Tech 22 March 2018Erik Gibbs
JoyStream goes live on Bitcoin Cash
It’s a fairly safe assumption that a lot of people around the world, at one time or another, have downloaded a song, a movie or a file using file sharing software. The entire torrent network isn’t about stealing copyrighted material, but also for the legitimate sharing of information across great distances. BitTorrent client JoyStream joins the cryptocurrency community with its new version, JoyStream 1.0, which supports Bitcoin Cash (BCH).
JoyStream’s model is basic. Seeders receive micropayments based on the amount of bandwidth they provide for downloads. The higher the bytes, the greater the payment. This ultimately provides a faster network for the entire community. The platform has paid users with legacy Bitcoin (BTC) for a number of years, and announced a couple of days ago that it will now provide payments via BCH, as well.
One drawback to the app is that the user interface doesn’t allow for users to control the pricing, basically adjusting the amount of bandwidth that was allocated. Previous attempts at including this feature didn’t work as planned, but JoyStream hopes to include it in the future. However, this is more than adequately compensated for by the inclusion of a new internal media-streaming server. The server supports multiple simultaneous torrents and playback is provided through a native HMTL5-based player.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
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