The problem
I often find myself thinking "How would we live without the Internet?" Today we can't imagine our life without this magnificent invention. The Internet has become an integral part of our life along with other useful and not devices. The invention of the Internet has opened up many perspectives for our society. Almost all spheres of human activity are connected with the World Wide Web. My generation still remembers how difficult it was without the Internet, especially it concerns of finding useful information.
Today if a person wants to find something out, he refers to the "Mr. Know-it-all". Every day people use different platforms for posting content, social networks. Some people write articles, write blogs, publish videos, others read them, watch, discuss, comment and evaluate. Most people post their content to receive rewards. But there is the problem of fair distribution of these benefits. Basically, all the laurels go to platforms that are intermediaries between users.
Decision
Let me introduce a very promising project Contentos which aims to solve the problem of centralization and fair distribution of reward. The Contentos project has set itself the task of creating a decentralized global content community that will allow users to freely produce and distribute their content, and then sell and receive rewards. Also the project Contentos wants to solve one of the main problem of copyright protection. Thanks to the implementation of blockchain technology the entire content ecosystem will be transparent.
Contentos ecosystem includes systems for content distribution, copyright registration, certification of authors, as well as features such as likes, reposts and comments.
All transactions in the network are performed using smart contracts through the CVM (Contentos Virtual Machine) without the participation of a third party. Content creators can receive payment from advertisers directly. Users can reward content creators by subscribing to their channel and through donations.
In addition, Contentos allows to sell content within the network between the creators. For example, a video creator may post a request for a soundtrack. Payment for work can be both piece-work and by distribution of the income from the general content. Such revenues are also distributed through smart contracts.
Content creators register their copyright and all changes regarding content are registered on the blockchain. Thus, Contentos allows you to quickly access copyright information.
The main difference from traditional content platforms is that Contentos rewards any content creator by distributing traffic decentralized and democratically regardless of its audience.
In addition, Contentos rewards any member who has a positive effect on the network, including professional distributors and community operators.
Also, the system will track the adequacy of user's comments using artificial intelligence. This feature directly affects the rating and user reward.
The creators will receive remuneration from the system according to the quality of the content, and application developers according to the quality of the application, which contributes to the creation of quality content.
Technologically, the Contentos blockchain is implemented as a sidechain of the Ethereum blockchain with IPFS functions (responsible for storing data in a block, for example, for backing up content) and a cross-chain (for distributing content from different blockchains) (Ethereum + IPFS + cross-chain) .
COS Token
The utility token for network calculations is the COS token, which is used as a reward for publishing content, as well as for paying for services on the network. 10 billion COS tokens will be issued, which are ERC-20 Token Standard tokens based on the Ethereum protocol.
Contentos will develop a digital asset wallet which will be used to store COS. The user’s wallet will be automatically created and synchronized between devices with an encrypted cloud backup.
Also, the network assumes mining according to the dPoS (Delegated Proof-of-Stake) + BFT (Byzantine Protocol) algorithm.
Roadmap
Contentos planes to launch version 1.0 of the platform in September 2019. Until the end of 2019, the work is planned on the compatibility of the platform with applications related to streaming, video and photos.
Contentos is currently integrated with three applications:
- Cheez - creating and making money on video content (more than 5 million downloads on Google Play)
- LiveMe - live video broadcasts + earnings (more than 50 million installations on Google Play)
- PhotoGridPhotoGrid - photo editor (over 100 million downloads on Google Play)
Team
The core project team consists of talented specialists in the field of software, Internet security, mobile application development, promotion and marketing. All of them have a great experience in such huge projects as LiveMe, Trend Micro, Goldman Sachs, AllianceBernstein, Cheetah Mobile, HTC, Foxconn.
Partners include Binance Chain, Tomo Chain, Cheez, LiveMe, PhotoGrid, Cheetah Mobile (developer of Clean Master, CM Security and PhotoGrid), Nebulas and Atlas Protocol (blockchain project for advertising).
Among investors a lot of great companies.
Conclusion
Thus, having studied this project, it is possible to say with confidence that the #Contentos project is very relevant and will be in demand. Because it set excellent tasks to solve the problems of fair reward of content creators and users of the ecosystem. And also to solve the problem of copyright protection. We will be watching with great attention the development of this great project.
All important information here
Official website: https://www.contentos.io
Whitepaper: https://www.contentos.io/subject/home/pdfs/white_paper_en.pdf?t=201809131711
Github: https://github.com/coschain
Facebook: https://www.facebook.com/ContentosOfficial/
Twitter: https://twitter.com/contentosio
Medium: https://medium.com/contentos-io
Reddit: https://www.reddit.com/r/Contentosofficial/
Telegram: https://t.me/ContentosGlobal
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Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1112523