Polygon is a decentralized Ethereum scaling platform that makes it possible for developers to create scalable, user-friendly DApps with low transaction costs while maintaining security. Polygon believes Web3 should be accessible to everyone and, as such, is dedicated to providing the infrastructure to support the growth of Web3 applications.

The purpose of the Polygon is to provide a full-featured multi-chain solution incorporating the best features of Ethereum and sovereign blockchains. In addition to utilizing Ethereum’s network effects, it is more secure, open, and robust.

In order to extend its ecosystem, Polygon will continue to strengthen its underlying technologies.

How Does Polygon Work?

Polygon is a public blockchain scaling solution based on sidechains. By utilizing Ethereum’s blockchain, the Polygon platform can connect Ethereum-based projects. The Ethereum platform will be improved in a number of ways, including lower transaction fees and faster transactions. It is built on a customized version of the Plasma framework.

Polygon employs a modified proof-of-stake consensus technique that allows the platform to run more efficiently by achieving consensus with each block. In a proof-of-stake method, network participants stake their MATIC and agree not to trade or sell them in exchange for the right to validate Polygon network transactions. MATIC is an ERC-20 token, meaning it’s compatible with other Ethereum-based tokens. MATIC is used to manage, secure, and pay network transaction fees on the Polygon network. Polygon MATIC is awarded to successful Polygon validators. 

Using the Polygon platform, a blockchain project’s flexibility, scalability, and sovereignty may be increased while maintaining the Ethereum blockchain’s security, interoperability, and structural benefits. It also provides a greater user experience while being safe and decentralized.

It plans to support additional blockchains in the future, allowing it to provide interoperability capabilities.

What are the Advantages of Polygon Technology?

The following are some of Polygon’s advantages:

• Polygon has the ability to process transactions quickly. It can maintain rapid transaction processing speeds by adopting a consensus method that completes the transaction confirmation process in a single block. The average block processing time for Polygon is 2.1 seconds.
• Transaction fees are comparatively low: Polygon maintains its platform fees low, and approximate costs per transaction are around 10,000x cheaper than Ethereum.
• Polygon is noteworthy for its capacity to scale while retaining a high level of decentralization.
• It provides great finance and trading experience. Polygon plans to support DEXs, liquidity pools, and other financial protocols such as lending protocols on its platform, giving Polygon users access to a variety of financial service apps like DEXs, Lending DApps, and more. 
• Another benefit of polygon speed of deposit and withdrawals between networks through Intuitive, efficient polygon bridging.
• It provides scalable and flexible solutions.
• Easy-to-use Polygon wallet is also available on the web and mobile to send or receive crypto on the network.

What is the Architecture of Polygon?

Polygon Network is a Proof-of-Stake and Plasma sidechain supported blockchain application platform.

Polygon’s architectural attractiveness lies in its simplicity, which separates a generic validation layer from a wide range of execution environments, such as full-blown EVM sidechains and, in the future, zero-knowledge roll-ups.

On Ethereum, a collection of staking management contracts and a network of incentivized validators running Heimdall and Bor nodes enable the PoS mechanism. In order to create a decentralized Layer 2 blockchain platform that is interoperable, Polygon currently supports Ethereum but plans to expand to more base chains depending on community proposals and consensus.

Polygon has a three-layer architecture:

1. Staking smart contracts on Ethereum
2. Heimdall (Proof of Stake layer)
3. Bor (Block producer layer)

A layer two scaling solution, Polygon PoS uses side chains to achieve exceptional transaction speed and cost reductions. POS also provides asset protection through a decentralized network of Proof-of-Stake (PoS) validators, as well as the Plasma bridge architecture.

What are the Scaling Solutions for Polygon?

Polygon’s scalable proof-of-stake design compliments Ethereum’s decentralized security, allowing you to build programs that appeal to a broad audience while keeping decentralization’s potential. 

Here is Polygon’s complete Ethereum scaling solution suite.

Polygon PoS

Ethereum sidechain compatible with EVM, protected via a permissionless collection of PoS validators.

Polygon Hermes

On the wings of Ethereum, an open-source zk-rollup is designed for secure, low cost, and usable token transfer.

Polygon Edge

A modular and extensible framework for creating Ethereum-compatible blockchain networks, whether private or public.

Polygon Nightfall

A one-of-a-kind scaling solution based on optimistic roll-ups and zero-knowledge. 

Polygon Miden

A stark-based zk-rollup with arbitrary smarts contract support.

Polygon Zero

A zk-rollup that is Ethereum compatible and employs an incredibly fast recursive proof mechanism that is Eth friendly.

Polygon Scaled BuzzShow Network 

BuzzShowNetwork is a blockchain-based decentralized video-sharing network. Anyone can join the platform since it is user-friendly and user-centric. The network’s goal is to create a platform that prioritizes content creators, curators, and consumers’ demands. Goldies, BuzzShow Network’s native utility currency, encourages users to curate, upload, watch, and share videos on the network. This is the first completely functional social video platform on which anybody may participate, produce, and earn. The platform’s single guiding idea is “For People, By People.” The goal is to alter how the social media industry works. 

BuzzShow uses IPFS to eliminate the need for a central video management platform. As a result, a centralized video storage system is no longer required. Moreover, any connection failures in one area will have no effect on the others. Furthermore, subdivisions of the videos will be made in order to restore them even if the blockchain fails. Every piece of material that is uploaded is always safe and decentralized. Different user roles on the platform are appropriately rewarded based on a proof-of-contribution mechanism, such as video makers who create the material they enjoy, video curators who add those videos to their channels, and others who watch and share such videos.

