The team behind SingularDTV, a blockchain-based digital content distribution and management platform, is planning the launch of a decentralized system in which artists and digital content creators can build, monetize, protect and manage their creations using the blockchain technology.Based on the Ethereum network and the ConsenSys venture production studio, SingularDTV relies on a tokenized ecosystem using a local cryptocurrency called SNGLS to help artists and creators benefit from transparent media production and distribution.Essentially, the SingularDTV platform aims to construct a decentralized entertainment industry in which content creators have complete control over their creations and monetization methods.Its four core divisions — content creation & acquisition, documentary division, rights management platform and TVOD Brand/Portal — allow creators to display, distribute and produce films, television properties and music while protecting their copyrights in one single platform.

The SingularDTV team and its CEO Zach Lebeau believe that the platform will lead to the development of new monetization methods and will eliminate monopolistic distribution that inevitably lessens the profit of artists and filmmakers.1 bitcoin into inr“It [the platform] will give artists control over setting usage policies for their created content and pay them instantaneously when their content is watched, rather than having to participate in the monopolistic and obfuscated distribution machine of the legacy entertainment industry that ends up eating away at their potential profits,” Lebeau told Bitcoin Magazine in an interview.bitcoin kaufen cashJoseph Lubin, CTO of SingularDTV, further emphasized that artists and filmmakers will be able to maximize their earnings by eliminating the presence of third-party institutions or mediators like Netflix and YouTube to manage and distribute their content.jquery bitcoin api

The platform is gearing towards a consumer-to-creator network in which consumers may access the creator’s works without accessing an external application.litecoin mining pool 0 feeThrough the utilization of smart contracts, consumers will be able to make payments according to the indications of each smart contract of the creators.virus in bitcoin blockchain“A consumer will be able to navigate and catalogue and find something to watch and click on an appropriate usage policy to pay the artist instantly and directly for the content that we’re receiving and using,” said Lubin.litecoin shares per blockImportance of Ethereum and Local Tokens Before Ethereum was introduced to the digital currency industry, Lebeau and his team attempted to utilize the Bitcoin network and ecosystem to build the SingularDTV platform.ethereum coin mining hardware

However, Bitcoin’s lack of infrastructure made it difficult for developers to create applications using scalable frameworks.The Ethereum network, which is primarily based on smart contracts, has since allowed the SingularDTV team to create a decentralized and scalable platform with which they can integrate various applications to handle various operations.btc bitcointalk“The Ethereum blockchain represents the best possible potential to achieve the construction of a scalable decentralized entertainment industry.bitcoin vps anonymousWe believe the most innovative and progressive minds in blockchain tech are developing on Ethereum, which gives it long-term viability,” said Lebeau.More importantly, the Ethereum platform has enabled the SingularDTV team to create a localized token called SNGLS that is programmed with “the terms and conditions of SingularDTV and its intellectual property,” rather than simply using ETH, which is just the gas that fuels the Ethereum blockchain.

“We’re entering into the 'Age of Tokenized Ecosystems',” said Lebeau.“This is the beginning of a next great tech boom where trillions of dollars worth of real world assets will be decentralized and placed onto the blockchain in the coming years.SNGLS tokens are the decentralized representation of SingularDTV intellectual property — our film, TV and software projects.The tokens are the company and represent the CODE structure of SingularDTV.” Lebeau added that the details of the CODE structure were developed in partnership with ConsenSys and Swiss law firm MME, among the architects of the Ethereum Foundation, with assistance from legal innovator Luka Muller, who is at the forefront of the legal/tax structure for tokenized ecosystems.Exchanges Announced just now from Bithumb, Korea’s largest bitcoin and digital currency exchange is news that Ethereum Classic (ETC) is preparing to get listed starting next week.The announcement follows last week’s news of the exchange adding support for Litecoin (LTC).

Bithumb is not done though, stating “after Etherium Classic opens, another new coin will also be launched.” ETC has performed exceptionally well alongside Ethereum (ETH).Beginning 2017 at $1.50 USD to now $6.35 USD at the time of writing, ETC has increased by more than 300%.Ethereum Classic got a boost in price when Grayscale Investments announced the live launch of their ETC Investment Trust last month.According to an article published on Trustnodes today, Ethereum is now handling almost half the transaction volume of Bitcoin.That might not sound impressive but you have to consider the fact that Ethereum launched less than 2 years ago whereas Bitcoin is over 9 years old.The fact that Ethereum has been able to grow so rapidly in such a relatively short time has industry experts excited.Two Big Players The article on Trustnodes bases its assertion on data collected by blockchain.info and etherscan, which found that Bitcoin is currently handling around 220,000 transactions a day with a peak daily capacity of about 250,000 (Reddit user u/Savage_X was quick to point out that Bitcoin’s daily peak was actually around 320,000).

Ethereum, on the other hand, is now handling around 125,000 transactions per day.The gap between Bitcoin and Ethereum might still seem large, however, you not only have to consider the fact that Bitcoin has been around for over 4 times longer but also the fact that no other cryptocurrencies come even remotely close.The next 3 largest cryptocurrencies by volume are Litecoin, Dash, and Monero and they only handle about 4,000 transactions per day.The cryptocurrency market is clearly a two player game at this point.The primary reason why Ethereum has jumped up in transaction volume may be due to overflow from Bitcoin.According to the Trustnodes article, Bitcoin’s capacity is limited.Even though there may be a higher demand than 250,000 transactions per day, not everyone can have their transaction processed which leads to a traffic jam of sorts.As users on this Reddit thread have speculated, it’s possible that the backlog of unconfirmed transactions on Bitcoin is causing more people to turn to Ethereum for faster, more efficient, and, most importantly, cheaper processing.