Really Simple Syndication (RSS), the first widely adopted messaging distribution protocol on the Internet, is ready to compete with Web3 and uses a decentralized messaging protocol called RSS3.
In a technical white paper published Monday, RSS3 lays out plans to update its popular internet feed to Web3. RSS3 will provide each entity with an RSS3 file which will act as the feed and be continuously updated. The source data files are then available as an aggregate of all web activity, which can then be used to build social media, content networks, games, and other data-driven applications. Source data can control which information is broadcast and which is kept private.
RSS is a feed file containing a summary of website updates, usually in the form of a hyperlinked list of articles. These feed files are supposed to be decentralized and play a key role in exchanging information on the Internet. However, decentralized
The monopoly of web hosting providers led to the creation of decentralized RSS3.
The official document states that building a decentralized messaging protocol from scratch is a fairly complex task and could take six to eight months to build an RSS3 node. Developers are also building DAO systems, but they believe true decentralization will take time.
The development team has partnered with Ethereum, Arweave, Polygon, BSC, Arbitrum, Avalanche, Flow, and xDAI to launch the protocol on various decentralized networks.
The team behind the decentralized protocol has completed two funding rounds so far, with participation from Coinbase Ventures, Dapper Labs, Dragonfly Capital, Fabric Ventures, and more.