RSS3, a feed-in Web3.0 that claims to be a more powerful open protocol taken from RSS [Really Simple Syndication)] has released its white paper on 7th February 2022. Through the post, RSS3 laid out plans on building a decentralized network aimed primarily at information processing and thereby taking its popular internet feed update to the next level i.e, Web3.
That is however far from easy. “To realize a system like that, especially with decentralized architecture, is extremely challenging. This is because blockchains carry theoretical limits no matter how one optimizes the consensus algorithm,” the post read.
RSS3 as per the blog would offer every individual an RSS3 file that would be source data of a profile with a constantly-updating feed. That user-defined feed can be used as an aggregation of all the cyber activities by different applications to create social media, content networks, games, or other e-commerce platforms.
RSS3 enabling free-flow of information
Really Simple Syndication or RSS claimed to be the first information distribution protocol that got massive adoption at a time when ‘datasets were decentralized and permissionless.’ According to the blog post, when centralized data monopolies came into the scene, they provided users with low entry barriers
In addition to that these corporate giants then ‘accumulate money and power by controlling the flow of information by acting as broadcasting centers.’ And that is the reason behind building the RSS3 project. Further, the blog stated,
“In order to revolutionize the status quo, a new protocol that makes every cyber persona its own information distribution center is needed.”
The technical paper also noted that building a decentralized information processing protocol from scratch was no easy task and that it might take another six to eight months for creating the RSS3 nodes. As for now, the developers are working on building a DAO to govern all matters related to RSS3 and its network.
Apart from Ethereum, the platform has collaborated and supported Arweave, Polygon, BSC, Arbitrum, Avalanche, Flow, and xDAI.
The team behind the decentralized protocol has closed two funding rounds led by major investment firms like Coinbase Ventures, Dapper Labs, Dragonfly Capital, Fabric Ventures, Youbi, etc.