Everipedia has decided to ditch their plans of launching on the Ethereum blockchain in favor of the new EOS blockchain. The new initiative that aims to challenge the online encyclopedia Wikipedia

The Los Angeles, California-based organization has quite recently launched its decentralized version of Wikipedia's encyclopedia where contributors are rewarded with IQ tokens for composing and altering articles on the stage.

Depicted as "a fork of Wikipedia," Everipedia allegedly trusts incentives as tokens will help develop the platform into a superior and more dependable source of information than Wikipedia is today. What's more, the team trusts the decentralized nature of the new platform will make it immune to censorship and free from "bureaucratic-type overseers."

As indicated earlier reporting by The Atlantic, a “covert world of people” exist whose work it is to alter Wikipedia articles for cash. The incentive model introduced by Everipedia aims to settle at least part of this issue by enabling all supporters of be compensated for the work they put down.

The Everipedia team told The Next Web that building the new platform on the Ethereum blockchain ended up becoming “unfeasibly difficult,” principally due to scaling issues. “Not everything works or is ready on the EOS platform, however that is the same for Ethereum,” the team was quoted as saying, while at the same time including that the venture is still especially a work-in-progress.

“Scaling solutions are still being worked on, bandwidth , storage, and RAM, costs fluctuate a lot. Clearly, things should be enhanced and financial matters worked out," the Everipedia group was cited as saying.

Everipedia additionally stood out as truly newsworthy back in December when they reported the hiring of Wikipedia founder Dr. Larry Sanger. In an announcement to the press at the time, Sanger said that he sees the startup as “the next stage of the evolution of encyclopedias,” adding that “it opens up numerous doors once information is actually decentralized and offered in a protocol such as a blockchain.”