In an era when YouTube may demonetize or delete your channel at any moment, it becomes vital to determine what distribution strategy is best for your videos.
YouTube is not the only site with this problem. As with any centralized streaming system, centralized streaming has inherent limitations, such as a single point of failure, censorship potential, and a closed ecosystem controlled by a big company.
Does this mean creators will never have control over their content? Fortunately, the answer is no, as long as alternatives are available to centralized streaming.
Problems with current streaming services
Although YouTube has excellent figures, it has several drawbacks as well. Despite the platform’s popularity, many of its flaws can be attributed to its centralization.
In addition to strict video monetization regulations, unfair video promotion algorithms, lack of individualized support, ambiguous terms and conditions, and privacy concerns, these are only a few of the problems.
These urgent issues are really motivating many YouTube users and content creators to switch sites.
The Script TV platform combines blockchain technology with on-demand content. This synergy not only gives platform customers more options and services than is currently available with existing media services like cable TV and Netflix but also solves conventional media businesses’ problems.
In addition, users can passively earn tokens by watching ads, watching movies, and sharing bandwidth with other users through the peer-to-peer network.
How does ScriptTV benefit users?
Users who engage with ScriptTV-sponsored events, watch videos, and interact with adverts can win prizes. Content consumers passively earn money by watching, distributing, and engaging with content in a community of like-minded individuals. Their smart TVs or other devices may also contribute some bandwidth if they act as nodes.
For Content Providers
To scale both the quality and quantity of content, the platform aims to curate this content into a channel experience. It will make the watching incredibly interesting and keep the users engaged if this is combined with allowing them to engage and be a part of it. The site also develops connections with production companies, movie studios, and content providers by utilizing exclusive, top-notch programming.
A number of advertisers are also ecosystem providers, which Script TV uses to place advertisements on each channel. Finally, a decentralized node distribution system completes the eco-cycle by rewarding content users with tokens and punishing bad actors who attempt to disrupt or corrupt it.
How does the Protocol work?
Step 1: As part of the Script protocol, there is a governance token known as SCPT
Step 2: The three node layers—Validator, Lightning, and Script—make up the whole network
Step 3: A user must stake at least 250m SCPT tokens to set up the Validator node fully.
Step 4: For lightning, the smallest SCPT investment is 5000 tokens, for which the user will get a payout equal to around 5% of the whole stake over the course of a year.
Step 5: The Edge node now enters the picture, requiring a minimum of 1000 SCPT to start the process of receiving rewards.
What does the future hold for ScriptTV?
As a general principle, Script.TV’s mission is to provide a complete television experience via the blockchain. Its profit-sharing framework and content management system store data, tokenize, create original content, make NFTs, and integrate current content into Script.TV.
Script.TV goes through three stages of development:
- Launch of the Script TV token site and the full Script TV site (beta)
- Token distribution (private and public rounds)
- Community and market awareness building
- Social media channel setup and first partnership confirmation
- Start the ad software test network; roll out the ads;
- Scale the website from 3-5 channels to 25-30 channels, all available 24/7;
- Develop simple on- and off-ramping techniques;
- Sign more international partnerships for content, strategy, and growth.
- Mobile app,
- Significant user growth
- Widespread acceptance
- Production of original movies and television shows at Script Studios.
Through Script TV’s innovative service, users can generate passive income by watching television. Moreover, content creators and partners get transparency on the blockchain, user behaviour analysis is made possible, and user performance is monitored. As the world’s first decentralised live-streaming platform, the platform’s future looks promising.