How cryptos can boost streaming economy

There is no doubt that streaming has played a significant role in revolutionizing the Internet, but with the emergence of blockchain and crypto, the economy of streaming will only improve.

In the modern era, the most important technological innovation is undoubtedly the Internet.

The invention of the Internet has opened a wave of information sharing, prosperity and the removal of several barriers around the world.

There are obviously some negative aspects and other things that we can consider as demerits of the Internet. Some of these are the emergence of new types of criminal activity, intentional misinformation and other negative trends.

But the good of the Internet can easily dominate evil. If you consider the influence of the Internet now, the blockchain is another technology that some have begun to label as the trustless version of the Internet or, put simply, Internet 2.0.

While blockchain technology and Bitcoin Lifestyle cryptocurrency continue to grow, streaming on the Internet has continued to grow, allowing individuals to stream independently.

Obviously not something easily left out. There were times when there were limitations such as computer speed, network capacity and the inaccessibility of specialized equipment.

However, the progress of the Internet has led to an evolution that is now behind us, with bloggers and streamers becoming some of the most famous people on the Internet.

According to a university essay writing service, until a few years ago there were no social media, while today they are everywhere. This has led to some aspects related to the possibility for individuals to better monetize the streaming economy and make it grow even more.

Streaming in the blockchain

Several organizations have already taken the initiative to connect the blockchain, crypto, and streaming. Therefore, before we start talking about the future of streaming and crypto, it is appropriate to take a look at some of these organizations.

BitTorrent is already cultivating its reputation as an organization that can tokenize file sharing. It has introduced the blockchain so it can host live streaming events.

Audius is still fighting the accusations that it would host a large number of pirate material. However, it is similar to other startups that preceded it, such as Napster, with a platform based on blockchain to bring artists closer to the mainstream.

And then there is VideoCoin, which can help entertainers, artists and other creators with their blockchain-based platforms, allowing them to share content at low prices compared to traditional ones.

With the continued evolution of the Internet, moving into the future, we expect that streaming services and blockchain technology will be an important part and will play a huge role.

Earn money with streaming services

There are already financial mechanisms to compensate streamers. Once these mechanisms become controlled by a centralized body or entity, or there are conflicting opinions from individuals, there is a real risk of de-platforming. This is not an inconvenience or nuisance. It is the income of someone who risks being taken away simply because of diverging opinions.

In an article written by the best essay writing service, it was noted that no centralized body controls the cryptocurrency and blockchain. This is one of the reasons why it is preferable to compensate streaming services and streamers. This means that these two technologies can work together, but how?

First, the growth of content and streaming video creates an almost perfect path for the blockchain to improve the security behind streaming. This has been demonstrated in an exemplary way when there has been a sudden shift from face-to-face dating to online dating. Many of the streaming platforms that we now have do not have the level of security needed to safeguard meetings and conversations. But the very nature of blockchain was built to encrypt and protect information.

That is why at first it is not as unlikely as it seems the fact that it is used as a basis for new streaming services.

Secondly, the cryptos are divisible, as is well known from bitcoin. This means that it is possible, and makes sense, to have micropayments and other similar things. The good thing is that over the years there have been developments that have already stimulated blockchain technology in this direction.