A decentralized privacy-focused search engine has launched on the public mainnet.
What happened ?a community-driven blockchain, hopes to compete Alphabet Inc.it is GOOGL GOOG Google with its new search engine.
“In a world where a single company controls 92% of the search engine market and the flow of information for billions of people, there is a clear need for a decentralized Web3 alternative,” said the founder of Presearch. Colin Popein a press release shared with Benzinga.
See also: WHAT ARE DECENTRALIZED APPLICATIONS?
The platform has 3.8 million registered users and 150 million monthly searches. The search engine runs on 65,000 nodes spread across the computers of its community members.
Essentially, these nodes are the providers of the decentralized computing resources needed to power the network. They privately anonymize queries and return incoming search results.
Node operators will be rewarded with the native cryptocurrency token of the PRE blockchain for each successfully processed request, similar to Bitcoin BTC/USD miners earn block rewards when processing financial transactions.
Today’s move from the testnet to the mainnet is particularly significant as the blockchain will be able to handle over 5 million daily private searches, with the ability to scale to hundreds of millions.
“With Google and other search engines, search algorithms are hidden away and controlled by a few powerful people. Decentralization flips the script, allowing the information we have access to to be open and community-driven,” said Pope at Benzinga.
“Our mainnet launch establishes a way for blockchain protocols to continue to serve a larger purpose for users around the world.”
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