China’s LiveDAO To Tap 5G Tech for Live Broadcasting

The project utilizes the brand new P2P live broadcast technology, which can be used in conjunction with 5G cellular network perfectly. Every 5G phone could become a streaming server so that the cost of the Live broadcast system and bandwidth can be reduced by up to 1/400.

110
ADVERTISEMENTSToken Agency
Blockchain Expo North America 2019
global

Share with:


China’s LiveDAO aims to build a secure and private Live system for live broadcasting, making all rules implemented in a truly fair and transparently manner – with an interesting caveat… using 5G.

advertisementToken Agency

The Mist

The project utilizes the brand new P2P live broadcast technology, which can be used in conjunction with 5G cellular network perfectly. Every 5G phone could become a streaming server so that the cost of the Live broadcast system and bandwidth can be reduced by up to 1/400. The Mist Node can become Normal streaming Node and utilize the PoNS (proof of network sharing) mining block. According to the rules, all activity of contributing bandwidth to the ecosystem can get a reward.

With this innovational P2P Live tech, the cost of Live operation reduces rapidly.

At present, the booming live broadcast industry gives prominence to chaos and problems, which is mainly reflected in the following fields:

    1. The content of Live is not “free” enough: For now, limited by privacy and security, the content of Live actually is not unrestrained enough. The monotonous content results in a variety of inferior and frequent eye-catching events.
    2. The high cost of Live operation: In the operating process of the live broadcast system and platform, the cost of server and bandwidth increase exponentially with the users increasing.
    3. The opaque of liquidation and settlement: 90% profit of live broadcast platform comes from gifts and rewards, while the authenticity of gifts, the transparent and fair of the settlement process cannot be guaranteed by the centralized platform. Some people are forced to change platforms but, they are only trapped by another platform.

The Cloud

The Cloud has an innovative decentralized Live system, A public chain which utilizes the BFT-DPOS consensus algorithm – LiveChain. The decentralised Live system is utilized for sharing the content safely while the LiveChain is utilized for rules implementation and assets circulation, both of them is utilized for every member in the ecosystem to ensure transparent rewards and punishments.

The decentralized Live system

LiveDAO completes the building and governing of decentralized Live system by LiveChain supernode. Composing The Mist normal streaming node to support bandwidth and streaming, the decentralized Live system could make the content more freedom.

The LiveChain

For achieving better governance and performance, LiveChain chose to utilize the BFT-DPOS consensus algorithm building the public chain. With 21 supernodes worldwide, LiveChain can carry millions of transactions per second, exempt transaction fee and registration costs, meanwhile executing complex smart-contracts in a decentralized way.

By LiveChain and Smart-contracts, make Live settlement and liquidation efficient, transparent and fairness.

The token – LIVE

LIVE is the token that reflects the right of LiveDAO ecosystem, with a total supply of 3 billion. 67% is used for mining, the others are used for team and ecosystem construction. The mined LIVE tokens can trade immediately. Others will be blocked continually and will be unlocked by community voting.

LIVE token is used for staking and consumption, for example: staking LIVE to get a right of broadcasting, get a Live Chain supernode application right and get the right of LiveChain supernode voting, and pay LIVE for products.

Organization infrastructure

The core team comes from LiveChain. Inc., founded in Nevada and listed on OTC Markets, and is responsible for constructing The Cloud. Another team from Ukraine’s L2L studio is responsible for constructing The Mist.

LiveDAO will have a merger and acquisition of ecosystem-valuable institutions (such as ITs, CPs, Celebrity Incubator, etc.), the M&A funds come from LiveChainHolding, which scheduled to be listed on NYSE in December 2019.

LiveDAO is a community that gathers participants of decentralized Live system. Through using the technical achievements form LiveChain, Inc., Live fans around the world are constantly take part in the community. Since May 2019, the community grew rapidly, and the LiveChain is scheduled to release at the end of this year.

This article is protected by international copyright laws and is owned by Blockchain News.

Share with:


About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website
View All Articles

Also published on Medium.

advertisements
Blockchain Partners


Token Agency
global
Tymlez
Blockchain Expo North America 2019