What is DTube? How does it work?

Bitcoin and cryptocurrencies are the buzzwords of 2019. After the Cambridge Analytica scandal made headlines, DApps are being developed on blockchain-based mainnets for ensuring data privacy. The biggest social media app is Steemit, which went viral within months of its creation. There is now a DApp alternative for YouTube and it is called DTube. DTube has been gaining popularity since its launch.

In this article, we’ll learn more about DTube and find out how it works.

What is DTube?
DTube or decentralized tube is a content posting platform for creators to engage with their audience. Reddit users find it easy to navigate through the platform and viewers can watch, comment and also VOTE for their favorite videos. If a video is getting votes it is rewarded in the form of tokens like STEEM.

How is it different from YouTube?
DTube looks like YouTube and has a similar interface. But there are several ways in which the platform differs from YouTube. Since DTube is made on the blockchain, just like Bitcoin, it is secure, decentralized and transparent. The data uploaded by creators cannot be removed or edited after uploading. However, unlike YouTube, there are no ads on DTube. It doesn’t matter which geographical location you are in, there is no central authority controlling it. On YouTube, only a bunch of creators can make money through the monetization program. But on DTube, creators and watchers both earn rewards in tokens that can be exchanged in the open market.

Where are the videos stored?
What makes DTube different from other blockchain-based social media is that #DTube videos are not uploaded onto the blockchain. Rather than the video, a link to the video is stored on the blockchain. The actual video file, in the .mp4 format, is stored using IPFS. IPFS is a decentralized protocol that follows “Distributed Hash Tables (DHT)”. This hash is basically the identity of the record, and it is so easy to repeat data and ensure that the hashes match to ensure that the file sent to us is the original.

How much can users earn on DTube?
On YouTube content creators get paid for the number of views that they have and the higher the number of views and subscribers, the higher the earnings. But on DTube, people upvote your videos and you are rewarded with STEEM and STEEM POWER based on the popularity of your videos. There are accounts that have earned well over $100 in STEEM based on the activity on their post. The value of votes also depends on the voter with most beginner accounts worth $0.001 votes and whale votes upwards to several hundred dollars. However, a video can be monetized only for 7 days. DTube’s visitors are multiplying every month and its popularity is increasing every day.

DTube is out to revolutionize the way the content industry works and it’s a great platform to earn while watching or creating content. The platform has an avid set of content creators trying innovative new approaches.

DTube is crowdfunding
DTube is currently crowdfunding their first round token sale for DTC. Purchase gives you automatic access into the mainnet when it launches and the DTC will be in your account.





Disclaimer
Content provided by CryptoTraderNews is for informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. All information is of a general nature. As always, there is risk with any investment. In exchange for using our products and services, you agree not to hold CryptoTraderNews Pro, its affiliates, or any third party service provider liable for any possible claim for damages arising from decisions you make based on information made available to you through our services.