Within days of launching on the Rinkeby testnet, Reddit’s Ethereum-based Community Points rewards system has seen more than 10,000 addresses created. Reddit’s points were rolled out across two subreddit communities pertaining to the topics of the popular video game Fortnite (r/fortniteBR) and cryptocurrency (r/cryptocurrency) from May 13 to May 15. Perhaps surprisingly, over 80% of wallets created on the testnet so far represent the Fortnite community. Reddit "Community Points" wallets tag five figures Within three days of completing its rollout, over 10,000 users have signed up to receive Reddit’s Community Points as a reward for their activity on the popular …

The popular social blogging platform Reddit has confirmed that its tokenized rewards will migrate onto the Ethereum blockchain later this year. On May 13, Reddit officially revealed its Community Points system, announcing that the feature would be rolled out over two days across “limited communities.” However, the rewards system will operate on a testnet until autumn 2020 at the earliest. A Reddit post confirmed that points will comprise ERC-20 tokens, however, the system will not be migrated onto the Ethereum mainnet until after beta. While the system will initially manifest on the Rinkeby testnet while in beta, a suite of …

In a bid to create a more user-centric social media platform — “a free frontier” — Reddit has introduced its new community points system built on top of the Ethereum blockchain. In a slide presentation shared Wednesday, May 13th, Reddit announced that Redditors will now be able to earn rewards in the form of ERC-20 tokens based on Ethereum blockchain for creating engaging content on the platform. This confirms claims that many users made in April about Reddit coming up with a blockchain-based reward system. Users will have the freedom to either save their community points or utilize them to …

More details appear to have leaked regarding Reddit’s rumored Ethereum (ETH)-based “Community Points” system. A video posted to the platform purports to show a draft of FAQ copy explaining how the system will work. If authentic, the video appears to confirm that Reddit is preparing to launch a reputational currency on Ethereum. Video claims to confirm Reddit’s ERC-20 based ‘Points’ system Community Points are described as “a new tool that represents ownership of a subreddit.” Users can earn the points by “making contributions to the subreddit, such as posting and commenting” — meaning that users will be rewarded based on …

Reddit could be about to implement a new blockchain-based points system on its app, if a screen recording posted in the Cryptocurrency subreddit today is to be believed. Redditor MagoCrypto posted the video, which is a walkthrough of a new build of the Reddit app that shows a feature with mention of community points. When delving into the FAQs of the wallet feature there appear to be pages on distribution, wallet, backup and recovery, and on the blockchain. Screenshot of the video. Source: Reddit The video, which has not been verified, suggests Reddit may be experimenting with using blockchain or …

On March 7, Horizon Blockchain Games announced it has raised $5 million a fundraising round led by Initialized Capital — the investment firm co-founded by Reddit co-founder Alexis Ohanian. The raise comes ahead of the release for Horizon’s blockchain-based card game SkyWeaver. In the blog post, Horizon Blockchain Games co-founder Peter Kieltyka stated that the funds will be used to deliver SkyWeaver — the company’s first game — to market. The raise included contributions from new investors ConsenSys, Regah Ventures and CMT Digital, in addition to existing partners Polychain, Digital Currency Group and Polychain. Kieltyka added that Horizon currently has …

The development team behind Ethereum 2.0 held an Ask Me Anything (AMA) session on Feb. 5. The team answered some of the most pressing questions on Serenity, in addition to general themes such as Proof of Stake (PoS). There have been two other such sessions, six months and one year ago, respectively. While no groundbreaking changes occurred since the last AMA, the team is making concrete steps toward Ethereum (ETH) scalability. Phase 0 to come in 2020 Answering questions on what has changed in Ethereum 2.0 since the last AMA in June, the team generally agreed that most features remained …

Major United States-based cryptocurrency exchange and wallet service Coinbase is allegedly not letting some users withdraw more than $10 per day. On Feb. 2, a Redditor and self-described Coinbase user reported that Coinbase had put a $10 daily withdrawal limit for some users. The Reddit user, with handle Unholy_Crab1, claims that his subsequent application for higher withdrawal limits was denied by Coinbase. The Redditor has also shared a purported screenshot which shows that the maximum amount of daily withdrawal from Coinbase in Bitcoin (BTC) was $10 for his account. Source: Reddit As of press time, the complaint thread has amassed …

Just in time for the holidays, private key management firm Torus announced on Reddit today they will send Ethereum (ETH) to any Reddit username or google email account. According to a post on the r/ethereum community reddit thread, a TorusLabs member said: “We hope to be an alternative for Web2.0 mainstream audiences.” Bringing Users onto Decentralized Systems Via Email Torus, which raised $2 million this July in a funding round spearheaded by Multicoin Capital, Binance Labs, Coinbase Ventures and other notable firms, aims to create an easier way for bringing users onto decentralized systems. Notably, Coinbase CEO Brian Armstrong was …

A Redditor has introduced a new Bitcoin (BTC) video game as a holiday gift to the crypto community. Shared on Dec. 24 on Reddit, the new “Satoshi vs. the Shills” Bitcoin game is a survival shooter game featuring Bitcoin’s anonymous creator Satoshi Nakamoto as the main character. The arcade game is available on the Google Play store for Android. Big Hands, the developer of the game, has not yet specified to Cointelegraph whether its team is planning to roll out the game on iOS or other platforms as of press time. This article will be updated if new comments come …

The Bitcoin (BTC) subreddit has seen a remarkable increase in its number of subscribers since the cryptocurrency’s price spike last summer. Cypherpunk and proclaimed Bitcoin maximalist Jameson Lopp posted a tweet on Dec. 23, saying “the rate of new subscribers to the /r/bitcoin subreddit accelerated after the exchange rate jumped this summer. It grew in size by 222,000 users - 22% growth in 2019.” At the beginning of 2019, the subreddit broke a milestone of 1 million subscribers, which means that it has added more than 200,000 new members over the past year. /r/bitcoin subreddit subscribers number chart. Source: Twitter …

One month on, a Redditor who “lost” 4 Bitcoin (BTC) on the Lightning Network has published advice based on his experience. In a thread posted to the r/Bitcoin community on Dec. 1, Redditor ZipoTm revealed that the Lightning community had given him “huge support” by helping him to save his coins, with most of them now recovered. Don’t Panic, WAIT As reported, the Lightning Network is a second-layer solution to Bitcoin’s scalability limitations, which works by opening payment channels between users that keep the majority of transactions off-chain, turning to the underlying blockchain only to record the net results. In …