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Jsgenesis is developing Joystream, a user-governed, blockchain-based video platform designed to revolutionize the media landscape. Built on the Substrate framework, this open-source project focuses on addressing censorship and unfair revenue distribution issues prevalent in traditional media platforms by incentivizing participants as content creators, curators, or validators. Joystream's native blockchain ensures scalability, security, and a transparent, decentralized governance structure, allowing stakeholders to guide the platform's future direction. With a commitment to privacy, open source values, and distributed systems, the diverse Jsgenesis team aims to empower a global community by providing an accountable, forkable alternative to conventional content platforms. Once a robust community and fully operational platform are realized, Jsgenesis plans to transition complete control to the users, ensuring Joystream remains a community-driven project. This approach aligns with the ethos of the web3 and blockchain ecosystem, which emphasizes user empowerment, decentralization, and innovation.
Jsgenesis is developing Joystream, a user-governed, blockchain-based video platform designed to revolutionize the media landscape. Built on the Substrate framework, this open-source project focuses on addressing censorship and unfair revenue distribution issues prevalent in traditional media platforms by incentivizing participants as content creators, curators, or validators. Joystream's native blockchain ensures scalability, security, and a transparent, decentralized governance structure, allowing stakeholders to guide the platform's future direction. With a commitment to privacy, open source values, and distributed systems, the diverse Jsgenesis team aims to empower a global community by providing an accountable, forkable alternative to conventional content platforms. Once a robust community and fully operational platform are realized, Jsgenesis plans to transition complete control to the users, ensuring Joystream remains a community-driven project. This approach aligns with the ethos of the web3 and blockchain ecosystem, which emphasizes user empowerment, decentralization, and innovation.
Jsgenesis aims to create Joystream, an open-source, decentralized video platform governed by its users. By leveraging blockchain technology, the platform provides a solution to issues like censorship and unfair revenue sharing, commonly seen in traditional media platforms. Utilizing a native blockchain built with the Substrate framework, Joystream ensures high scalability and transparency through its decentralized governance model.
Joystream distinguishes itself from traditional video platforms by being user-governed and operating on a blockchain framework. This enables transparency, security, and community-driven decision-making. Through its unique incentive model, users can earn rewards for their contributions as content creators, curators, or validators, thus addressing issues like censorship and unjust revenue distribution found in conventional platforms.
Joystream is built on its native blockchain using the Substrate framework. This technology provides the platform with high customizability and scalability. The use of blockchain ensures increased transparency and security, allowing for a decentralized governance structure where stakeholders are directly involved in the platform's development and management.
Participants of the Joystream ecosystem benefit through a reward system for their contributions, be it content creation, curation, or validation. This incentivizes active engagement and ensures a fair distribution of revenue, unlike traditional media platforms. Additionally, users partake in the platform's governance, contributing to decision-making processes, which promotes a transparent and collaborative community environment.
Joystream ensures transparency and security by leveraging blockchain technology for its operations. The decentralized governance structure allows stakeholders to have a direct influence on decision-making processes, reducing the risk of concentrated control and censorship. Transactions and activities on the platform are recorded transparently on the blockchain, providing accountability and minimizing potential security threats.
The community plays a central role in the future of Joystream as the platform is designed to be entirely governed and operated by its users. After developing a functioning open-source product, Jsgenesis intends to step back, transferring full control to the community. Through the on-chain governance model, users will make crucial decisions regarding platform policies, developments, and strategies, driving the project's evolution.
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