Just read FOAM Is Live: Decentralized World Map Launches on Ethereum

FOAM Is Live: Decentralized World Map Launches on Ethereum

FOAM, which aims to build a reliable, resilient world map using smart contract technology, announced that the decentralized application (dapp) has launched on the ethereum blockchain and is already "seeing the first users populate the map." FOAM's solution is to spread the work of cartography among a diffuse network of individual users, who register locations on the FOAM map using a cryptographic technique called proof of location. And according to FOAM, over 500 "points of interest" were added by users in the first 24 hours following the launch. Screenshot of map.foam.space showing proposed points of interestOf note, FOAM token buyers are required to put the tokens to use by placing at least 10 points of interest on the map. The aim of these restrictions, it seems, is to prevent FOAM tokens from being objects of pure speculation, rather than contributing to the project of cartography by cryptography.

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Wednesday, September 19, 2018