ABOUT BUZZSHOW
Video has become the mainstay of entertainment. Popuernya video platforms such as YouTube and Vimeo have increased the demand for video exponentially in the developed world and more and more around the world. Because this multibillion-dollar industry is managed by a large nonprofit company, it is not surprising that they gain an increased profit thanks to valuable content created by a poorly paid or even unpaid creative mind.
For other users, like viewers and curators, it's even worse. Social activities, reviews, recommendations for great content or precious political content are not compensated or even censored. Some companies like Facebook and Twitter have absolutely no profit-sharing formula, despite generating billions of dollars of advertising revenue. On the other hand, the price gap with paid online video services does not need to be folded, since paying for content without advertising is only possible on subscription-based or pay-per-view media.
What is a BuzzShow?
Buzzshow is one of the first social networking video sites to adopt blockchain technology to provide a platform that places the interest of creators, curators and viewers first. Blockchain uses Goldies as a crypto that provides incentives for creating, sharing and viewing videos on BuzzShow. Platform members not only earn as creators of content, but also earn when they share videos and when they view videos. This is the first fully developed social video network that lets everyone get involved in contributing and making money on the platform.
Buzzshow offers a fresh decentralized approach to the online video market that will restore power to the hands of creators, curators, and consumers on the market base. Based on a decentralized book system, in order for the content, curator and consumer community to decide among themselves what value is appropriate for their respective services, without a central party standing up to take most of the profits. This means the opportunity for all users to receive economic rewards every time they sign up, view, upload, recommend or share videos.
This platform intends for us IPFS (InterPlanetary File Sharing) in future releases to ensure its content is completely decentralized. This allows files to be stored without relying on a centralized database as most video sites rely on. As a result, it is not susceptible to DOS attacks or ransomware attacks because the video will be held in many systems. The benefits are faster, more open and more secure than centralized, centralized video encoding methods. This technology is useful for BuzzShow as it allows the platform to be completely decentralized while saving bandwidth costs.
Buzzshow feature
Users on the platform will earn money while uploading their first video on the platform. This is a very simple way to earn Goldies even before the demand on the site develops. They can also get every referral confirmed on this site. As soon as users sign up based on their referrals, they also earn some Goldies.
Another feature is the ability to create channels and upload videos for free. There are no paid options that offer content creators greater capital opportunities. Everyone starts at the same price, and it's absolutely free for everyone. This makes the company reluctant to pay special treatment on stage.
They will support their favorite creators by sending Goldies. Goldies will not be subject to any outrageous transaction costs such as Patreon and other donation platforms, but rather near zero micro-transaction costs. This will ensure that creators get the support they need.
How BuzzShow works in Blockchain
The platform will use InterPlanetary File Sharing (IPFS) to ensure content is completely decentralized. IPFS is a content-addressable hypermedia peer-to-peer distribution protocol designed to create a method of sharing and storing decentralized and permanent files. This allows files to be stored without relying on centralized databases as relied upon by most video sites.
As a result, it is not susceptible to DOS attacks or ransom attacks because the video will be held on multiple devices. The benefits are faster, more open and more secure than the video streaming methods that depend on the database. This technology is useful for BuzzShow as it allows the platform to be completely decentralized while saving bandwidth costs.
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