The Cyber.Fund team has announced creation of a Russian-language within decentralized social network Steemit. The Golos (“Voice”) project will undergo an ICO.
Steemit earlier claimed to have an unprecedented traffic level comparable to that of early Facebook and Reddit, however, the Russian-speaking community seemed to fail to see any advantages in that.
Cyber.Fund’s statement notes that they decided to shift their focus from launching a separate blockchain to the launch of a Russian-language blockchain based on Steem technology.
“Currently the Russian speaking community owns not more than 3% of a Steem network (tokens), despite the fact that Russian is one of the tenth most spoken languages in the world. As a result, an algorithm of quadratic voting leaves no more than 1/900 portion for the payouts to the Russian speaking community. So from the author’s perspective Steem is