Name : Joystream (JOY)
JOY Price : $0.01400 +0.15%
Consensus Mechanism : Proof of Stake
Volume: 198,842
Market Cap: 12,165,745
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Last Screening: Q2 2024
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Overview
Joystream (JOY) stands as a pioneering decentralized video platform, aiming to transform user-generated content creation, distribution, and monetization. Built upon a custom blockchain, Joystream allows users to own and operate their video streaming services, utilizing a consensus mechanism called Nominated Proof of Stake (PoS) and a BFT protocol called GRANDPA for security and deterministic finality. The platform offers features such as content storage, delivery, social interactions, governance, and asset management, facilitated by JOY tokens. Content moderation is decentralized, and applications within Joystream can tailor content policies to specific user bases. Joystream incentivizes participation through various token rewards for validators, creators, and application operators, fostering innovation and diversity within its ecosystem. Open-source tools like Atlas and Orion empower developers to build new applications and video communities, further driving growth and engagement within Joystream.
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