It's official - the Decentralized Internet Writing Contest is a great success! So far, we have received 260 stories and given prizes to 11 winners. As always, we got some superb decentralized internet stories in August. So here we are with more prizes for our writers.
Keep Those Amazing Stories Coming, Comrades!
For newbies who want a little context - HackerNoon has built a partnership with Free Ton giving away monthly prizes worth 3,500 TON to the best HackerNoon decentralized internet stories!
Here's how you can participate:
So, who are the winners for the month of August? 👀 Let's find out.
First, we picked all the stories tagged with #Decentralized-Internet on HackerNoon, published in August 2021. As always, we chose the top 15 stories using an algorithm that gives 60:30:10 weightage respectively to:
Here is the list of our top 15 contenders:
Voting. Yes, voting. To keep the selection process transparent and to make sure our algorithm is not abused or misused in any way, we have kept the human factor in the selection process. Our editors then voted for their favorite stories from the above list.
How To Stake ETH 2.0 Without Running a Node and 32 ETH was the top choice of both algorithm and humans!
Staking in Ethereum 2.0 is blocking ETH in a smart contract to participate in the network as a validator and receive a reward for confirming blocks. Staking became possible after the launch of a new version of the network on the Proof-of-Stake (PoS) consensus algorithm. This consensus algorithm is similar to well-known mining, but instead of using computational resources validators block coins in the wallet to run a special node.
In second place, we have Why YouTube’s biggest competition will come from decentralized video platforms.
Decentralized video platforms can put in place governance structures to deal with illegal content swiftly. But decentralized platforms will always seek to prioritize user choice, and not restrict content based on social or political beliefs. For a functioning democracy and progressing society, people must be free to exchange and debate ideas, even unpopular ones. All kinds of mainstream ideas, like evolution, heliocentrism, the treatment of ulcers, even democracy itself, were once fringe. Where would we be today if all once-uncommon ideas were immediately silenced?
There are countless examples that central authorities have been overstepping their boundaries to favor themselves when using AI whether it’s using data without user consent or promoting a neutral platform with intentionally biased AI decisions. Imagine if these AI services could prove to you how and when your data is being used - a mechanism that a third party could verify these AI services. Every transaction and decision made by these AI services are transparent for audit and can not be altered.
All hail to decentralization💥. See ya next month!
Note: Free TON has now rebranded as Everscale.