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Blockchain Powered Video
Sharing Platform
Ever imagined running your own Youtube like video sharing platform, with the power of
blockchain? Building a decentralized ‘Video Sharing’ platform is now possible!
Did you know? If such an application runs over the block chain, it gets an added revenue
channel as well. Both the Viewer & the user who has uploaded the video can get rewarded
with Bitcoins! This factor alone can bring in more adoption. Unlike in traditional video
sharing sites like Youtube, contributors dont need to depend on mere Ad revenue. And
viewers get incentivized with Cryptocurrency for just viewing content!
Advantages of running a Video sharing business on an IPFS and Blockchain are:
•Global availability of the content
•Usage of the Peer to Peer network to save costs.
•The overall operational cost is reduced significantly.
•Monetization feature is built right into it.
•Site owner gets a percentage of the revenue from what the Creator/uploader makes.
https:/levelten.org/blockchain-powered-video-sharing-platform//
Why should you run a video sharing business on a Blockchain?
•Global availability of the content
•Usage of the Peer to Peer network to save costs.
•The overall operational cost is reduced significantly.
•Monetization feature is built right into it.
•Site owner gets a percentage of the revenue from what the Creator/uploader
makes.
Why Should you run a Video sharing business on a Blockchain?
•Earlier, running a Video sharing platform like Youtube would involve buying
Petabytes of disk space, multiple colocation servers to store same copies of the data
across the world, investing in a Content delivery network across multiple regions etc
for smoother delivery of the content stored in all these.
•The platform would run entirely on the InterPlanetary File System (IPFS) and Block
Chain. It uses the STEEM blockchain, and it is written completely in Javascript.
https://levelten.org/blockchain-powered-video-sharing-platform/
•Blockchain and IPFS technology offers extreme scalability. Because having an SQL
database would turn out to be cumbersome and may not be capable of serving
multiple concurrent requests beyond a certain limit.
How can a Blockchain powered video sharing site make money?
•STEEM Blockchain offers speed, it is free and anyone can use it without depositing any
fiat or cryptocurrency. When there’s a transaction, there are no fees added to it. (as in
NO Blockchain fee). STEEM has a great reward earning mechanism for content creators
and their audiences on the blockchain.
•This encourages engagement as audience users now have an incentive to engage. This
would also boost the creator’s morale by using the platform regularly.
•Any video uploaded on the video sharing platform becomes a STEEM content, that can
earn rewards for 7 days.
•Site owner gets a percentage of the revenue from what the Creator/uploader makes.
https:/levelten.org/blockchain-powered-video-sharing-platform//
Important features of the youtube clone scrpit
The main user-facing components of the blockchain based YouTube clone script are Video
discovery, video upload, built-in reward and monetization mechanism, rating and feedback
system.
•Video Discovery
Video discovery is essential to help users “binge watch” video on your platform constantly.
The more people discover fresh and interesting content they would stay longer than usual.
Showing content as Trending and new would also promote engagement.
Netflix has researchers working on their discovery and recommendations engine day in
and day out to perfect their algorithm for showing relevant content and predicting what
you may like.
•Video Upload
The entire platform relies on great user-generated content being uploaded to it. A faster
and smoother video upload process could motivate the Creators to upload content
frequently, a shoddy experience could impact negatively.
https:/levelten.org/blockchain-powered-video-sharing-platform//
Search and filters
A powerful search engine fetches the relevant results based on what the users are
searching for. Using Elastic powered search engine drastically reduces search latency
and provides results faster.
Filters allow users to block out Not Safe For Work content, display only fresh content
etc. Giving them search filter option would make a better user experience.
Monetization
Building atop the STEEM Blockchain would plug-in the already existing reward earning
mechanism into the platform by default. For every Upvote, comment there’s a Steem
coin credited to the user. For a creator, a great content would fetch upvotes and
comments, this would convert to steem coins. A small percentage of the creator’s
reward is shared with the Platform owner.
Feedback and Moderation
Building a community around your product involves making the platform safe and
engaging for everyone using it. A strong feedback and moderation mechanism ensures
that you keep the trolls and bullies from misusing the platform.
https:/levelten.org/blockchain-powered-video-sharing-platform//
Frequently Asked Questions
What is a Blockchain?
Simply put, a Blockchain is a secure, globally distributed ledger that keeps track of all
the transactions done on the platform. The Blocks are records that are permanently
stored here and cannot be altered.
What is IPFS?
IPFS or InterPlanetary File System is a networked filesystem and protocol that allows
the storage and sharing of hypermedia content on a distributed Peer to peer file
system, each content created/stored/shared on the network has an address.
Why use InterPlanetary Filesyatem?
IPFS is a protocol that enables decentralized file storage and uses the same principle as
how the BitTorrent network works, where the contents are hashed and distributed so
that it can be later be merged at the end user’s computer. The hashes can be verified to
check if all the contents are indeed the same/original.
Some IPFS hosting providers charge around $0.044 per GB per month.
https:/levelten.org/blockchain-powered-video-sharing-platform//
What is STEEM?
STEEM is a cryptocurrency that is used to incentivize the STEEM.IT blogging platform.
