By Marko Vidrih on The Capital
Working within the blockchain framework requires you to have the proper system, but the truth is there are actually a lot of different options out there. For a new technology, it can be difficult to determine which one is the right way to go. Well, that’s where we want to help you out, by making it a whole lot easier to evaluate the different systems and decide which one is going to give you the features and the outcomes that you are looking for, whether you’re a content creator, a viewer or an enhancer.
If you’ve been looking at some of the different streaming platforms out there and trying to do your own research you’ve likely found Chainflix and DTube. But have you figured out which one is right for you? Well, we’re going to take a closer look at both of them to make sure you make the right decision. After all, you don’t want to find yourself with the wrong platform after you’ve already put a whole lot of work into trying to make it work for your needs. So, let’s dive in a little bit closer to what they are and what they do.
What is Chainflix?
First up is Chainflix. This system offers you the opportunity to engage in a range of different ways. You could be a content creator, an enhancer or a storage provider. The even more important part is that, no matter which of these areas you decide to participate in, you’re going to have the opportunity to earn mined coins. You get to decide how you want to participate in the process and you will have different experiences and abilities to earn coins depending on exactly how you interact.
With Chainflix you’re going to have the ability to join together two different services, blockchain and P2P streaming. This is going to give you more security, more benefits and a whole lot more features. Not to mention you’re going to have the freedom to engage in different ways. You can engage by creating different types of content, by reviewing content and by enhancing content. And that’s going to allow you to have the freedom to showcase where your skills truly lie and make money in the process. All of this is going to help you and everyone else on the blockchain system to earn rewards for participating in the community.
Now, what’s really great is that you’re going to have even lower costs with Chainflix than you would get with similar systems. You’re also going to get higher rewards, which makes it a win-win experience for you. Plus, everyone who is involved in the process is going to have the opportunity to earn coins. It’s not just content creators who are getting rewarded anymore. It’s now anyone who is involved at any stage of the process. This is going to encourage more people to enhance content and it’s going to encourage more people to watch the content that’s produced.
Because these individuals are encouraged to participate and to carry out additional tasks it means that there is more possibilities for people at all parts of the blockchain system and community. It means that the entirety of the system is likely to keep right on going and that it’s going to continue to grow and reap even more rewards for the people who are involved. That’s going to make it even more interesting, fun and productive as time goes on. All of this is going to be essential the future of blockchain.
Viewers — Viewers are able to engage with the platform in the way they want to, by watching videos. And what’s even better is that they’ll be able to earn coins for doing it. But if they want to earn additional coins they’ll have that opportunity to. All they have to do is watch some adds to earn more. And if they choose not to engage in that way they don’t have to. Giving the viewer the choice and additional monetization options makes them feel empowered, increases ad revenue and gets more people watching the actual content that’s being created as well.
Content Creators — These individuals get to do what they do best, create content. And they get to earn coins through the process as well, which is going to encourage them to continue creating more and more content over time. After all, they want the opportunity to continue increasing their revenue. Not only that but they get to continue doing the things that they actually enjoy doing, which is creating all of that content and sharing it with others. While they may already be doing this in other areas, the increased rewards make them more likely to ramp up production.
Content Enhancers — These are the people who take the content that has been created and make it even better or even more user friendly. They may add subtitles, solutions, dubbing and a whole lot more. They make sure that the people who are watching the video are going to be as interested as possible, which is actually going to keep those viewers coming back to the platform. Plus, it helps the content creators. And for all of this work that they’re doing they’re going to earn coins as well. After all, they’re helping the platform and everyone on it.
Advertisers — Advertisers are earning coins for the people that purchase their goods and services through content. When they sign up with the service they set their ads to a cost-per-view system, where they only pay for the times that their ad is actually watched. That way, they don’t have to pay for anything that isn’t being seen. They also have the ability to sell their products and services through the platform, which makes it even more lucrative for them. And the viewers get to choose to watch the ads in order to earn more coins, so they’re more likely to do so.
