How Blockchain and Bitcoin will play a role in the digital content industry
The end of 2017 was the peak of digital currency prices, as its price surge caught the attention of many. Starting in 2018, it proved itself as a promising technology that could play an important role in the future. On a personal level, I did not expect such a suspicious technology to meet this acceptance in a short time. Of the lectures at the university talk about the financial future of the world and how the technology works Betiquin, in addition to the Saudi Monetary Agency partnership with the currency Ripple, and undoubtedly digital currencies will play an important role in many areas, but how this financial system will play a role in restructuring the Internet and content Digital.
First, what is the digital currency?
Numerous digital currencies, for example, the dominant currency in the world of digital currencies Bitcoin, which is similar to the dollar in the current financial system and Bitcoin currency as valuable as any currency such as the riyal, the dollar and others, but have no physical presence, but the digital portfolios can be transferred from portfolio to another.
Where does Bitcoin come from and how it can be mined
The single Bitcoin coin, valued at $ 7,500 this time, is based on a mining process similar to mining for gold or oil exploration, but digital mining is different from real mining. It needs different programs and platforms to solve codes and computational questions. But it is not so easy. Betquin mining is now difficult and requires very high-performance machines, and the cost of mining is close to its current price.At the beginning of the coinage, the mining of the Betquin was easy because the currency maker made 21 million mining currencies available. This number would not increase at all and with the decreasing number of convertible Betquin coins becoming difficult, the smaller the amount of demand for the supply, Solving issues and requiring higher performing machines, 17 million homes have been mined and put into circulation by metals, and 3 million coins remain to be mined. The smaller the mining, the higher the performance of the machines.The issue of mining seems strange, but it is in this article. There is news that has made me think about how this financial system will form the future of the Internet and the content industry. For example, we have heard about the news of the use of the Torrent hacker's site for visitors and processors in exchange for mining for Bitquin.We know the general equation for any content project in the world, whether in YouTube or a news site or other, the equation is to create content that attracts an audience then sell ads to them, and this is because the YouTube platform, for example, take the bulk of advertising profits that For the visitor, we see that the success of the content projects plays with three sides, but what if the game is between two parties, content maker and visitor? The operation will be more like what the pirates did.
The first models applied to this idea
The first dish of this model is the idea of text ipbc to view the video , a platform similar to YouTube allows the maker of digital content on display video content and will use the site for mining viewers processors for digital currencies.
In conclusion, what I hope is a fierce war on this future technology by the Internet giants Google, Facebook and Twitter, and investing in this technology in a way that will benefit them because it may replace them in the future. The world of the Internet is a renewed and changing world that imposes the same smart technologies whatever the cost. In a way that no one expected and would change in a way we would not expect and all we had to do was pay and approach.