INTRODUCTION
The online video steaming network is largely growing day by day and there is a lot of money in circulation,a lot of video creators are out there contributing valuable content to the online video audience in hopes of making a real fortune out of it.
They spend a whole lot of time in creating these content and host forced advertisment on their viewers as that seem to be the only viable way of making money through their video channels,also they don't get the full payment for neither their content nor the revenue from advertisement.
A small fragment of the revenue is been shared with the content creators and even worse enough,the viewers basically get nothing in exchange of their data and time been spent in watching ads.
The intermediaries in the video sharing platform and owners(shareholders) are the ones that take majority of the revenue generated,this system is not fair at all and that is where verasity comes in to change this old generation technology and online video sharing mechanism through the use of the verasity blockchain and ecosystem.
WHAT IS VERASITY?
Verasity is the next generation online video sharing platform that is designed to reward content creators adequately for their exclusive contents and make sure that viewers also get paid for providing their attention to content creators and advertisers,other users of the verasity ecosystem such as veraspark holders and advertisers are also guaranteed to benefit fairly from the platform.
WHY VERASITY?
By now, you guys should be able to answer this question but for clarity sake and to make you see more reason why verasity is an amazing next generation technology that will revolutionise the world,I will go further to give you some reasons why:
FAIRNESS TO ALL PARTIES
verasity is the next generation online video sharing platform that is fair for all its users,through verasity all the parties in its ecosystem that makes the system exist and function appropriately are duly compensated adequately based on their input into the ecosystem.
DPOS CONSENSUS
This is also in support of the above mentioned point,verasity adopts the dpos consensus mechanism which depicts that users of the verasity platform get to elect verifiers(representatives who creates and confirm blocks on the verasity blockchain and make some decisions for the entire community)
This indirectly means verasity is decentralized in the sense that power does not belong to any government or central body but rather verifiers which can be voted in or out at any time,it also entails that the network is self sufficient and guarantees to some meaningful extent a fast transactional system.
PROOF OF VIEW MECHANISM
The verasity ecosystem works based on the Pov mechanism which simply depicts that for paying attention and dedicating time to viewing videos online,you get rewarded,the pov mechanism is also built in such a way that it is almost impossible to cheat and rape the system,you can read more about this aspect on pages 22 and 23 of the whitepaper.
EXISTENCE OF VERASPARKS AND SPARK MARKETPLACE
The existence of these 2 variables will really go a long way in spicing things up for the verasity ecosystem,through the use of verasparks video creators can generate adequate funding for the establishment of their video channels through organising a veraspark initial sale which can be easily done in the spark marketplace.
Strategic investors might now do research and find out which verasparks have great potential and invest in them,by doing that they are being given verasparks to hold as a form of part ownership of the veraspark channel.
These verasparks also make investors liable to part profit that is generated from the channel according to the number of verasparks the investor possesses at a given period of time
Moreso,both investors and channel owners can make even more money through verasparks by holding it and enabling it to appreciate due to market forces as well as providing valuable content on the channel to ensure that the verasparks can hold meaningful value of existence.
However,veraspark holders might decide at any point in time to sell their verasparks or even buy more in the spark marketplace, this incentive will ensure that channel owners will try to create the best of quality content to maintain a good reputation and give their sparks long term meaningful value.
CONCLUSION
Verasity is a world changing video sharing platform that is based on meaningful value and self sustainable mechanisms,it is the perfect technology required to revolutionise the way videos are been shared and also the way participants are been compensated.
DISCLAIMER
Everything been written and illustrated in this article is purely my opinion about the verasity.io platform in accordance with information available at my disposal from the verasity foundation and whitepaper,I am not a professional financial advisor and thus you should invest only after you must have done your due diligent research with utmost care.
For more details and information,you can refer to these relevant links
Website - https://verasity.io/
Medium - https://medium.com/@verasity
Reddit - https://www.reddit.com/r/Verasity/
Bitcointalk - https://bitcointalk.org/index.php?topic=3208145.0
Steemit - https://steemit.com/@verasitytech
Facebook - https://www.facebook.com/verasitytech
YouTube - https://youtube.com/channel/UCKtqeA8hvWYeTfuyjFJTNww
Twitter - https://twitter.com/verasitytech
LinkedIn - https://www.linkedin.com/company/verasity/
Whitepaper - https://verasity.io/documents/verasity_whitepaper_eng.pdf
Token sale proposal - https://verasity.io/documents/verasity_token_sale_proposal.pdf