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Standing plans to incentivize node operators for decentralized messaging protocol

08/10/2021

Based on the mission, one of many pushes for its improvement was Ethereum co-founder Vitalik Buterin not too long ago encouraging builders to think about non-financial functions for DeFi.

Ethereum-based mission Standing has began an incentivization program for node operators round its decentralized peer-to-peer messaging protocol, Waku.

In an announcement right this moment, Standing stated it might be rolling out the primary section of a program to encourage folks to arrange and run nodes utilized by Waku, a non-public messenger based mostly on the Whisper protocol. The mission stated it deliberate to supply as much as $100 price in its native token SNT to 100 folks collaborating in a three-month program.

The Standing staff forked Whisper to create Waku in 2019. The protocol makes use of neighborhood owned and operated nodes to route messages by the community reasonably than the “conventional” client-server mannequin, with the mission engaged on a peer-to-peer messaging service aimed toward competing with main companies like WhatsApp, Telegram, and Sign.

“Utilizing peer-to-peer networks for private communication is the one dependable approach to escape censorship,” stated former Cointelegraph reporter Andrey Shevchenko, who might be working one of many nodes. “Standing has clearly put loads of effort into this to make it technically viable so I’m curious to see the place it goes.”

Based on the mission, one of many pushes for the event of the protocol was Ethereum co-founder Vitalik Buterin not too long ago encouraging builders to “go additional” in innovating past the standard boundaries of decentralized finance, or DeFi. Buterin stated that non-financial functions for Ethereum, together with decentralized social media, may serve this function.

Associated: Standing, an Ethereum Personal Messenger Goes Waku on Telegram

The Standing rewards program offers a small incentive for members to offer they’ve arrange and maintained one of many nodes. The mission ran a pilot in South Korea — the place it plans to have 25 nodes up and working — but in addition goals for a big presence in Latin America.