What is it about?
By removing the need for advertising, and giving video content publishers an outlet free from censorship BitTube hopes to revolutionize how people consume media on the go. BitTube wants to make video creation and streaming easier by removing the hassle of accepting payment processors. All content producers will receive payments simply for uploading videos, while viewers can also get compensated through TUBE coins that are used on their platform!
The BitTube platform is built on a foundation of decentralization, which makes it one step ahead in the YouTube stakes. One key to their success lies with IPFS and how video files are stored locally instead of being uploaded onto servers for all users around the world to access at once – this way you don’t need any bandwidth or storage space!
IPFS?
HTML, the HyperText Markup Language used to create web pages and content on internet browsers like Chrome or Firefox has been around since HTML first came out. It’s what makes up most of your daily browsing experience- from social media posts all way down Maria Butts’ article about how great today was at work! However, there are some major drawbacks with this system that make it difficult for users who want control over their own data (you know who you are). That is why developers have started passing onto us new protocols such as IPFS which will allow them to store information locally instead; meaning no more sending batches weekly across networks where hackers
The IPFS protocol is a peer-to-peer hypermedia system that works to decentralize the web. It removes user data from centralized storage companies and returns control back into users’ hands, as well as allowing content creators access again through their own devices rather than having it streamed out by third parties like Netflix or Amazon Prime Video.
When data is stored on IPFS, there are no centralized servers that can store or modify it. Instead, the information lives in a decentralized global network with safety guaranteed through encryption and efficiency maximized by algorithms that reduce transfer speeds while avoiding duplicate copies of the same pieces of content distributed throughout this system.
Application
What makes BitTube so great is that it’s completely browser-based, meaning there’s no need to download and install any special software. It also allows you to identify videos with hashes—meaning they can be viewed on the network without having them stored locally too. Live video is also possible, but the creators of this live streaming need to install BitTube Sender app that allows them to share their screen.
Creators and Viewers getting paid
The video streaming platform BitTube is an innovative way for content creators and viewers alike to be compensated. As someone watches videos on the site, they are mining TUBE while doing so- which means coins from those viewing sessions get divided up between three different parties:
- The person who made your favorite pop song or movie clip;
- Users listening/watching without any additional charges added onto their bill at home ;
- Project development funds used by this company specifically (and not third party advertisers)
Technically?
The BitTube platform was created using the C++ programming language, and it originally relied on a Monero codebase for its foundation. The team behind TUBE originally developed it using the CryptoNight proof-of-work consensus algorithm, which made their crypto completely resistant to ASICs. BitTube took a fork in July 2018 to avoid being became dominated by ASIC miners. They switched from the CryptoNight mining algorithm, which allows home computers with GPU’s for crypto-coin transactions and now remains completely CPU only due to the new CN Saber Algorithm.
The CryptoNight algorithm ensures true privacy through cryptography and egalitarianism. This makes it perfect for those who want total anonymity when making transactions, as well as an easy-to-read guide on how mining works so you can take advantage of this technology too.
A lot has been happening in the crypto world these days with many coins adopting ASIC rigs taking over more algorithms such as Bitcoin Gold which means alternatives like TUBE if the goal isn’t just investing but also staying anonymous while purchasing or selling goods online are good for ASIC resistance.
