The revolutionary new blockchain based platform Eristica was recently featured on the front page of Product Hunt gaining the #1 spot on the “Product of the Day” list.
Product Hunt is a curation site of the best “new products, every day”. Users can vote on and review the various products.
“Product Hunt surfaces the best new products, every day. It’s a place for product-loving enthusiasts to share and geek out about the latest mobile apps, websites, hardware projects, and tech creations.”
Eristica’s addition to the site and its quick rise in popularity is yet another indicator that blockchain is going mainstream.
What’s Eristica?
Eristica is a P2P platform for video challenges. It was launched a little more than two years ago and has exploded to over 1.2M users. The idea is simple: get crazy people to pull off insane stunts and record themselves on video which other people will dare them to do.
So if you are bored watching TV every night after work you could:
- Sign up on the Eristica app
- Post a request for someone to eat a bowl of mold and maggots on video (sorry, that was just a recent one :D)
- Sit back and enjoy seeing people submit their crazy videos
OR
- Explore challenges posted by others
- Enjoy life by making new talented friends on Eristica
*Here is a quick example of the stunts and challenges people typically take on Eristica: *
How Does Eristica Work?
Users post videos of themselves completing challenges in order to win cryptocurrency prizes. These challenges can be anything from the “Ice Bucket Challenge” to pulling a prank on your friend.
The challenge is a smart contract. Two users undertake a challenge with cryptocurrency as a stake (prize).When you upload a video of yourself completing a challenge, you automatically win cryptocurrency. If you fail to complete the challenge, your opponent wins the cryptocurrency, with the global community acting as a judge. Think “Candid Camera” meets “Pokemon Go”.
Eristica’s Amazing Growth!
The Eristica project has seen its popularity escalate around the globe since its
inception in 2015. As previously mentioned,it now has over 1.2 million users around the world with most of the users being teens and young adults in Russia and Southeast Asia.
The company which is currently hosting its ICO already has an impressive list of accomplishments.
✔ A FunTech video platform for challenges with 1.2 million user base
✔ Support from the #1 early-stage investor in the world: SOSV
✔ Support from McKinsey, Winter Capital and a group of private pre-ICO investors
✔ Slush Asia 2016 Semifinalists
✔ Agreements for monthly pre-installs on smartphones in Asia
If that wasn’t enough to get you excited about Eristica, they recently announced a plan to migrate to the BitShares platform for better performance. The recent CryptoKittie fiasco which slowed the Ethereum blockchain, highlighted Ethereum’s many scaling issues.
The Eristica team do not believe that Ethereum will remain a good option for their operations in the ecosystem with 1.2 million users and more getting added every day! They believe BitShares is ideally suited for their needs.
“That’s why we started a conversation with the BitShares community. The Graphene protocol perfectly fits in the Eristica ecosystem. We have thoroughly researched the Bitspark case of migrating to BitShares as well as other highly loaded projects.”
For those readers who are unfamiliar with BitShares, BitShares is a decentralized exchange platform using real-time, industrial grade blockchain technology. Built with super-fast Graphene tech, the BitShares blockchain is capable of 100,000 transactions per second! The platform is fast, efficient and designed to propel businesses and users into the future. BitShares is one of the world’s busiest financial blockchains as seen on blocktivity.info.
With the migration to the BitShares platform, its rapidly growing user base and recent feature on Product Hunt, Eristica certainly seems that it is on a path to success. The Eristica ICO is still underway, visit their website if you are interested in purchasing ERT tokens. If you want to learn more about Eristica, be sure to check out their social media using the links below!
Follow Eristica on Steemit: https://steemit.com/@eristica
Follow Eristica on Telegram: https://t.me/EristicaChat