Lunyr Review – ETH Blockchain Peer-Review Knowledge Sharing Rewards?
Lunyr claims to be “the future of knowledge sharing”. Find out how the platform aims to change the knowledge ecosystem today in our review.
What Is Lunyr?
Lunyr, found online at Lunyr.com, is a peer-to-peer knowledge sharing platform that incentivizes users to contribute and share knowledge with others.
You share knowledge to the platform by creating or editing articles. Those articles are posted onto a decentralized base of knowledge – similar to the idea behind Wikipedia. Your information undergoes a peer-review process. If your peers approve the content, it gets published and you get rewarded.
Overall, Lunyr claims to be “the starting point of the Ethereum network for obtaining reliable, accurate information.” It’s a knowledge-centric decentralized app (DApp) based on the Ethereum ecosystem.
How Does Lunyr Work?
Lunyr sees itself as the knowledge base of the future. It’s a decentralized app built on the Ethereum blockchain. Users are incentivized to contribute to the platform, and anyone can earn rewards for contributing their information and knowledge to the platform.
Like other blockchain technologies, Lunyr also promises to be censorship resistant. There’s no centralized authority that is capable of censoring information. There’s no central administrator: it’s a decentralized, autonomous organization where the community resolves disputes and quality issues.
Here’s the basic process of posting knowledge on Lunyr:
- Step 1) Share Knowledge: Create or edit articles and contribute to Lunyr’s decentralized base of knowledge.
- Step 2) Get Peer Approval: Submissions that pass peer review get published and rewarded.
- Step 3) Claim Rewards: Claim CBN, LUN, and HNR tokens from smart contracts. Users can use LUN to advertise, and use HNR for achievement rewards.
The long-term goal of Lunyr is to develop a knowledge base API that developers can use to create next generation decentralized applications in artificial intelligence, virtual reality, augmented reality, and more. To begin, Lunyr will build itself as a starting point of the internet for finding reliable, accurate information. Although the Lunyr website never mentions Wikipedia, the company’s concept seems to be similar to a decentralized version of Wikipedia.
From a technical standpoint, Lunyr will use IPFS to store data on the platform. Lunyr will not own the content, and all Lunyr content can be freely redistributed, reused, and built upon by anyone.
How does Lunyr plan to prevent malicious or inaccurate data from being added to the platform? All Lunyr submissions go through a mandatory peer review process. If they’re not approved by the crowd, they’re not added to the platform. Lunyr claims this means any spam, fake, or malicious content will be rejected. Any users who submit contributions will be required to peer review other content.
Lunyr advertises all of the following features:
Create or edit articles; contribute to a decentralized base of knowledge. Lunyr never owns the content. It’s free for anyone to use, and it’s stored using IPFS – which means the knowledge is located around the world and is never kept in a centralized location.
Like other decentralized platforms, Lunyr will be censorship resistant. Centralized authorities do not control the platform, and they can’t suppress information by removing it from the platform.
There’s no central administration at the heart of Lunyr. Instead, the community resolves any disputes and quality issues. It’s a decentralized, autonomous organization (DAO).
Unlike Wikipedia and other platforms, Lunyr rewards users for their contributions. For every bit of information and knowledge submitted by users that passes the peer review process, Lunyr will provide tokens.
Incentivized Peer Review:
Earn rewards for peer-reviewing the platform and helping Lunyr grow.
Lunyr is built on the Ethereum blockchain, so it’s always available with no downtime.
Who’s Behind Lunyr?
Lunyr is led by Arnold Pham (CEO), Andrew Tran (COO), and Christopher Smith (CTO).
The name of the company, by the way, is pronounced like “Lunar”. Lunyr is based in Santa Clara, California. The company was founded in 2016.
Lunyr tokens, or LUN, are used to place advertisements on the platform. They function as part of the incentive system to drive contribution and peer review. LUN tokens use the ERC20 token standard.
Lunyr is a knowledge sharing platform built on the Ethereum blockchain. The platform aims to change the way we share information. Information posted onto the Lunyr platform needs to pass a strict peer review process. Users are incentivized with tokens to conduct peer reviews, and users are rewarded with tokens when they post peer-reviewed content to the platform.
Ultimately, Lunyr seems to be a type of decentralized, authoritative, immutable version of Wikipedia. It’s an interesting concept – although it still seems to be in the early stages of development. You can learn more about Lunyr today at Lunyr.com.