What is the blockchain live streaming model (What does the blockchain model mean)

08/15/2023 15:58 • Crypto & Markets • 54 views

What is the blockchain live streaming model? It can be understood as a cloud-based virtual live streaming system, which is implemented through smart contracts. When you watch a video on your computer, a code segment can be automatically sent to your server or other nodes for synchronization. However, if users want to access free software updates, paid subscriptions, and other services, they need to provide corresponding services to the platform, which are generally provided by centralized institutions such as Google and Facebook.

However, since many technology teams have not introduced the true nature and specific application scenarios of this technology, the blockchain technology can only be viewed from this perspective.

What does the blockchain model mean

What does the blockchain model mean, also known as distributed ledger technology and peer-to-peer transmission mechanism? It refers to the process of storing information among nodes in the network. This approach can be understood as “decentralized” or “autonomous”. It is a form of consensus protocol (or Distributed Ledger) that guarantees data cannot be tampered with, rather than an encryption algorithm. Its characteristic is the use of cryptography to protect transactions and prevent double authentication issues.

Currently, there are three types of blockchain: distributed ledger systems, digital currency payment systems based on smart contracts, including mainstream currencies such as Bitcoin and Ethereum; decentralized exchanges, and other applications, etc. (BlockBeats Note: The so-called blockchain is a brand new concept. We translate this term as distributed ledger, which includes various data related to off-chain records and on-chain assets.)

These novel applications are all built on a specific platform, and they need to meet certain conditions to operate and maintain a certain number of independent devices. For example, if you have a bank account, you can purchase goods with cash, so you don’t need to hold anything else because such products do not generate interest.

But if you want to become a true Internet computer? The operating principle is to allow people to create their own cloud servers, and then utilize their own computing power to develop a new software solution that is more secure and reliable, while also ensuring that no one knows if your phone is online. That is the blockchain model.

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What is the blockchain live streaming model (What does the blockchain model mean)

What does the blockchain model mean

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