Contentos is a platform and blockchain protocol aiming to create a decentralized digital content ecosystem. Contentos allows people to produce content that is freely distributed, rewarded or traded and protects author rights thanks to blockchain technology.
Contentos incentivizes content creation because it allows content creators to earn revenue in a decentralized way without the need of third-parties, which means the content will reach consumers and advertisers directly. This ecosystem creates fair prices as they are directly traded between advertisers and creators.
Contentos ecosystem counts with some of the top content creators in the world like ‘BigDawsTv’ with almost 5 million subscribers or Joey Salads with 2.2 million and it has been seen on big news media like Yahoo Finance or MarketWatch. Contentos is also proud to be partnered with Binance Chain, Nebulas and many other notable platforms.
Contentos has an MVP called cos.tv, this is where content creators can upload their creations. The revenue distributed by contents is fair, the platform will not take substantial fee cuts for no reason like most of the other content platforms out there. The contentos platform allows content creators to fully own their creations, copyright protection is 100% guaranteed since the blockchain is immutable.
Users will be in control of the traffic, meaning that users will be able to share or promote their content only to the proper audience since they are the ones choosing. Users will also be responsible for their credit score which is based on their contributions.
The Contentos ecosystem has more than 3 million videos uploaded already and around 159 million live streams broadcasted until today. Contentos also allows DApps to be integrated into the platform, a few are already available like the ‘Photogrid’ a popular photo-editing Dapp.
Technical Specifications
Contentos has developed a new consensus algorithm called the saBFT consensus protocol. It is similar to the DPoS consensus algorithm but it also adopts BFT to achieve a faster block confirmation.
The block generation process is exactly like in the DPoS system where a validator takes turns to produce 10 blocks in a row while each block is generated every second.
This system allows forks as the longest chain is the one considered to be the main one, meaning that if another chain outgrows the main chain at the time a fork will take place, the ‘SwitchFork’ activates and finds the common ancestor of the two branches and pops off all the blocks on the main chain and pastes them on the new longer chain.
One of the biggest improvements by the saBFT’s system is the fact that a validator can generate blocks all the time without depending on previous validators.
Another amazing feature developed by Contentos is the ability to verify, trade and store different digital property rights using their Contentos Protocol. This protocol enables easy access to copyright information and facilitates trades as they will be recorded forever on the blockchain.
The blockchain also allows other features to be implemented like the ‘User credibility system’ where users will be evaluated and held accountable for their behavior and actions. This is done by other companies, however, using blockchain technology, the information about user credibility will be recorded forever and it’s also irreversible.
Users will also be allowed to purchase the ownership of content they like if the creators want to. This will help creators obtain larger instantaneous rewards while the users purchasing the content ownership will benefit from the subsequent income earned by the content they just purchased.
Community operators can earn rewards by flagging inappropriate content but they can also classify the content so it can be more accurate.
The Contentos ecosystem works because everyone is incentivized to behave properly, everyone can be rewarded if they are helpful or punished if they are not.
Block Producers
Block Producers are in charge of producing blocks for the Contentos ecosystem as well as discussing the account creation fees, voting quote, determine system upgrades and more.
Block Producers are heavily rewarded by the Contentos ecosystem in the form of 15% of the VESTS. To get voting power, users in the Contentos ecosystem need to stake their Contentos tokens and transfer them to ‘VESTS’. The more VESTS a user has, the more influence he has over the system.
According to Contentos, the expected fixed reward for block producers is 640,000 ‘COS’ (Contentos coin) per year.
Block Producers are also rewarded from the COS collected on the DApp Jump-start reward scheme. There are a ton of benefits offered to become a Block Producer but there are also some requirements that can also be found here.
Rewards are distributed based on the quality of the content produced, this is only determined by the community. Additionally, developers that have created DApps for the Contentos Ecosystem will also be rewarded. The block producers are rewarded with 30% of the supply allocated for the ecosystem operations.
These tokens will be released fully in 12 years with a release schedule that is incremented linearly every year.
The initial investment a block producer has to make can be high, however, the expected returns are certainly worth it.
For more information
Website: https://www.contentos.io/
Medium: https://medium.com/contentos-io
Twitter: https://twitter.com/contentosio
Telegram: https://t.me/ContentosGlobal