RE: Spknetwork SIP: Potential To Eat Up A Lot Of Hive
You are viewing a single comment's thread:
Video is not on the ledger, only text. So there is nothing on the blockchain.
Posted Using LeoFinance Beta
0
0
0.000
So then the videos aren't actually decentralised, just linked to via text that is decentralised. Exactly as it is now on Hive. Struggling to see what's so different about this then, seems like more tokens for the sake of tokens.
The videos are going to be housed on different people's computers through the client. So you decide what you want to host and then be a part of the video storage.
For Hive, it is only text.
Videos right now, as far as I know, are on a centralized server that the 3Speak team is paying for.
If you think that then you really havent been paying attention.
Posted Using LeoFinance Beta
The videos are stored by miners on IPFS. The CID hashes from IPFS are stored on Hive in order to perform the PoA "random file access." Bot the videos and text are stored in a decentralized way which is incentivised by the speak network.
To further expand, in order to get a reward from mining on the Speak Network, you'll need to prove you have a random historical piece of the network downloaded. Fail/pass checks are performed on IPFS. Blockchain is used to reward miners with the SPK token. So the videos will need to be downloaded, or the miner does not get paid. It's using both IPFS and Blockchain combined into a fully autonomous system.