- Contentos is a decentralized digital content network built on the blockchain. Mick Tsai launched the initiative, which has garnered $31 million in private token sales.
- To achieve quick consensus, Contentos employs a self-adaptive Byzantine Fault Tolerance (saBFT) technique.
- Contentos is seeking to create a decentralized digital content community in which material may be freely generated, disseminated, rewarded, and exchanged while author rights are protected.
- COS is the Contentos blockchain’s native asset, and it’s used to vote, pay gas fees for smart-contract execution, and pay basic transaction fees.
What is COS (Contentos)?
Contentos is developing a decentralized content ecosystem based on blockchain technology. Contentos’ mission is to create a “decentralized digital content community where material may be freely generated, disseminated, rewarded, and exchanged while author rights are protected.” Contentos aims to encourage content development and worldwide variety while also returning content rights and value to users. Contentos aspires to be a public content protocol that not only transports material and advertising revenue, but also serves as a memory chain for each user’s contributions.
Features of Contentos:
- Peer-to-peer income sharing: Contentos offers open and transparent payment mechanisms between content providers, marketers, and viewers, allowing for peer-to-peer income sharing. Blockchain transactions may be used to monitor tokens used as subscription fees, gifts, or sponsorships. Contentos will also provide a smart contract template for content monetization automation.
- Decentralized traffic distribution: The Contentos blockchain is meant to allow content distribution without the need for a platform. The built-in ecological incentive encourages content providers to improve their work, viewers to engage with material they like, and the community and dApp developers to devise the most effective approach for delivering favorable content to the appropriate audience.
- Trackable copyright transactions: Contentos blockchain will offer rapid and complete access to copyright information by verifying, trading, and storing non-physical property rights. On the blockchain, trade flows and derivative works will be forever recorded. Content producers will register their copyright and submit validated and traceable original content assertions with time stamps.
- Immutable credit system: user interactions in the Contentos ecosystem are logged on the blockchain and can’t be tampered with. Only by displaying good and trustworthy actions can users enhance their credit ratings, making them eligible for ecological benefits and improving their trustworthiness. As a result, the users work together to create a dependable, self-sustaining review system.
The following are some of the highlights:
- Content industry-optimized public chain: Contentos created saBFT, or self-adaptive Byzantine Fault Tolerance, a consensus technique that permits low-fee transactions and fast block confirmation time, to better accommodate the vast interactions of the content community.
- Ecological reward model based on data: the built-in ecological reward model promotes beneficial ecosystem contributions. To prevent difficulties like incentives being controlled by senior users with high quantities of tokens, Contentos is presently creating its reward model based on real data obtained from testnet integrations.
- Open platform: Contentos is an open platform that has been aggressively reaching out to dApps on several blockchains. Contentos was able to bring non-crypto people to the blockchain world and start utilizing the partnered dApps thanks to partnerships with established dApps like PhotoGrid and LiveMe. Contentos’ open platform, which includes account and token integration, is aimed at assisting the whole blockchain sector.
Overview of the COS token and its applications
COS is the Contentos ecosystem’s native utility token. Its applications include the following:
- Voting and election: Anyone may vote in a block producer election by staking COS.
- Gas fee: For smart-contract executions on the Contentos platform, all users get a specific amount of “energy” (gas). When the default “energy” runs out, however, users must stake COS to get “energy.”
- Transactions: COS may be used to settle content-related microtransactions such as content subscriptions and donations. COS may be used to settle any business transaction, such as payment for advertising between the advertiser and the influencer.