The developers behind the project noted that the deployment of RSS3 could take up to 6-8 months.
Simple Syndication (RSS), the first information distribution protocol that saw massive adoption across the internet, is set to take on Web3 with a decentralized information processing protocol called RSS3.
In a technical whitepaper released on Monday, RSS3 plans to take its popular internet feed update to Web3. RSS3 would offer every entity an RSS3 file that will continuously update and act as source data. The source data would control which information to broadcast and which to keep private.
The source data file then can be used as an aggregation of all the cyber activities, which can then be used to build out social media, content networks, games, and other data-driven applications.
RSS is a feed file containing a summary of a website's updates, usually in a list of articles with hyperlinks. These feed files were meant to be decentralized and played a crucial role in exchanging information across the internet. However, the monopoly of centralized web hosting services providers has led to the decentralized RSS3.
The official paper noted that building a decentralized information processing protocol from scratch was quite a complex task and might take another six to eight months for building RSS3 nodes. The developers are building a DAO system but believe a true decentralization would take time.
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The development team has partnered with Ethereum, Arweave, Polygon, BSC, Arbitrum, Avalanche, Flow, and xDAI to roll out the protocol across various decentralized networks.
The team behind the decentralized protocol has closed two funding rounds until now that saw participation from the likes of Coinbase Ventures, Dapper Labs, Dragonfly Capital, Fabric Ventures, and several others.
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