Review on BitTube by francis fernandez
promoting a platform for uncensored videos
Due to the increase in use of social networks; Blockchain technology has entered this market by developing cryptographic platforms that involve users in its trading ecosystem.
BitTube is a video platform that allows developers to share digital content, free of charge, with a wide community of users worldwide.
What does its operation consist of?
Developers upload videos to the BitTube platform and through the use of blockchain technology with the AirTime mechanism, the rewards that network participants will obtain for the visibility of the published content are calculated. To monetize these operations, the native cryptocurrency TUBE is used.
TUBE Features:
• Monetize network payments based on the reward per block
• Guarantees an innovative and efficient payment gateway
• Uses the Cuckoo Cicle Proof of Work consensus protocol for mining; which guarantees the privacy of user operations
What does this network bring to its users?
BitTube users benefit from its technological side and from its rewards program:
- It allows miners and participating users of the network to obtain income in cryptocurrencies by mining them and by viewing videos
• Allows you to make payments quickly, even supports micropayments
• Provides access to your wallet on and offline and is compatible with other wallets on the market
• Offers low fees for operations on its network
• Offers a mobile wallet application
Considering the characteristics and benefits provided by the BitTube ecosystem; We can conclude that it is a useful platform for digital content creators to promote an autonomous and personal economy model; in addition to providing the possibility to those who enjoy publications to be rewarded with cryptocurrencies; which they can then exchange for the currencies of their choice in the market.
Pros
- Digital gateway to share videos globally
- Gives autonomy to digital content creators
- Allows content developers to develop their personal economy
- Aims to remove barriers to access to uncensored digital material
- Create a network for the digital exchange of virtual items in exchange for cryptocurrencies
Cons
- Posted content cannot be reversed later
- User rewards are gradually decreasing
