Join the BitcoinNews Telegram channel for daily updates >>LINK

Reddit Experimenting With Blockchain-Based Points System

Support free writers: > send a tip

written by

  • Reddit users will receive points equivalent to tokens held on the Ethereum blockchain

Reddit is experimenting with a new blockchain-based system called Community Points. Essentially, users will receive points for participating in Reddit communities, and these points are equivalent to crypto tokens on the Ethereum blockchain, giving users full control of the points and the ability to buy and sell them.

Apparently, the more points a Reddit user obtains the more weight they will have when voting in polls, in addition to giving users privileges such as the ability to post specialized emojis and GIFs.

This new blockchain-based system is a step up from the current system that Reddit has, which is called Reddit Gold. Basically, Reddit users receive Reddit Gold for making high quality and popular posts, but they cannot sell it or trade it, only receive it from other members who purchased Reddit Gold. Under the Community Points system, it is possible that an economy will arise where Redditors can earn points and sell them for actual money, increasing the incentive to make quality posts on Reddit.

All of this being said, Community Points appears to be in a limited trial phase now, and it is unknown when it will be adopted across Reddit. is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow on Twitter: @bitcoinnewscom
Telegram Alerts from

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


The Tragedy of Fiat Money

Over the course of the last 18 years, the European Central Bank (ECB) printed new currency, multiplying money supply by more than 5 times, bringing it to 1308 billion. Here we discuss whether or not the central bank’s actions could be considered a robbery.

Read More »


Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter