Revolver reward platform explained, we decided to create a blog


Revolver Coin BLOG htt*://revolvercoin.org/blog/reward-explained


People following the development of the RevolverCoin hear the term “Reward platform” very often. As our first alpha release that utilizes custom-made blockchain emulator approaches to its completion, we want to start a series of short blog posts to spread awareness and educate people on what we are actually building and who will benefit from this. The first piece is a high level overview of a platform, its potential use cases and user types.

A very important thing to understand is that Revolver reward platform is NOT the same thing as RevolverCoin blockchain and its yet-to-be-released built-in capability of the decentralized reward distribution. Platform is what smart contract platform users (such as Ethereum) would call a dApp - one of many potential applications on top of the RevolverCoin blockchain. Another important thing to understand is that a RevolverCoin is a public permissionless ledger and thus can be viewed as a gateway (or API in technical terms) to a shared pool of rewards where everyone can propose their own rule of distributing portion of this reward. To demonstrate, test and develop a decentralized reward distribution powered by RevolverCoin blockchain we are developing a twitter-like app - the Revolver reward platform . In many ways it is similar to a hypothetical ArtBook app from our original medium article htt**://medium.com/@BarneyHill/decentralized-reward-platform-cae975b6a2d . The App serves the following purposes:

-Allows users to create and discover content
-Allows to support and follow other users
-Allows content creators to accumulate rewards from supporters
-Acts as a web wallet for XRE

There are following types of users in the app:

-Supporter - a person who uses the app to browse content and shapes their timeline according to their area of interests by supporting\following other users. Just like many of us do on twitter
-Content creator - a person who creates posts that other people can see
-Generator - think of it as of a miner

Let’s talk about support\follow concept more closely, as it is a central part of the approach we are proposing. This action is a blend of a classic “follow” as we know it ,on services like twitter, and donation to a blogger, favorite music band, author or any other person or group of persons whose work you admire and want them to continue doing it. The other similar thing is becoming a patron on Patreon. One of the major differences between existing services like Patreon and Revolver is that by supporting a content creator that you like you don’t actually need to spend money. This encourages usage and should create a positive feedback loop between users and content creators. More supporters -> More content creators -> More content -> More users

So the general idea is quite simple: content creators post content, other users “vote” for the best content creators by committing “support” action and thus providing a reward and motivation to the former. It’s also worth noting that any user can be both a “content creator” and a“supporter”. The “support” action is long lasting, meaning that once you start supporting someone they will receive some reward effectively each block, until you decide to recall support for some reason. This way valuable content creators will receive a continuous stream of rewards, unlike regular “salaries” or donations that come at the discrete time. This concept of “streaming money” was very well discussed by Andreas M. Antonopoulos (w*w.youtube.com/watch?v=l235ydAx5oQ) and in our opinion as well has great benefits to it.

In the next article we will present a more detailed overview of how these actions are being performed in the actual app.

NEWS by Barney

Hi everybody!

I am pleased to note that today is the second anniversary of RevolverCoin and it means that for two years the network operates successfully thanks to the community and some effort from the team. Despite the current bearish market conditions and slower, than many would like development pace, we move forward and believe in the project even more than on the launch day two years ago.

So what can you expect from the team in the nearest future? We say: The Platform.
Right after we finished work on the simulation project, research paper, a mobile wallet and a brand new logo design we started the research and design of the platform, described in the initial concept. At this moment we have bootstrapped the platform project development and soon the sources will be published on Github, in order for you to take an active part by reviewing, testing and suggesting things. At that point we actually will be ready to expand as an open-source decentralized community project and the platform prototype is going to be the showcase for the support concept.

Stay tuned!


Do you need more and faster more information about the project then come to the official Discrod channel
discord.gg/Gn5CeXb

Hello everyone.
As many of you know Revolver team members were quite busy last couple of months working on the research paper. So what is this all about? Revolvercoin was created as a platform to reward creative community and their supporters. Implementing this as a decentralized system is quite a tough task to say at least. Some time ago we came up with a network-based reward distribution approach. If you haven't already, please take a look at our previous article here https://medium.com/@BarneyHill/decentralized-reward-platform-cae975b6a2d. In the most recent work we formalize the proposed approach and research how it is supposed to work under various network structures using custom simulation model. This is a crucial step before starting to code the platform itself, especially when talking about such security sensitive and inertial systems as blockchains. So far we are satisfied with the results we got, but still have a lot of work ahead of us. In the coming months we will continue our research and development to create a robust system which people will enjoy to use. Hopefully as a community we will achieve the goals declared at the launch of Revolver network.
Happy reading! Looking forward to the feedback and thougts about the work being done and future prospects of Revolvercoin.

http://revolvercoin.org/resources/RewardDistributionInDecentralizedNetworks.pdf

The Revolver Core Team.


Very NICE JOOB

Wondering what's coming up for $XRE An updated roadmap has been published. https://t.co/OlnM2hM9P9

this is a promising coin