I know we steemians have our own video platform known as Dtube but have you ever thought of the competition? There is not alot but Flixxo is one of the decentralized video platforms.
So how does Flixxo host the videos?
Flixxo will use the Bittorrent protocol.
BitTorrent protocol can be used to reduce the server and network impact of distributing large files.
Rather than downloading a file from a single source server, the BitTorrent protocol allows users to join a "swarm" of hosts to upload/download from each other simultaneously.
The protocol is an alternative to the older single source, multiple mirror
sources technique for distributing data, and can work effectively over networks with lower bandwidth.
Using the BitTorrent protocol, several basic computers, such as home
computers, can replace large servers while efficiently distributing files to many
recipients. This lower bandwidth usage also helps prevent large spikes in internet traffic in a given area, keeping internet speeds higher for all users in general, regardless of whether or not they use the BitTorrent protocol.
Compared to Dtube which uses IPFS aka a decentralized hosting provider which is slow and very expensive. Dtube takes a cut of 10% of your rewards just to pay for IPFS. And this is also bad bc money is leaving the ecosystem to pay an outside provider.
The Bittorrent protocol has infinite scaling.
However ordinarly finding hoster aka seeders are hard to find in the Bittorrent protocol. They is no incentive to do it. But here is where Flixx token comes in :)
Flixxo combines BitTorrents and smart contracts to create an decentralized
content distribution network.
Flixxo creates a P2P network(Bittorrent protocol) where authors can distribute and monetize their own content.
They incentivize the distribution of their media and remove unnecessary
intermediate parties by sharing their revenues with the “seeders”( people who have downloaded content, keep it in their computer and share it aka the hosters).
Flixxo is an open network, a friendly and intuitive platform, a BitTorrent client, a token
and a wallet. As the network grows, so does its bandwidth and its storage space, making
it more efficient and able to handle more users. The more content is being shared, the
better bandwidth it will have for being distributed and streamed.
Another cool thing about Flixxo is that Users earn as well not only the creator.
First you have to understand how the video creators get paid.
Say Sam wants to stream a new crypto magical friend episode on Flixxo. In order for Sam to see it, He would need 10 Flixxo tokens to unlock it. The creator Jam pays 50% of 10 token Sam gave to the network. This all done by smart contract so no manually confirmations need to be done.
Sam can now watch Magical Crypto friends on Chromecast with his popcorn.
Jam the creator will have to wait to get paid the 5 flixxo tokens.
The funds are held by the Distribution Smart Contract and will be held for seven days, in order
to ensure there are no licensing conflicts or disputes
But say you don't own tokens. What you going to do? Don't worry Flixxo is not a pay to view platform !
Sponsor content will be a way for you to see.
With sponsored content users have four ways of
getting Flixx: by producing content, by buying it or getting it from friends, by sharing
content or by giving some seconds of their attention to sponsored content
As advertisers pay incentives in Flixx to our users, they will have to reach
content-creators who are the biggest stakeholders of Flixxo ecosystem and buy Flixx
from them, building-up an organic market and a healthy flow of Flixx.
The price of the token will be decided in the USD.
Due to average rate of ads is 10 cent per view and the Flixxo team takes a 10 percent cut. The users will earn 9 cent of Flixxo token. Flixxo token will be worth more with advertising demand and the 7 days wait time will decrease trading supply as well.
Flixxo has a a fixed all-time supply of one billion Flixx with this huge supply and high demand an equilibrium will be meet a perfect mix of price and coin number.
An additional demand of Flixxo can come from the White Label service of the Flixxo network
As Flixxo is a network of users and authors who interact without intermediaries, that
network could serve multiple platforms (in addition to Flixxo). If the whole network (or
part of the network) chooses to help improve other platforms, they have to be rewarded
with Flixx. It is like creating private channels and setting a reward on Flixx for the
distributors, who may or may not be able to watch the content they´re distributing or
just act as peers. A fee of 10% will be applied by Flixxo on behalf of the served network
Flixxo is an app for smartphones and tablets, and also has a desktop and a web version.
It can stream to the most popular cast products, such as Chromecast, and will have an app for smart TV ́s.
At the beginning, Flixxo dev team will give away Flixxo to creators as well as seeders until the network can provide for itself and after the planned 20 years. Flixxo is a long term project!
Flixxo is developed by Popcorn Time creator, RSK co-founder and Riecoin developer.
Flixxo right now is an Erc 20 token but they are most likely planning on going to the rsk platform a bitcoin side chain that can do smart contracts. RSK can reach 200,000 txs per second
You can read the whitepaper here: http://www.flixxo.com/assets/docs/flixxo-white-paper_v0.5.pdf
This is not financial advice and yes I do hold Flixx. Invest at your own risk!