VERASITY: VIDEO STREAMING ON THE BLOCKCHAIN

tivere (44)in #crypto • 5 years ago

PREFACE

Globally, inestimable organizations are tapping into the new trend of innovation (blockchain technology) to enjoy its decentralization, which permits users to interconnect without necessitating any third party, all executed and failed transactions contains timestamp, transaction data, amount, date, etc. is visible to everyone, it is secure to any alteration of data by any both members involved in the transaction, it is an open distributed ledger that records transactions among two parties proficiently in a certifiable and permanent means. This technology supports a peer-to-peer decentralized consensus network that is stick to a protocol for inter-node communication and verification of new blocks. It is extremely secure by design and demonstrates a distributed computing system with high Scheming fault leniency.

A large amount of data is produced daily (from companies, institutions, industries or organizations) who either upload personal or public files. Conventionally, people exchange only share their data on centralized networks because that was the only option available to them, with the advent of the blockchain technology decentralization is the order of the day. Users are stuck with the likes of YouTube and Netflix, what if I tell you there is a better option than what you’re traditionally used to? How awesome will you feel when you earn digital assets? What if there is a possibility of you enjoying an incentive for every data you share? Shortly, I’m going to introduce you all to a new invention created to disrupt what you’re used to for a better opportunity. The first community-driven video platform

WHY VERASITY

#verasity was designed in such a way that it has numerous fun-packed activities for their users, they can choose to read unique articles, listening to latest music, watch top videos but the most intriguing aspect of these all is that users can also earn some bucks while getting comfy. Verasity technology is currently integrated with the following video players on publishers’ sites: YouTube, Twitch, Vimeo, JWPlayer, Brightcove, Kaltura, VideoJS, Flowplayer, and Ooyala which represents over 95% of all the video players utilized. Unlike conventional platforms, verasity envisions to take the industry by a storm allowing viewers, creators, and pacesetters to enjoy the benefits of the blockchain technology. There are numerous challenges faced by the digital media platform which includes: issues faced by producers when copyright laws aren't upheld, data sold without the consent of their owners, producers not getting enough pay to cover the cost of their productions, amongst other complexities.

BENEFITS OF CHOOSING VERASITY

❖ Users will receive incentives when the share their data.
❖ Easily navigable.
❖ High-tech infrastructure.
❖ More equity to an independent artist.
❖ Rewards for intellectual property owners.
❖ Decentralized, transparent & secure platform.
❖ Enhanced data protection.
❖ Peer to peer transactions.
❖ Unlimited video and audio streaming.
❖ Quick global transaction executions.

VERASITY TOKEN

#verasity token is the native token of its platform, It was created to be used as the customary mode payment for all transactions carried out on the platform to ensure bonuses and discounted service charges users will have to hold and make use of the #vra tokens. To preserve the token value and token demand the team has a tactical protocol set in place. No other token will ever be minted, mined or created. Currently verasity tokens are available on two blockchains which are ethereum (erc-20) and binance (bep-2), the erc-20 compliant token is VRA while the bep-2 compliant token is VRAB, both are already listed and actively trading in various exchanges with adequate liquidity, did i forget to mention that it is already listed on coin market capitalization? Yes, it is, what this means is that users can easily track prices, charts, liquidity, volatility in just a click. SEE HOW TO GET VRA AND VRAB HERE

HOW TO EARN VRA?

❖ For users: unlike conventional platforms where users waste their megabytes on adverts pop and redirection to other sites, #verasity will incentivize their users with vra tokens when they watch videos on the platform and also receive more incentives when they refer their friends through the affiliate program.
❖ For authors: after purchasing verasity tokens from any exchange of their choice, authors can be able to incentivize users who view their content/videos. In turn, they will receive their payment from adverts, traffic, and subscriptions on their pages.
❖ For holders: holders will receive daily dividends if they stake their tokens, the more tokens staked equals more dividend received.

VERASITY PLATFORM FEATURES.

❖ Upload video: the platform is a peer-2-peer functionality. This facilitates uploads of digital media thereby making it more secure based on the blockchain technology.
❖ Secured user data: user data is highly secured because it is distributed on diverse nodes making it difficult to be tampered with.
❖ User-friendly infrastructure: the platform is power-driven by Ethereum Smart contract making it easy for funds and deals to be controlled. User dashboard is designed comprehensively for a better experience with a section to chat and socialize.
❖ Improved accessibility: with the platform's content discovery and suggestion algorithm, users will be able to get the best of content.
❖ Equitable power and monetary distribution: they will make sure that all stakeholders get equal shares in profits.
❖ Decentralized content moderation: Moderators will be voted for among the platform users who will be to oversee the suitability, plagiarism and legal aspect of contents on the platform.
❖ Copyright management: They have a comprehensive copyright query and counter-query system that involves every party should there is a dispute between two parties. Earning tokens for watching videos for FREE