With Polygon technology, a whole new user interface of the platform is available. Moreover, it provides a completely scalable, secure, and flexible solution. Users can now convert also their earned Goldies to Polygon Matic. In addition, they can make transactions through their polygon wallets which are faster and provide low transaction costs than the Ethereum Network. Polygon bridging also gives the additional benefits of inter-network deposit or withdrawal.

Hence, BuzzShow Network is a whole new, fast, secure platform available to users after bridging with Polygon technology. 

For public blockchain, proof-of-contribution or PoCo, a new consensus mechanism developed by iExec, has been proposed. It is an algorithm used to convert user actions into blockchain contribution values. iEexc proposed PoCo to establish trust among untrusted devices and to provide off-chain computing consensus. A new proof of contribution (PoC) consensus mechanism is also used to evaluate the contribution of nodes using a contribution algorithm to choose the node with the greatest contribution value for generating a new block. PoC addresses the need for coin-agnostic consensus techniques for public blockchains by allowing them to be utilized in a range of applications that do not need the usage of cryptocurrency.

In this article, we will discuss different consensus mechanisms and proof of contribution in detail.

What are Consensus Mechanisms?

Blockchain systems use consensus mechanisms to agree on a single value or state of data for a distributed processor multi-agent system, such as cryptocurrencies. Among other uses, it allows you to keep track of items. In simple words, consensus mechanisms are different approaches used to obtain agreement, trust, and security across a decentralized computer network. In the cryptocurrency world, Proof-of-work (PoW) and proof-of-stake (PoS) are two of the most common consensus techniques.

Why do we need a Consensus Mechanism?

Public blockchains are self-regulating and decentralized, operating globally without reliance on one central authority. The blockchain relies on millions of contributors to verify and validate transactions and mine blocks, among other tasks. Considering that the blockchain’s status is constantly changing, these publicly accessible ledgers must ensure that transactions on the network are authentic and all participants are in agreement regarding the ledger’s status, using an efficient, fair, real-time, functional, reliable, and secure mechanism. This crucial function is performed by the consensus mechanism, which determines the legitimacy of contributions made by various participants, i.e., nodes or transactors of the blockchain.

What are the Types of Consensus Mechanisms?

There are different consensus mechanisms operating on a different set of principles.

Proof of Work (PoW)

Proof of work (POW) is a consensus technique commonly used in cryptocurrencies such as Bitcoin and Litecoin. A participating node must demonstrate that the work they have finished and submitted is qualified to add new transactions to the blockchain. Although, the entire mining process consumes a large amount of energy and takes a long time. Moreover, it necessitates the use of expensive mining equipment. Which is considered the drawback of this technique.

Proof of stake (PoS)

In contrast with proof of work (PoW), proof of stake (PoS) originated as a low-cost, low-energy consensus process. In addition, it involves allocating a proportional amount of virtual currency tokens to each participant node for the purpose of maintaining the public ledger. Nevertheless, this encouraging hoarding of crypto coins rather than spending has the disadvantage of doing more damage than good.

Proof of Capacity (PoC)

With Proof of Capacity (PoC), contributing nodes on the blockchain can share memory space. An updated public ledger is kept up to date by the node with the most RAM or hard drive capacity. 

Proof of Activity (PoA) 

Proof of Activity (PoA) on the Decred blockchain combines elements of both PoW and PoS. 

Proof of Burn (PoB)

Proof of Burn (PoB) has the opposite effect, requiring users to send small amounts of money to non-accessible wallet addresses.

The Gap in Consensus Mechanisms

The characteristics of both PoW and PoS are that the algorithm assumes a node or a user has the resources. And according to them the nodes or users with more resources will win, and those with fewer resources have very little chance of winning. Moreover, the size of resources is not in sync with their contribution to the network.

In addition, resources and economic investment are exponentially correlated, which eventually leads to a concentration of power and calculations that threatens the network.

Therefore, with the belief that no effort within a network should be wasted, here is proof of contribution PoCo, taking into account any form of contribution that will exploit the long tail. It makes every contribution to the network useful. PoCo has a number of advantages over PoW, and it may be used on public blockchains.

What is Proof of Contribution (PoCo)

The proof of contribution is based on the user’s contribution to the network, along with the required hash calculation, to decide whether the user can win in the network’s competitive mechanism. PoC can be employed in the mining process of a typical blockchain. It not only provides confidence but also coordinates the many contributions to the network, ensuring that payments are always fair and on schedule. PoCo is a modular protocol with context-sensitive features. To consolidate results, POCO uses replication. This is solely a software solution that assigns a confidence level to the outcome and the requester can choose the confidence level. 

What are the Benefits of Proof of Contribution

Proof of contributions has many advantages over POW and POS. Some of them are listed below.

• PoCo provides an energy-efficient cryptocurrency method. The PoCo method minimizes mining energy usage by rewarding the complexity of solving a cryptographic challenge. 
• When miners no longer earn block rewards, they receive difficulty incentives in addition to the standard mining cost, which encourages them to continue mining. 
• The resilience of PoCo is comparable to Poof-of-Work attacks (PoW). 
• It provides a secure payment process.
• It uses a permission mechanism that can be used to control access to applications, datasets, and worker pools.

