Really Simple Syndication (RSS), the first information delivery protocol widely adopted on the Internet, is all set to take over the Web with a decentralized information processing protocol called RSS3.
In a technology whitepaper released on Monday, RSS3 laid out plans to move its popular Internet feed update to Web3. RSS3 will offer each entity an RSS3 file that will serve as the source data and will be updated continuously. The source data file can then be used as an aggregation of all cyber activities, which can be used to build social media, content networks, games and other data-driven applications. Source data will have control over what information is transmitted and what is kept private.
An RSS is a feed file that contains a summary of website updates, usually in a list of hyperlinked articles. These feed files were to be decentralized and played an important role in the exchange of information over the Internet. However, the monopoly of centralized web hosting service providers has led to the creation of decentralized RSS3.
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The official paper states that the creation of a decentralized information processing protocol from the beginning was a fairly complex task and that the creation of RSS3 nodes could take six to eight months. The developers are also in the process of building a DAO system, but believe that a true decentralization will take time.
The development team has partnered with Ethereum, Arweave, Polygon, BSC, Arbitrum, Avalanche, Flow, and xDAI to roll out the protocol to various decentralized networks.
The team behind the decentralized protocol has so far closed two funding rounds, which have seen participation from Coinbase Ventures, Dapper Labs, Dragonfly Capital, Fabric Ventures and many others.
