Streamium Borrows from Bitcoin to Create Decentralized Video Streaming Service
A group of veteran developers recently harnessed the Bitcoin technology to create Streamium, a decentralized pay-as-you-go video streaming platform. So often it happens that the viewers leave the paid video streaming in midway. It subsequently ends up divesting the broadcaster from being paid - even for the part that was consumed by the viewer. They [the broadcasters] therefore choose to operate via trusted companies, such as Netflix, that offer marketing, streaming and payment services - all at the same time. The core focus of Streamium, on the other hand, is to create trust between two....
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Streamium's new technology will challenge streaming services such as Livestream - at least that's what the Streamium team believes. By offering streaming in a decentralized and trustless manner, Streamium could be content producers way of getting paid in real time. The Streamium team envisions Streamium as a decentralized trustless video streaming platform, allowing audiences and publishers to work together in a pay-as-you-go model. Streamium wants to empower teachers, coaches, performers, sportsmen and gamers to connect with other people online and broadcast their services or experiences....
Streamium.io is definitely one of the most exciting creations to come out the Bitcoin community lately. Twitter was taken by storm upon its launch it seems, with praises for its decentralized realtime streaming video service; a service that gives Meerkat and Periscope a run for their money. It wasn’t but a few weeks ago the tech media outlets were abuzz over Meerkat and Periscope and their possibilities for disrupting realtime hyper-local streaming from mobile devices. “Finally, a super quick and simple method for video sharing”, they exclaimed. The arguments raged for weeks in the media....
The launch of Streamium was announced via Reddit yesterday. The new application from Manuel Aráoz and company was created to build a direct connection between video streamers and their viewers. Video streaming is dealt with on a peer-to-peer (P2P) basis via WebRTC, and payments for viewing a stream are made possible through the use of bitcoin and payment channels. A stream of small, off-chain payments are made to the broadcaster every second as the viewer continues to watch a stream, and all of those micropayments are then combined into one larger payment that is made via the bitcoin....
One of the major disadvantages associated with centralized services is how they can enforce exclusivity rules in certain cases. With the “war of game streamers” heating up between Twitch and Youtube, exclusivity deals are already being forced upon partners. Depending on whether or not individual streamers have monetized their game streaming, these decisions might be a determining factor. If only there were a decentralized solution to tackle this problem. Over the past few years, the Twitch platform has become synonymous with live game streaming and even watching live e-sports events around....
The recent news about the crackdown on Silk Road 2.0 are a reminder that, as long as Web services depend on central servers, they can be shut down by Big Government and Big Capital anytime. It's evident that we need decentralized, distributed services without central single point failures. Popcorn Time, the BitTorrent video streaming service, has taken a small step along the distributed way. Popcorn Time is an open source BitTorrent client that includes a media player. The program is intended as a free alternative to subscription-based video streaming services such as Netflix. Strictly....