BuzzShow Network – A Proof of Contribution Application 

BuzzShow Network is a decentralized social media platform built on blockchain technology. The platform uses proof of contribution mechanisms to reward its users for every action they perform on the platform whether it’s watching, sharing, uploading, streaming, or curating videos. Users are rewarded with Goldies (GLDY) – the platform’s native utility token for their contribution to the platform. These Goldies can be converted easily into ETh or Polygon Matic tokens. Moreover, they can also be exchanged for fiat currency. The platform is user-centric and user-friendly with the goal of distributing revenue fairly among all platform users.

BuzzShow Network integrates IPFS, which makes it a more secure and decentralized network. In addition, users can also benefit from the platform since it ensures content protection, confidentiality, and the flexibility to share their skills. BuzzShow Network has set copyright and content infringement policies. Preventing network copyright infringement will encourage users to develop more unique content. Because of its reward-based structure and decentralized approach, BuzzShow is a superior video streaming network.

Kevin O’Leary, a celebrity investor, claims that he invests in 32 different crypto and blockchain projects with 20 percent of his portfolio. He claims to possess Ethereum, Solana, Helium, and Avalanche, among other things. In his recent interview with CNBC, he says he owns “millions of dollars” in a variety of crypto assets. “You have to diversify,” he added. “I own 32 different positions, including FTX equities.”

Who is Kevin O’Leary 

Terence Thomas Kevin O’Leary also known as “Mr. Wonderful”, is a Canadian businessman, entrepreneur, author, politician, and television presenter. He participated in a number of Canadian television shows between 2004 and 2014, including the business news shows SqueezePlay, The Lang, and O’Leary Exchange, as well as the reality shows Dragons’ Den and Redemption Inc. He made an appearance on Project Earth on the Discovery Channel in 2008. He has been a regular on Shark Tank, the American version of Dragons’ Den, since 2009.

SoftKey Software Products, a technology company that sold software aimed at family education and entertainment, was co-founded by O’Leary. SoftKey bought rival companies such as Compton’s New Media, The Learning Company, and Broderbund in the late 1980s and 1990s. SoftKey was eventually renamed The Learning Company before being purchased by Mattel in 1999, making O’Leary a multimillionaire. 

Kevin O’Leary’s net worth is expected to be at $400 million in 2022. O’Leary is one of the world’s wealthiest businesspeople.

Kevin O’Leary – Interest in Cryptocurrency

Kevin O’Leary recently spoke to CNBC about his interest in investing in cryptocurrency. He noted that cryptocurrencies and blockchain assets constitute 20% of his portfolio in the interview. “Millions of dollars” have been invested in crypto assets by O’Leary, according to CNBC. 

Andrew Ross Sorkin asked O’Leary whether some cryptocurrencies might not exist in a decade, to which O’Leary responded that he’s taken that into consideration.

“The whole point is that you can’t tell who is going to win. Is Ethereum going to win? Is Solana going to win? Is it Helium or is it Avalanche? I own them all,” said O’Leary- the venture capitalist. He’s also the founder and chairman of O’Shares ETFs.

In his opinion, the smartest engineers in the world today are going to work for blockchain companies. Although the US is far behind countries like Canada and Switzerland in the global crypto race, he stressed that the world waits for the US to act as a leader on digital assets.

Should You Include Crypto in Your Investment Portfolio?

Cryptocurrencies are all the rage, but figuring out how they fit into a portfolio is a challenge. Money managers often strive to maximize gains while limiting losses by calculating the expected risk and return of various investments and then putting together a portfolio that provides the optimal risk-return trade-off. Volatility, often known as the standard deviation in finance, is the most extensively utilized risk indicator. Because volatility tends to hug a tight range over multi-year periods, historical averages are a reasonable indication of future price swings for traditional investments like stocks and bonds.

It’s more difficult to predict future returns. It is possible for investors to rely on historical averages. Nevertheless, multi-year returns often resemble their historical average, but sometimes deviate significantly from it, usually during market peaks.

In the case of cryptocurrencies, it is impossible to say how much to invest in them because no one knows what drives cryptocurrency pricing, and the answer may take a long time to come. Investors have long struggled to predict projected returns for fiat currencies and commodities such as oil, cereals, and metals, which, like cryptocurrencies, do not generate interest, earnings, or dividends independent from their price.

For more information about crypto and investment in crypto read here.

There is a little history and even less insight into what moves cryptocurrency, so investors are left guessing what to expect and how to integrate them into their portfolios. A tiny percentage of an investor’s portfolio can be devoted to cryptocurrencies if they are willing to stick with it. Cryptocurrencies have been touted as a game-changing technology that has the potential to change a variety of sectors. They can also serve as a secure store of wealth because they cannot be printed or seized. As blockchain technology advances, some speculative behavior is to be expected in the cryptocurrency arena. On the other hand, new investors should also be wary of psychological traps like herd instinct, FOMO, and the Greater Fool Fallacy, which may affect whether they take a sensible risk or a foolish one.

What are the Advantages of Investing in Cryptocurrency?

Blockchain technology is revolutionizing the world. Using and investing in cryptocurrency has numerous advantages. 

• Transaction Speed

First and foremost, cryptocurrency transactions can be completed within a few minutes. When the network confirms the block containing your transaction, it is fully settled, and the money is accessible to use.

