Exorde: EXD holders will take part in managing the protocol and its parameters

in web3 •  3 years ago 

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We live in a golden age of disinformation. “Before the age of the internet, you couldn’t sit in your attic and create conspiracy theories on a massive scale,” writes Luca de Alfaro, a computer scientist at the University of California, Santa Cruz. But with social media, it's all too easy to generate, distribute, and trade viral information.

Most Internet users are unintentionally broadcasting misinformation. Information overload and limited coverage of the entire news segment does not encourage thorough fact checking. Well, the personal preferences of users play a role.
“When it comes to unfiltered information, people are likely to choose the one that matches their own thinking, even if this information is incorrect,” said Fabiana Zollo, a computer scientist at Ca’ Foscari University in Venice. She studies the process of dissemination of information in social networks.
Intentional or not, the transmission of disinformation has serious consequences.

To sort fake news from the truth, programmers are building automated systems that check the veracity of online information. The computer program considers some of the characteristics of the article or the way it penetrates social networks. Computers that read certain signs alert people doing the final check. But automated tools for finding falsified information are "still in their infancy," says bioscientist Giovanni Luca Ciampaglia of Indiana University Bloomington.
But teams around the world are moving forward on this issue. And more and more often new projects appear that are aimed at collecting information and evaluating it according to various criteria. One such project is Exorde, which is built around a core platform that provides unbiased credibility scores for information (and virality-related analytics).
Exorde is run by its DAO (Decentralized Autonomous Organization) and uses community votes and polls. Management will be decentralized among all members of the community. Collectively, they will be able to change the internal rules and parameters of the systems (rewards, limits, delays, scheduling, etc.) and will have a built-in reputation system.

These mechanisms are designed to continually align the interests of the community and its governance for the benefit of Exorde.

Exorde is based on four main parameters:
Ethereum is an open source platform that allows developers to create and deploy decentralized applications on it. A copy of each transaction is distributed throughout the network and each node in the network keeps a copy of this history. This distributed digital ledger can be easily synchronized through a massive decentralized network. This is what makes Ethereum accessible to anyone on the network.

Skale SKALE is an elastic sidechain network connected to the Ethereum chain, acting as an execution layer. It is a scalable and elastic environment that provides high transaction throughput.
Filecoin is one of the few non-financial blockchains. It is a decentralized data storage system that intends to replace the expensive and inefficient servers of Google and Amazon. Blockchain is used to guarantee the security of information. Thus, it is possible to share and store information on different computers around the world.
NLP is an artificial intelligence module that will work with unstructured text. The artificial intelligence module will allow you to recognize objects in the text, extract sentences, facts, compare them with each other and perform similarity checks. Such an approach will make the joint work of participants and AI more efficient, will allow tracking relevant and fresh information received by the network, and form a more objective opinion.

As we said, the Exorde protocol will be managed by participants from all over the world who participate in the ecosystem economically or technically. The Exorde protocol is governed by EXD token holders.
Based on the ERC-20 standard (ERC-20 is the technical standard used for smart contracts on the Ethereum blockchain to implement tokens), the EXD token is the main asset of the Exorde ecosystem. It is a utility token with several functions:

  1. Acts as a medium of exchange within the Exorde ecosystem to purchase data, index and analyze data, or pay for API requests.
  2. Used as a reward for members of Exorde Work Systems. Each system will reward the work done by its members according to their quality, quantity and speed of work done. Reward amounts will be frequently developed and adjusted by Exorde management to encourage the most relevant, up-to-date and consistent work performed by members.
  3. Acts like a voting right: the number of tokens a user owns determines the weight of his right votes during the management survey and voting. In addition, reputation will also play a role in determining the user's voting rights in various voting events.

EXD holders will take part in the management of the protocol, its parameters (reward rates, rules, reputation system parameters, etc.) and its functionality (they decide on updates, new features based on smart contracts, etc.) . The system is economically designed to align the economic interests of EXD owners with those of the platform to ensure its long-term stability, keep its data up-to-date, and ensure maximum ecosystem value creation.
In conclusion, we all still have a lot of work to do in training computers and people to recognize fake news. As the old saying goes, the lie has time to meet the whole world before the truth puts on its shoes. But the systems currently being developed, with their "sharp vision," can at least slow down the spread of fake stories by acting as ankle weights.

@ExordeLabs #crypto #web3 #protocol #exorde $EXD
Exorde project approved by Coinlist (https://blog.coinlist.co/introducing-the-coinlist-seed-winter-2022-batch/). Join to Discord: https://discord.gg/C39qTfqgqN
Reddit: https://reddit.com/r/Exorde
https://exorde.network/

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