Spitball is one of the largest and most popular online resources for students, aggregating academic content, goods and services through partnerships with over 25 leading student-oriented sites. The platform has over half a million registered users who have shared over 500,000 documents.
Using blockchain technology, Spitball 2.0 will go even further to establish the first of its kind global decentralized Student Economy which connects and incentivizes higher education students from all over the world. It will allow them to directly exchange knowledge, goods, and services using a native SBL token – all while creating proof of ownership to shared content, making tokenized cross-border transactions cheap, fast, and secure.
Utilising an Ethereum-consortium blockchain, Spitball 2.0 is able to ensure scalability while giving us a path to full decentralisation. It will create a self-sustained global ecosystem based around the SBL token. Students retain control of their academic content and gain benefits from exchanging it against SBL tokens, content or services. Our blockchain-powered records immutably store intellectual property on a globally distributed ledger, ensuring proof of ownership is maintained.
Spitball 2.0 will develop a consortium sidechain network to address a few of the issues the Ethereum network is currently facing. Primarily, inflated transaction costs (transaction fee) and low throughput (low tps - transactions per second rate). Spitball 2.0 network will facilitate transactions at lower costs, in order to encourage activity among money-conscious students and provide greater flexibility in facilitating transactions (throughput), all while maintaining a decentralized approach through the use of consortium partners.
Partners and individuals can own nodes, contributing to the system’s decentralization while being rewarded by it. Spitball 2.0 is built to be decentralized, which will happen over time as more participants join.
Miners will be added at the discretion of the governance protocols.
Spitball’s existing user base, massive content database, proven operational experience and extensive partnerships all contribute to making Spitball one of the world’s largest online academic resources for students. Spitball 2.0 is a natural evolution that delivers compelling benefits for students to create a safe, massively scalable global ecosystem for students. It’s time for students’ work to pay.
Legal Status of Token: Utility
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