• Transaction Costs:

Then comes the transaction cost. When compared to conventional financial services, the cost of transacting cryptocurrency is quite low. However, you should be aware that as the blockchain becomes more popular, transaction prices may rise. Despite this, even on the busiest blockchains, median transaction fees are lower than wire transfer prices.

• Accessibility:

Cryptocurrency is easily accessible to anybody. All you need is an internet connection and a computer or smartphone. When compared to opening an account with a typical financial institution, the process of creating a cryptocurrency wallet is extremely quick. There is no identity verification. There is no credit or background check. People without bank accounts can use cryptocurrency to get financial services without having to go via a centralized institution. People who do not use traditional banking services may be able to use cryptocurrencies to perform online transactions or send money to loved ones.

• Security:

Cryptocurrencies have the best advantage of being secure. No one can sign transactions or access your funds unless they have access to your crypto wallet’s private key. Furthermore, the nature of blockchain technology and the dispersed network of computers confirming transactions ensure transaction security. The network grows more secure as more processing power is added to it. A network attack would require sufficient computing power to confirm numerous blocks before the rest of the network could verify the ledger’s accuracy.

• Transparency:

Transparency is also a unique advantage we need more of. All cryptocurrency transactions are recorded on the blockchain ledger, which is open to the public. Tools are available for anyone to view information about a transaction, such as when, where, and how much cryptocurrency was sent from a wallet address.  This level of transparency has the potential to lower the number of fraudulent transactions. 

The Future Prediction:

Undoubtedly cryptocurrencies are highly volatile and potential to skyrocket. That is why investors like Kevin O’Leary show their interest in them. Research and understanding of crypto are necessary. Moreover, blockchain technology and cryptocurrency are together giving us platforms like BuzzShow Network, Dtube, Steem, etc. these platforms are giving a wide range of user benefits. These technologies really have a bright future.

Just Dig deep by Yourself.

Ethereum is an open-source, decentralized blockchain that enables users to build smart contracts. Ether, or ETH, is the platform’s native coin. Anyone can utilize the platform to create permanent and irreversible decentralized applications with which users can engage.

With Ethereum, you can securely execute and verify smart contract code through a decentralized blockchain network. Without a trustworthy central authority, participants can transact directly with each other. Since transaction records are immutable, verifiable, and securely distributed across the network, participants have complete control over their transaction records. Transactions are sent and received by Ethereum accounts created by users. A sender must use Ether, Ethereum’s native coin, as a cost associated with processing transactions on the network.

Advantages of Ethereum Blockchain

Using the Ethereum blockchain has a number of advantages. Here are a few examples:

Automated Smart Contracts 

Smart contracts are a type of digital contract that enables a user to transact anything if certain conditions are met. It could be money, real estate, business shares, or anything else, to name a few examples. The parties to an Ethereum smart contract, like any other contract, can predetermine the contract terms, and the contract will only execute if all parties agree. While neither party will be identified, the contract will be recorded on the public ledger so that it may be verified.

Authentic Traceability

Another benefit of the Ethereum blockchain is that it allows for true traceability. Because every transaction data is recorded on the ledger and no one can change it, it may be used to construct a complete traceability system. This system may also help firms track their products or transactions, as well as generate a complete report on their overall success and prosperity. It can also help uncover any inefficiencies in the system and address them as soon as they are discovered.

Non Fungible Tokens

Since the turn of the century, non-fungible tokens have become increasingly popular around the world. NFTs are indivisible, one-of-a-kind digital tokens that can be used to certify the authenticity of both digital and physical rare commodities. It might be a piece of artwork, an image, a video clip, or any other type of one-of-a-kind asset.

Ethereum pioneered the concept of non-fungible tokens. Ethereum provides ERC standards for creating new types of tokens, and it has proven to be incredibly useful to the blockchain community over time. NFTs can be used by business owners to tokenize their work and ensure that it is unique and theirs alone. Ownership information is saved and preserved on the blockchain network. Because they provide platform interoperability, NFTs are also gaining interest in the gaming sector.

ERC-721 was created expressly for the generation of NFTs, which are one-of-a-kind, non-tradable tokens. However, several popular NFTs continue to use a token standard that is similar to the ERC-20 token.

Virtual Machine for Ethereum (EVM)

The EVM is a difficult idea to grasp. EVM, which is fundamentally an appropriate hardware and software co-relation architecture, is used to enable Smart Contracts. This virtual machine can be used by any device or computer connected to the Ethereum network to run the untrusted programs included in the Smart Contract. A Smart Contract validates the transaction when the requirement is met. The EVM is used in Smart Contracts to resolve difficulties utilizing Turing complete software. The Ethereum platform is used by blockchain developers to create decentralized applications. Because it has no delay, it’s ideal for storing objects that can’t be modified.

Reduced Transaction Fees

One of the many advantages of the Ethereum network is its reduced transaction fees. When compared to Bitcoin, the cost of transacting anywhere in the globe using Ethereum is far lower. To get started, all you’ll need is a decentralized wallet. Although Ethereum Gas prices can sometimes rise, sending money over this network is still easier. Furthermore, executing a transaction in the system takes 15-30 seconds on average, thus it is unquestionably the faster alternative.

Decentralized Application Development (DApps)

Another benefit of Ethereum is that it enables the creation of a decentralized platform. This blockchain platform allows developers to create a wide range of decentralized applications.

The majority of DApps run on the Ethereum blockchain technology. Despite the fact that there are several platforms for developing applications, none of them can match Ethereum’s open platform.

