Endorsit has published three recent progress reports covering the development of its decentralized content ecosystem. Combined, the reports cover the work done up until the 21st of January; the previous announcements can be read here and here.
Endorsit is creating a “futuristic content distribution ecosystem” that will reward users for creating high-quality articles on a number of popular subjects and niches. An article’s quality is determined by the number of votes it receives from other writers, which also increases the content’s exposure in the ecosystem. Participants are rewarded in the platform’s EDS token for writing and voting on articles.
Development continued for the Android version of Endorsit’s dApp, updating it to v1.0.25. The newest version includes numerous upgrades and optimizations.
One significant change was made to Endorsit’s internal calculation method for determining a user’s voting weight for rating content. The balance ratio for each individual user was optimized, along with the balance of the system overall.
A new feature for exploring content in the application was also included. The feature, named “random view,” allows users to browse for articles in the same category in the voting area.
A final major change was made to Endorsit’s revenue settlement algorithm that disburses EDS tokens to ecosystem participants.
Moving forward, the team made the following recommendations for future versions:
- The algorithm of the dApp’s search feature will be changed along with the presentation of its message board.
- The application’s “browse area” will be renamed to “recommendation area” to coincide with a part of how content is discovered on the platform.
- The best articles will be moved from the voting area to the recommendation area based on user consensus.
Besides development, Endorsit entered its fourth phase of private testing by members of its “zanwozlh” ecological community. Authors with “D” and “S” ranks were invited to participate, along with Endorsit’s community operation officers and public account users (onlookers).
The testing phase reportedly allows Endorsit to receive feedback on the progress of its dApp and how to best plan for future iterations. Onlookers are approved public users that rotate out each week to match the platform’s version changes.
Endorsit’s domestic operating company, named Ningbo Fengkou Network Technology co LTD, held its annual meeting on January 24th. The theme of the event was “feast of the fengkou and knowledge storm” and reportedly gathered special guests to speak at the event along with its core operating officers. The event was also broadcasted live for its ecological community.
Finally, the team reminded its community about the NEO dApp Global Blockchain Application Challenge that was first announced in December of 2018.
Registrations for the event are currently open, with a deadline of March 9th, 2019. There will be 16 development awards on hand for the best entries, totalling RMB 300,000.
More details can be read below:
About The Author: Matthew North
Matthew North is a freelance writer and journalist who resides in East Asia. He spends his time writing and learning about financial technologies like the Blockchain and digital currencies. You can follow him on twitter @fintech_matthew.
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