Review on Basic Attention Token by Sergio Daniel Delgado
Basic attention token summary
The Basic Attention Token is one of a kind currency. Well, it was born to try to solve a serious ethical and economic problem that started with the Internet. In other words, respect for the intellectual property of the content generated by authors from all over the world and uploaded to the Internet.
And it is that, the massification of the Internet, brought with it the problem of piracy. Contents such as songs, photos, artwork, movies or series are extremely easy to copy and upload to the network. Allowing anyone to have access to them, and therefore benefit from them without paying anything.
This means that the creators of these contents do not receive remuneration for the work they did. What, although it has not really affected the earnings of artists and creatives. If that has represented a change in the business model of this type of products. And it has been a blow, especially for the companies that are in charge of distributing these creations in a traditional way (CD’s for example).
Thus, new ways have emerged to access creative content and generate profits for its creators. Among them Netflix, Spotify and streaming platforms that for little money, Or by keeping advertising, they give you access to a huge catalog of products.
However, this is not always enough, especially when it comes to content such as artwork, photographs and others that do not have this type of business model. And that's where BAT is born, an ERC-20 token supported on the Ethereum platform, as a way to solve the problem of remuneration to content creators. And an initiative of Brave browser to make your platform more attractive.
Pros
- The Basic Attention Token is probably the best example of what cryptocurrencies will be like in the future. As well as a sample of the enormous possibilities that Blockchain technology offers. Beyond Bitcoin and similar currencies.And, the possibilities of blockchains are endless, and they are not limited to being a replacement for fiat money. Rather, they can participate in every sector of our society. Even, as BAT demonstrates, in the right remuneration for content creators.
Cons
- None so far