The Advantages of Developing Ethereum

Thanks to the Solidity scripting language and the Ethereum Virtual Machine, Ethereum provides an exceptionally flexible foundation for developing decentralized apps. Because of Ethereum’s maturity, a variety of developer tools have evolved, as well as well-established best practices that help developers of decentralized applications.

As a result, Ethereum applications provide a superior user experience, with wallets like MetaMask, Argent, and Rainbow providing simple interfaces for interacting with the Ethereum blockchain and smart contracts. With a wide range of decentralized applications, Ethereum solidified its position as a leading platform by appealing to its large user base. The Ethereum 2.0 protocol, which is currently in development and backward compatible, will allow for a more scalable network on which to build decentralized applications in the future that require higher transaction throughput.

DeFi Future with Ethereum Blockchain

The rise of Ethereum to its highest position begins with a look at Bitcoin’s history and current situation. With Ethereum, users could build smart contracts in a way that Bitcoin couldn’t, propelling Ethereum to its current position as the main blockchain for DeFi. The use of layer-2 scaling solutions such as Lightning Network, Portal, and DeFiChain has largely improved Bitcoin’s DeFi capabilities. Up-and-coming blockchains are putting a lot of pressure on Ethereum. 

Solana, Polkadot, and Algorand are some of Ethereum’s fierce competitors. Each one addresses Ethereum’s present problems. These up-and-coming protocols would be eager to take Ethereum’s spot as King of DeFi if the entire rollout of Eth2 is not executed effectively or continues to be delayed.

In 2021, Ethereum had extraordinary growth, increasing daily active users. It features real-world application use cases, with a total value locked in of Defi blockchain applications. Lending, derivatives, asset management, stablecoins, trading, and insurance are just a few of the services provided by decentralized applications on Ethereum. However, because of the blockchain’s growing popularity over the last several years, it has become a curse.

Concluding Note

The Ethereum platform, which is decentralized, is already opening up new possibilities. It has the ability to radically change the internet’s structure. The nicest feature is that the server will never go down, making the apps unavailable at any time. Several platforms on the Ethereum blockchain offer benefits to their users. BuzzShow Network is one of the most well-known platforms. The BuzzShow Network is a blockchain-based decentralized video platform. The Network’s users are rewarded with “Goldies,” an Ethereum-based platform-native ERC-20 utility currency. For uploading, curating, sharing, and viewing videos, users can earn Goldies. It was created with platform users in mind. BuzzShow Network is an excellent example of a user-centric social video media platform built on blockchain technology.

you can learn more about BuzzShow Network here.

Entertainment is very very important as our daily routines are very hectic. So, We need a break after a long, stressful day to relax our bodies and engage ourselves with something light, amusing, and entertaining to watch. Social video media networks are the quickest and simplest solution.

But if you are still not entertained with your regular video-sharing platforms. 

Then you need a hero, or you may say The Greatest Showman “BuzzShow Network”.

What Is BuzzShow Network?

BuzzShow Network is a decentralized social video-sharing platform built on blockchain technology.  There is a vast variety of videos of every category on the platform. Moreover, the platform rewards its users with “Goldies (GLDY)” for watching, sharing, curating, and uploading videos. “Goldies” is a network native utility token built on Ethereum technology.  Also, Goldies can be converted easily to ETH tokens and Polygon Matic

BuzzShow Network is a completely decentralized, secure, and user-friendly platform. The platform values each of its users and rewards them for their participation. It’s a new, decentralized approach to the online video industry that will give power back to the industry’s basic base of video curators, users, and creators.

The aim of BuzzShow Network is to prioritize the requirements of video content creators, curators, and consumers. This is the first fully built social video network that allows everyone to contribute to the platform, enjoy and earn money.

I should say that the BuzzShow Network is a good source of entertainment for you. There is no going back once you start using it.

How Is BuzzShow Network Different?

BuzzShow Network comes into the social video sharing industry with so many unique features. These features are user-centric and provide so many advantages to its users. Let’s discuss its unique features here that make it a game-changer in the video media industry.

Use of IPFS

BuzzShow Network implements IPFS (InterPlanetary File Sharing). With IPFS, BuzzShow Network enables online video storage. This eliminates the need for a centralized video control center. The videos are kept in a completely decentralized manner. As a result, any issues with connections in specific areas have no bearing on the rest of the files. The videos will also be divided into multiple segments, each of which will be cloned, guaranteeing that they may be recovered in the event of a problem. Moreover, content created will be protected at all times by giving a complete decentralized platform.

Decentralized Network

One of the base goals of BuzzShow Network is the complete decentralization of content distribution. Most video media platforms employ a centralized database, but BuzzShow Network eliminates the need for one. Furthermore, because the videos would be kept across multiple systems, they will be immune to DDOS and ransomware attacks. It’s also faster, more open, and more secure than centralized database-based video streaming solutions. BuzzShow Network benefits from blockchain technology since it makes the platform truly decentralized while drastically reducing bandwidth costs.

Unique Reward System

BuzzShow is the first blockchain-based video social network in the world that prioritizes content creators, curators, and consumers. The cryptocurrency “Goldies (GLDY),” a native utility token of the blockchain-based multiplatform, incentivizes video creation, curation, sharing, and viewing on BuzzShow Network. Members of the platform can make money by curating, sharing, and viewing videos in addition to creating content. As a result, it’s the largest blockchain-based social media video network on the market. Furthermore, it allows any component of the “food chain” to contribute and earn money on the multi-platform due to its unique “proof of contribution” incentive mechanism embedded into the platform. 

