralization, accessibility, and scalability among other things.
In this way, the XRP ledger is able to meet the scalability requirements that 4.4 billion users on the internet would need. Moreover, the XRP Ledger Consensus Protocol (LCP) has faster transaction times, which means that it will be more powerful than the Ethereum (ETH) or Bitcoin (BTC) blockchains.