STEEM coins are tradable and they are used as a mode of payment for the content creators
and users who engage on the platform. STEEM’s reward mechanism is quite popular.
https:/levelten.org/blockchain-powered-video-sharing-platform//

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Blockchain powered video sharing platform

  • 2. Ever imagined running your own Youtube like video sharing platform, with the power of blockchain? Building a decentralized ‘Video Sharing’ platform is now possible! Did you know? If such an application runs over the block chain, it gets an added revenue channel as well. Both the Viewer & the user who has uploaded the video can get rewarded with Bitcoins! This factor alone can bring in more adoption. Unlike in traditional video sharing sites like Youtube, contributors dont need to depend on mere Ad revenue. And viewers get incentivized with Cryptocurrency for just viewing content! Advantages of running a Video sharing business on an IPFS and Blockchain are: •Global availability of the content •Usage of the Peer to Peer network to save costs. •The overall operational cost is reduced significantly. •Monetization feature is built right into it. •Site owner gets a percentage of the revenue from what the Creator/uploader makes. https:/levelten.org/blockchain-powered-video-sharing-platform//
  • 3. Why should you run a video sharing business on a Blockchain? •Global availability of the content •Usage of the Peer to Peer network to save costs. •The overall operational cost is reduced significantly. •Monetization feature is built right into it. •Site owner gets a percentage of the revenue from what the Creator/uploader makes. Why Should you run a Video sharing business on a Blockchain? •Earlier, running a Video sharing platform like Youtube would involve buying Petabytes of disk space, multiple colocation servers to store same copies of the data across the world, investing in a Content delivery network across multiple regions etc for smoother delivery of the content stored in all these. •The platform would run entirely on the InterPlanetary File System (IPFS) and Block Chain. It uses the STEEM blockchain, and it is written completely in Javascript. https://levelten.org/blockchain-powered-video-sharing-platform/
  • 4. •Blockchain and IPFS technology offers extreme scalability. Because having an SQL database would turn out to be cumbersome and may not be capable of serving multiple concurrent requests beyond a certain limit. How can a Blockchain powered video sharing site make money? •STEEM Blockchain offers speed, it is free and anyone can use it without depositing any fiat or cryptocurrency. When there’s a transaction, there are no fees added to it. (as in NO Blockchain fee). STEEM has a great reward earning mechanism for content creators and their audiences on the blockchain. •This encourages engagement as audience users now have an incentive to engage. This would also boost the creator’s morale by using the platform regularly. •Any video uploaded on the video sharing platform becomes a STEEM content, that can earn rewards for 7 days. •Site owner gets a percentage of the revenue from what the Creator/uploader makes. https:/levelten.org/blockchain-powered-video-sharing-platform//
  • 5. Important features of the youtube clone scrpit The main user-facing components of the blockchain based YouTube clone script are Video discovery, video upload, built-in reward and monetization mechanism, rating and feedback system. •Video Discovery Video discovery is essential to help users “binge watch” video on your platform constantly. The more people discover fresh and interesting content they would stay longer than usual. Showing content as Trending and new would also promote engagement. Netflix has researchers working on their discovery and recommendations engine day in and day out to perfect their algorithm for showing relevant content and predicting what you may like. •Video Upload The entire platform relies on great user-generated content being uploaded to it. A faster and smoother video upload process could motivate the Creators to upload content frequently, a shoddy experience could impact negatively. https:/levelten.org/blockchain-powered-video-sharing-platform//
  • 6. Search and filters A powerful search engine fetches the relevant results based on what the users are searching for. Using Elastic powered search engine drastically reduces search latency and provides results faster. Filters allow users to block out Not Safe For Work content, display only fresh content etc. Giving them search filter option would make a better user experience. Monetization Building atop the STEEM Blockchain would plug-in the already existing reward earning mechanism into the platform by default. For every Upvote, comment there’s a Steem coin credited to the user. For a creator, a great content would fetch upvotes and comments, this would convert to steem coins. A small percentage of the creator’s reward is shared with the Platform owner. Feedback and Moderation Building a community around your product involves making the platform safe and engaging for everyone using it. A strong feedback and moderation mechanism ensures that you keep the trolls and bullies from misusing the platform. https:/levelten.org/blockchain-powered-video-sharing-platform//
  • 7. Frequently Asked Questions What is a Blockchain? Simply put, a Blockchain is a secure, globally distributed ledger that keeps track of all the transactions done on the platform. The Blocks are records that are permanently stored here and cannot be altered. What is IPFS? IPFS or InterPlanetary File System is a networked filesystem and protocol that allows the storage and sharing of hypermedia content on a distributed Peer to peer file system, each content created/stored/shared on the network has an address. Why use InterPlanetary Filesyatem? IPFS is a protocol that enables decentralized file storage and uses the same principle as how the BitTorrent network works, where the contents are hashed and distributed so that it can be later be merged at the end user’s computer. The hashes can be verified to check if all the contents are indeed the same/original. Some IPFS hosting providers charge around $0.044 per GB per month. https:/levelten.org/blockchain-powered-video-sharing-platform//
  • 8. What is STEEM? STEEM is a cryptocurrency that is used to incentivize the STEEM.IT blogging platform. STEEM coins are tradable and they are used as a mode of payment for the content creators and users who engage on the platform. STEEM’s reward mechanism is quite popular. https:/levelten.org/blockchain-powered-video-sharing-platform//