The Ethereum network underpins the ERC20 token Goldies. Tokenization of assets is possible on the Ethereum platform without the need for a separate blockchain, and smart contracts are employed on the ERC20 platform to assure transaction security. Polygon bridge introduces the cross-chain bridge with Plasma and PoS security to provide a trustless two-way transaction channel between Polygon and Ethereum. Users can now move tokens across Polygon without having to worry about third-party risks or market liquidity constraints. Micropayments can also be transmitted swiftly, in a matter of seconds, thanks to smart contracts. As a result, the platform can handle high transaction volumes. Goldies can be converted to ETH tokens and Polygon Matic. These tokens can then be traded for other cryptocurrencies or fiat currency on supported exchanges.

Revolutionize Revenue Distribution 

BuzzShow Network was committed to ensuring that revenue earned from advertisements and premium subscriptions was spread equitably along the “food chain,” including content creators, curators, marketers, and consumers, based on their engagement and popularity on the platform. Most other video-sharing platforms keep around half of the revenue from ads, similar to YouTube, which uses a 55-45 revenue-sharing percentage plan for top performers. Despite accomplishing the majority of the work, these systems expect content creators and curators to share the remaining minuscule percentage of the earnings. BuzzShow seeks to shake up the content development industry by giving everyone in the “food chain” a cut of the profits. Users do not have to pay to keep their channels up and running, unlike other video platforms. They have complete freedom to upload and share whatever they wish. Every user begins on the same level and with the same set of policies. Goldies can be redeemed for premium content on the platform. It’s getting closer to being the market leader in decentralized blockchain video social media.

Complete Control of Video Content

BuzzShow Network gives full control and transparency to content creators. Content creators can also sell access to their content, and if their work is of good quality, they can earn Goldies. Goldies can be redeemed for premium content on the platform. Advertisers will be able to directly pay content creators and curators to ensure that their commercials are seen in videos to the appropriate audiences. Advertisement placement with advertiser involvement is more effective than random placement without advertiser input.

Great User Experience

BuzzShow Network has achieved the goal of providing its users with a superb user experience. The user interface of the platform is extremely user-friendly. Users can easily search their favorite videos, keep full track of earned Goldies from different methods, and also have their own wallets. Users can also access BuzzShow Shorts, which allows them to upload or watch a range of short movies in real-time.

Moreover, the Video NFT marketplace from BuzzShow Network is about to launch. It’s a full-featured entertainment platform that guarantees a secure and pleasurable experience.

How Many Ways to Earn More Goldies?

Goldies (GLDY) is the network’s native utility token and can be earned by different actions performed on the platform. 1000 Goldies are equal to 1 GLDY. These are also enlisted on Probit and CoinTiger.

Users can earn Goldies by

• Watching or sharing a video.
• Every time the video is shared.
• When a curator adds a video to his channel. 
• When an ad is posted on your video. 
• Sharing personal referral links with friends and family
• Onboarding a youtube channel with the network

Pro Tip: users can increase their earnings exponentially by upgrading their free package to Bronze, Silver, or Gold. 

Concluding Note

Video streaming services are always the most interactive venues for users. And new initiatives always create a buzz in the industry.  In the video media industry, we know BuzzShow Network is a fervent believer in the fundamental ideals of the decentralized platform. And that is why it benefits each and every platform’s participant based on their contributions. Moreover, each link in the BuzzShow Network’s “food chain” will be compensated fairly. It is the platform of the future, and in the not-too-distant future, it will shine brightly. We expect a visually stunning graph of BuzzShow Network this year.

The use of blockchain technology is rapidly increasing and progressing. There are thousands of blockchain-based projects competing today, ten years after Bitcoin was born. There are some blockchain platforms that are virtually indistinguishable from core blockchain technology. 

In addition to using cryptographically signed, irreversible transactional records that are shared among all users, they also facilitate broadly distributed value exchange. All transaction records include a timestamp and references to previous transactions. It is a decentralized state transition engine that tracks digital asset life cycles and keeps track of transactions on an immutable distributed ledger. 

The hottest topic right now is comparing the features of various blockchain initiatives. However, there are variances in terms of performance, with scaling being one of the most important factors. So, which blockchain is the fastest and most efficient one? 

In this article, we will discuss some blockchain projects and their features.

SOLANA (SOL)

Solana is a decentralized crypto-computing platform that accepts payments in SOL. The aim of the platform is high transaction speeds without losing decentralization.

Solana is a cryptocurrency and a flexible framework for launching decentralized software (DAPPs)  ranging from Degenerate Apes to the Serum decentralized exchange similar to Ethereum or DEX. Its main novelty is speed, which is achieved through a combination of innovative technologies, including a consensus technique known as proof of history (PoH). Solana attempts to increase blockchain scalability by combining proof of stake and proof of history consensus. Solana can execute around 50,000 transactions per second.

Solana is so quick that traffic and fees are kept at an absolute minimum. According to the developers, high speeds and cheap prices would allow Solana to eventually compete with centralized payment processors like Visa.

The native cryptocurrency of Solana is SOL, which is utilized for transaction fees and staking. It also entitles owners to vote on future upgrades. SOL can be purchased and sold on exchanges like Coinbase.

