Decentralized information processing is a key goal of RSS3

RSS3 deployment could take up to 6-8 months, according to the project’s developers.

The first information distribution technology to find widespread popularity on the internet, Really Simple Syndication (RSS), is prepared to take on Web3 with RSS3, a decentralised information processing platform.

RSS3 outlined out intentions for moving its popular internet feed update to Web3 in a technical whitepaper released on Monday. RSS3 would provide each entity with an RSS3 file that would serve as source data and would be updated on a regular basis. The source data file can then be utilised to create social media, content networks, games, and other data-driven applications by aggregating all of the cyber activity. The source data would be in charge of deciding which information should be made public and which should be kept private.

RSS is a file that contains a summary of a website’s most recent updates, usually in the form of a list of articles with hyperlinks. These feed files were intended to be decentralised and played an important role in information exchange via the internet. The monopoly of centralised web hosting service providers, on the other hand, has resulted in the development of the decentralised RSS3.

According to the official paper, creating a decentralised information processing protocol from the ground up is a difficult effort that could take another six to eight months for RSS3 nodes to be built. The creators are also working on a DAO system, but believe that full decentralisation will take some time.

To roll out the protocol across several decentralised networks, the development team has teamed with Ethereum, Arweave, Polygon, BSC, Arbitrum, Avalanche, Flow, and xDAI.

To date, the team behind the decentralised system has closed two funding rounds, with Coinbase Ventures, Dapper Labs, Dragonfly Capital, Fabric Ventures, and others participating.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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