Storage Providers — The last part of the process is the storage providers. These are the people who are allowing videos and more to be uploaded into their space. They are responsible for making sure that the content stays available at all times and that it’s secure from outside forces. For providing this service they are also able to earn coins, which make them more likely to continue providing those storage spaces. After all, they’re definitely interested in earning more coins without having to put in a whole lot of work, right?
Once all of those coins are earned through the system, everyone within the chain also has the opportunity to spend their coins. They can even do this right in the system. The coins have been mined and they can be used for rewards that are offered by advertisers. They can also be bought so the individual has even more or they can be sold off for different types of currency and coins. Not only that but they can be traded. And all of these services are carried out right within the system that they’ve already been working in, which is going to increase their interest in the platform and keep them coming back.
What is DTube?
d.tube is a video streaming platform that provides you with compensation in the form of cryptocurrency for creating content and uploading it to their program. Content creators are encouraged to create any type of content that they want and to upload it to the platform. From there, they have complete control over every aspect of the content. For example, the content creator gets to decide whether they want to show ads within their video and programs them in for themselves. DTube does not insert any advertising at all.
Those who don’t choose to create their own content can still earn some cryptocurrency as well because they are able to earn through viewing, sharing and commenting on the content that is already posted and uploaded into the system. By engaging with the content they are able to earn their own currency and continue to support the platform at the same time. This encourages more viewers for the content, which in turn creates more revenue and more cryptocurrency for those who are creating the content, which encourages even more content creation to occur.
DTube offers no censorship at all, so content is allowed to be about anything. They also offer a platform that is completely fair to others, which means that all of the data available through the system is completely public. Anyone is welcome to look at it. No algorithms exist to prioritize any type of content or any specific content over the rest, whether by monetizing them more or by showing them more prevalently to the potential viewers. All content creators are given the exact same benefits and the exact same opportunity to be seen and earn more currency from their videos.
Where They Differ
These two platforms do differ in several different ways. For one thing, DTube does not provide the same type of payouts that you would get with Chainflix. You will be able to earn cryptocurrency for interacting with content that is produced, which is similar to the viewers within Chainflix. You will also be able to earn cryptocurrency for creating content, which is the content creators of Chainflix. However, the others that are able to earn currency through Chainflix, namely enhancers and storage providers, do not exist or do not have the opportunity to earn currency through DTube.
Another difference you will find with DTube and Chainflix is the way that content is stored. Chainflix allows individual storage providers to earn cryptocurrency by hosting videos and maintaining their safe storage. On the other hand, DTube uses an IPFS peer-to-peer system to provide storage for their content and videos. These services are not eligible to receive coins for storing the content. This can make the storage of content less intriguing and it means that there is an entire area of the process that is not eligible to receive compensation. Both provide fast upload speeds and the ability to decentralize the way in which videos are stored and viewed.
Why Choose Chainflix
Chainflix is the only blockchain oriented system that rewards people at all stages of the process to creating and enjoying content. Those who create the content, enhance the content, view the content and store the content all have the opportunity to earn mined coins, which encourages participation at all levels of the process. This is also going to increase the amount of coins that are available and will continue to encourage the exchange and buying and selling of coins that are used within the system as well, which enhances the entire field of cryptocurrency as a whole.
Chainflix also provides a great deal of support and freedom to the content creators who are able to determine just how much of a reward they want to provide to those who are viewing or enhancing their content. In fact, content creators get nearly complete control over all aspects related to their content, which will allow them to feel more involved in the entire process related to their content. They get to set all ratios for reward distribution and they get to work with advertisers for the content being provided as well.
Overall, there are a number of excellent features available with Chainflix and with DTube, however, only Chainflix can provide all of the services that those looking to get into this blockchain structure would want. It allows everyone throughout the chain and throughout the process to earn cryptocurrency simply for interacting in the way that they do best. Not only that, but it encourages additional participation, which helps to increase the amount of cryptocurrency that everyone along the chain receives. For those looking to create content the rewards inherent in this system make it more likely that they will create content. For those who enjoy enhancing or viewing content the inherent rewards make them more likely to do so and even storage providers are able to earn.
Blockchain Streaming Platforms: Chainflix vs. DTube was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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