The high speed of the Solana blockchain is one of the reasons why the coin rose so quickly in such a short time to enter the top ten largest cryptocurrencies list.

CARDANO (ADA)

Cardano is a proof-of-stake blockchain platform whose purpose is to empower the world’s changemakers, innovators, and dreamers to bring about a better world. Cardano was formed in 2017 and is named after Gerolamo Cardano, a 16th-century Italian polymath. The ADA token is named after Ada Lovelace, a 19th-century mathematician widely recognized as the world’s first computer programmer. 

Cardano is one of the most well-known blockchains to have successfully implemented a proof-of-stake consensus mechanism, which is less energy-intensive than Bitcoin’s proof-of-work method. As Ethereum is a larger network, the shift to PoS is quite a slow process. Cardano allows users to create and deploy smart contracts, enabling the creation of native decentralized apps (DApps) on the blockchain. Cardano is protected by the Ouroboros PoS protocol, which is environmentally sustainable and verifiably safe. ADA is the Cardano native token. The ADA token is meant to allow owners to participate in the network’s operation. As a result, holders of the cryptocurrency have the ability to vote on any proposed software updates.

Cardano’s blockchain speed is the slowest with a speed of roughly 250 TPS. It has a scaling protocol upgrade that increases its TPS to one million, making it faster, but it has to wait for the hydra upgrade before this happens. 

BuzzShow Goldies (GLDY)

BuzzShow Network is a decentralized reward-based social video-sharing platform built on blockchain technology. On the platform, there is a wide range of videos in every genre. BuzzShow Network gives “Goldies (GLDY)” – BuzzShow Coin to users that watch, share, curate, and create videos on the platform. Goldies (GLDY) – an ERC20 coin is a network native utility token based on Ethereum technology. Goldies may also be simply converted to ETH tokens and Polygon Matic. GLDY coin, which is based on a proof-of-contribution protocol, functions as a utility token with a full-cycle economic aspect that is well thought out.

On the Ethereum platform, asset tokenization is possible without the need for a separate blockchain, and smart contracts are used on the ERC20 platform to ensure transaction security. Polygon Bridge is also integrated, which is a cross-chain bridge that connects Polygon to Ethereum in a fully decentralized two-way transaction channel using Plasma and PoS security. When moving tokens across Polygon, users no longer have to worry about third-party risks or market liquidity constraints. Smart contracts allow for micropayments to be sent quickly, in a couple of seconds. As a result, the platform can manage large volumes of transactions.

BuzzShow Network is a P2P blockchain platform and generously pays all participants based on a sophisticated proof of contribution system incorporated into the network, without the drawbacks of legacy, centrally controlled social media platforms, such as lack of equitable income sharing, biased laws,  and invasion of privacy due to misuse of user data.

Furthermore, the platform integrates IPFS (InterPlanetary File Sharing) which enables online video storage. Additionally, the system’s decentralization will allow it to resist attacks like DDOS and ransomware, making it more open, faster, and safer.

BITGERT (BRISE) 

Bitgert BRC20 is a chain that debuted in mid-February. Bitgert is a crypto engineering organization that has built the fastest blockchain with a transaction speed of 100,000 transactions per second and a near-zero transaction fee. This is a fantastic speed that will entice everyone to use the Bitgert chain.

Bitgert has the fastest-growing ecosystem with projects spanning Defi, NFTs, Web3, & much more. Binance Smart Chain and Bitgert Chain both support Bitgert Coin.

This means Bitgert BRC20 has surpassed Solana, which had been the fastest chain at the longest period, with 65k TPS at the time. Furthermore, the Brise chain is the only blockchain with a gas fee mechanism of $0. The Bitgert BRC20 blockchain is that much powerful.

Conclusion:

By digging deep in the blockchain, BuzzShow Goldies ERC20 and  Bitgert BRC20 have overtaken all the blockchains. There is tough competition between these two. Both aim to benefit their users. So, go for what best suits you. It also depends on your requirements. Do your research as well.

We are all immersed in social media. We spend the entire day scrolling from one medium to the next. We have a lot of content such as photos, GIFs, movies,  boomerangs, and videos to choose from. We prefer videos over all other types of content because they are more interesting due to the addition of music, graphics, and animation. This offers us a clear picture of the situation as well as a clear picture of what we want. We also prefer video calls to connect with our loved ones.  Perhaps this is why we prefer films, and movies to still photographs. We also have a variety of platforms via which we can get our favorite videos. In the previous few years, these platforms have significantly improved. You now have a plethora of choices. You can not only view your favorite video clip, but also live events, workshops, celebrity live chit-chat sessions, and whatever else you like. You can now watch your favorite channel live whether it’s entertainment or news on the go. Do you think is this the only reason that video-sharing sites are so popular? In this article, we will discuss social video-sharing platforms.

Why Are Video Sharing Platforms So Popular?

Video content always increases engagement and receives more likes, comments, and shares than other sorts of material. It’s because posting videos on platforms is a simple process. Moreover,

• No verification or proof is required for videos to be posted on the Internet.
• A video can be watched again and again.
• Videos can be accessed on the internet whenever you want them.
• Videos are more fun to watch than reading an article or just watching an image.
• When you employ them, engagement rises.
• Extend your reach by connecting with a wider audience.
• By watching videos, you can gain a deeper understanding of something.
• Through videos, students are introduced to a diversity of languages and cultures.

