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August 22, 2021, 12:39:48 AM |
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Why Script Blockchain?
Script blockchain is fast, secure, relilable blockchain technology which uses two layers of nodes to improve the privacy and security and robustness in the system, first layer is called validator which produces and proposes the block and second layer is lightning node which checks and approves the block for better security. Script blockchain ensures each level works perfectly to its respective tasks. With this technology we are able three nodes that secures speeds up the network. These are known as Validators, Lightning Nodes and Script Nodes.
Speed wise – its a fast blockchain with approx 1000 tps and with block time of 1-2 second.
PROS OF SCRIPT BLOCKCHAIN
fast
secure – multiple layers
privacy
rewards for users without any software downloading at all
ability to build content or film dApps to connect to the Script Television Network
Things we have worked on and completed over the last few weeks
script node compatibility for mac, ubuntu and windows os
Ensure that the Script Node (the Node that allows users to watch content and earn tokens for it), works well on all major operating systems. The UI has also been optimised for each respective system too
aws implementation for content partners for easy video integration
Because 100% of our content partners (for now anyway) are centralised, we use AWS to collect their content (through an AWS Bin) and then transfer it to IPFS (decentralised cloud). This is where the content is stored, on chain. We have built a process to allow implementation to be seamless and easy, alongside built a series of processes to ensure a traditional content or film company can join the network with no experience needed.
stake feature on wallets
This gives the option for users and investors to stake their SCPT tokens within our platform. This staking feature for SCPT tokens yields SPAY tokens through our protocol. The reward the user gets from the tokens depends on the activity on chain, so as the blockchain and the platform grows, the rewards will grow.
video ads integrated
Every 15 minutes, on every channel, there will be unskippable ads of 2 minutes long. This is integrated now through our Ads partner Spear Ad – for which we have advertising bundles and partners already pre agreed. We have ran tests on the platform to ensure the process is smooth and revenue wise, the numbers are estimated as planned.
mobile compatible wallet and explorer
Although we have not built out our mobile app yet, we have built out a mobile compatible wallet meaning users can use their mobile to watch, stake and earn on the go.
testnet tokens implementated
Have done full back end and testnet process and implementation to ensure the rewards on each block is as expected, alongside a smooth user experience and set up
Analytics added
Analytics for content owners and users. Find out key information about how much content you’ve watched, when you’ve watched it, how much you’ve earned and a range of other data points. In time, we expect to give more data to both users and content owners, especially the latter, as video platforms are known for giving minimal if not any information to content owners (as an example, Amazon and Netflix give nearly zero data to the content partners on how their content is doing). We aim to give industry defining analytics including what parts of their shows / films sees a spike in comments and reactions, alongside geographical data.
staking rewards added
Added the ability to early SPAY tokens on chain for the SCPT tokens that are staked
Testnet genesis block mined
Mined initial genesis block to test the launch of a blockchain, the security and the rewards to the users.
Content partner panel completed
Content partner panel gives full, clean access to content partners to view the films and tv shows they have on the network, what shows are being shown next that they own, and which are performing better than others etc. We aim to make this the most immersive content side platform for our partners.
Tv application completed in phase 1
TV application build in its initial stage – workable as a basic version – without UI/UX updated.
100k testnet block
Ran testnet to 100,000 transactions on chain (simulated), to ensure that at scale, the security and speed of the network will not be affected. Passed with flying colours.
Built out Script NFTs – Generative Cinema Tickets
Built out a part of our roadmap earlier than expected due to market activity and delays elsewhere. Script NFTs is a ‘super pass’ that brings a range of benefits including the ability to
Stake the pass for tokens
A free VR headset + access to all VR experiences on Script chain including experiences, films and events.
Access to exclusive film and tv studio NFTs within our platform
Get a % of block rewards from Script Blockchain, forever
Premium access to exclusive content on platform
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