Hacker Noon To Embed Blockchain Tech Into Its Blog, Allowing More Interactions With Readers

Hacker Noon, a knowledge website, announced they will launch on a blockchain, shortly after leaving Medium for calls of centralization. The official announcement from David Smooke, CEO of Hacker Noon, the blog-style based content site, stated the annotations of users (comments and reactions) will be stored on the users extra storage space to increase efficiency and reduce storage costs.

According to David, the annotations will be powered by ERA Inc.’s GUN, a P2P network, allowing authors to select annotations to be shown on their content from themselves and others. The companies partnered with a goal to improve the overall content sharing field by reducing the cost of storage and setting the platform on a decentralized network. The official website states,

“You, the author, have the power to accept or reject these annotations — if you reject them, they go away, but if you accept them, they show up on your story as a little yellow highlight, under the selected text.”

Once the annotations have been accepted by the author, the users/readers can view and save the annotations and in-line comments on their own devices reducing the cost of storage on the Hacker Noon site. Smooke said,

“Blockchain technology can distribute the hosting cost of running a site like ours, where people spend over 25 million minutes reading each month.”

Since splitting up with Medium, in the first half of the year in 2019, the latter company has tried to buy off Hacker Noon but to no avail. In one instance in March 2019, Smooke said Medium tried to offer a “low price” to purchase the blog but the sum was lower than what Hacker Noon makes a year in sales and advertisements. In a private funding round in 2019, the blog raised over $1 million USD for development from over 1200 investors.

The website currently receives over 4 million users on the site monthly with a target of adding more in the coming years. More developments are expected after the partnership between ERA Inc.’s GUN and Hacker Noon as explained by ERA CEO, Mark Nadal.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,472FansLike
2,795FollowersFollow
4,195FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin to Follow the Equities Market Up or Down? One-Month Correlation Spikes to an All-Time High

Yet another week of weak price movement. The world’s leading digital asset is trading at $9,072, in red with 24 hours ‘real’ volume of just...

Public Mint Launches Its Blockchain; Over 200 Banks Plan to Support Its Digital Money

vPublic Mint, a firm founded by CNET founder Halsey Minor, has announced the launching of its ‘fiat-native’ public blockchain, which enables anyone to easily...

BTC Halving Week Brings in Record Monthly New Accounts & Doubles the Revenue for BlockFi

The past two months have been incredibly dull for the price of bitcoin, but it didn’t affect the businesses in the cryptocurrency space. The...

Currencycloud Partners with Ripple to Leverage RippleNet for Efficient Cross-Border Payments

Currencycloud - one of the global payment processing giants - has become the latest member of the RippleNet family and would help ripple in...

Coinbase Custody and IOHK Partner to Provide Institutional-Grade Staking For Cardano's ADA in Q4

IOHK, the lead developer of Cardano blockchain, and Coinbase Custody, the institutional-grade custodian launched by Coinbase Inc., announced a partnership to allow users to...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today