In addition, stories that evoke memories of our own experiences have the greatest impact on us. This is why they feel so real because they’re more real than they used to be. It’s easy to get emotionally involved with a video.

What Are The Advantages Of  Video Sharing Platforms Over A Newspaper?

In the past newspapers were widely used for news, advertisements, job vacancies, and much more. With time, however, newspaper users switched to modern technology and the use of newspapers declined. A large reason for this is the ease with which news can be found and updated on a constant basis. Rapid dissemination of news and other information far and wide, even worldwide, is one obvious advantage. Moreover, videos clearly tell tales better than still images.  The video might be brief and to the point, grabbing viewers’ attention in a few seconds. In addition, the video’s content is designed in a way that information is reduced to a number of easily consumable parts that are long enough to hold the viewer’s attention yet short enough that the viewer is left wanting more. This results in more searching and more watching of content. Viewers are more likely to watch videos if the content is authentic.

What Are The Most Popular Video-Sharing Platforms?

There are so many different video-sharing platforms. Each platform gives different benefits to its users. Now social video sharing media is taken over by decentralized platforms. Here are some of the top centralized and decentralized video-sharing platforms.

Youtube

Youtube is the most popular centralized Google-owned online video sharing and social media network. It currently reigns supreme on the internet in terms of user and content. You may find videos in any category on it. You can select the video quality and leave comments, share, and like your favorite videos. Many content creators add their content to the platform and monetize it to earn from it. They must, however, adhere to YouTube’s severe rules and regulations. Furthermore, there are no incentives for viewers who quietly contribute to the platform’s success.

Vimeo

Vimeo is also a very popular centralized video sharing platform. Due to the fact that Vimeo was founded by filmmakers, it is very popular with artists. Everyone from video content creators and photographers to musicians and advertising agencies uses Vimeo. This application makes it simple for any professional, team, or organization to create, manage, and share high-quality videos.It has a great user interface and easily exceeds YouTube in terms of video quality (4K Ultra HD, to be specific), which can help content creators earn some extra cash. Vimeo is also free of advertisements and has a community of over 230 people who may comment on videos, subscribe to channels, and share them on social networks. Above all, you have ultimate control over your personal information. There are a variety of privacy choices accessible for sensitive information. Undoubtedly, one of the better video-sharing services out there.

Dailymotion

Dailymotion is a significant YouTube competitor that lets you watch videos online. This website allows you to download videos for later viewing. It allows you to arrange and categorize films based on their subjects and genres. It shares YouTube’s layout, user-friendly interface, search bar, and content categories. News, sports, music, and entertainment are all conveniently accessible. It also offers a video library where you may store and watch your favorite videos. Dailymotion’s high-quality videos are a major reason for its popularity. Users on Dailymotion can upload videos up to 4GB in size and in 1080p resolution, whereas YouTube compresses them. It also includes an HTML5 video player and speech algorithms to enhance the viewing experience. Dailymotion also provides you with a live-updated list of handpicked trending topics.

BuzzShow Network

BuzzShow Network is a renowned decentralized blockchain-based platform. When it comes to privacy then a decentralized platform takes the lead. BuzzShow network has a vast variety of videos on the platform and above all the platform rewards its users with “Goldies”, for watching, sharing, curating, and uploading videos. “Goldies (GLDY)” is a platform-native utility token built on the Ethereum blockchain. Goldies can be easily converted into ETH tokens and polygon Matic. Buzzshow Network integrated IPFS (InterPlanetary File Sharing) technology to ensure safe and secure user content. In addition, the platform ensures its users’ security, confidentiality, and freedom to share their part. BuzzShow Networks’ policies cover copyright and content breaches. Avoiding copyright infringement will encourage users to create more original content. It’s a user-friendly and user-centric platform. Users don’t need to watch ads before starting videos like on youtube. Users can also buy Goldies to increase the value of their rewards for each activity. BuzzShow is a superior video streaming network due to its reward-based system and decentralized approach.

LBRY 

LBRY is an open-source digital content-sharing platform. Movies, music, games, podcasts, books, and photos are among the network’s digital offerings. LBRY is a decentralized network that provides more than simply video sharing and streaming to its users, content creators, and customers. Users can create, share, upload, download, browse, and buy material on the network. Because there are no adverts while logging in, users can concentrate on their tasks.LBRY Credits (LBC) is a platform coin, which can be mined and traded. LBC awards are given to users who create accounts, watch, explore, invite, and follow, among other things.

DTube

Another interesting video network where viewers may earn cryptocurrency is DTube. It’s sort of like a decentralized YouTube. Users can earn cryptocurrency while watching videos on DTube. Publishers and content providers control their content since it is hosted on a decentralized network. When users sign in, they can link up to three accounts to their DTube account (standalone DTube account, Steemit, and Hive). The advantage of adopting DTube is that by simply submitting a video to their network, users can earn DTC, Steem, and Hive tokens all at once. If you don’t want to publish a video on DTube, you can use a third-party provider.

Wrapping Up

With the rising use of technology, traditional methods of entertainment and information are changing. Everything has been replaced by new technologies, which is a wonderful thing because technology makes our hectic lives easier and quenches our hunger for knowledge. Our new source of pleasure and knowledge is the video-sharing platform. We are all susceptible to it due to its accessibility, ease of access, and details. Undoubtedly, they have a lot of upgrades over newspapers.