Contentos is a project that has received a lot of attention recently and is growing as the COS Coin trading volume breaks new records.
This is another blockchain-based project trying to develop a fairer decentralized alternative for content creators. This project is no longer just a concept when many Streamers and Youtubers have joined.
However, the usefulness of this project is still a question, let's find the answer with Finnews24.com in this article. Besides, the article will also provide information about what COS coin is , a coin developed to support the project.
What is COS coin?
What is COS coin? This is the digital token of the Contentos ecosystem. It is commonly used in all content ecosystem DAPPs. The total amount is 10 billion. The initial distribution plan is as follows, of which 4 billion belongs to ecological mining.
According to the information on the official website, COS will be able to obtain legal currency through future transactions.
Details of COS . coin
Some official trading information of Contestos token as of 2019:
COS . Token Allocation
On the market today Costentos or COS is known as Costentos token whose main function is to reward and pay contributors and users.
Besides, the amount of tokens that will be mined through bonus payment activities increases every year (according to Contentos). In addition, tokens are also allocated according to the following amount.
What is Contentos?
Contentos is aiming to change the digital content industry and bring fairness to content creators by developing its decentralized video and content platform on blockchain technology.
The development team wanted to empower creators and give them the means to digitally document their lives, maintaining complete ownership and control.
The Contentos platform was developed to ensure an orderly environment for content producers that is both open and fair, and to enable distribution, promotion, rights protection, and production-centric transactions. global content.
Contentos Ecosystem
The Contentos blockchain is specifically tailored to address the needs of the content industry, and the goal is to provide instant and zero-fee transaction confirmations through a self-adapting Byzantine Fault Tolerant (saBFT) consensus mechanism. response.
This will make the content platform suitable for the high frequency interactions that are common in the content creation community.
Contentos is well on its way to realizing its vision, with the public testnet going live this past March 2019 and the mainnet scheduled to launch in September 2019. Real users are being transferred gradual exchange to the network to verify the carrying capacity of the users and the network's reward mechanism ecosystem.
The Contentos platform has been built with three critical infrastructures based on the system requirements the developers envisioned:
A decentralized digital system for distributed storage of content and the creation of a decentralized content agreement with creators. This will allow content creators to directly benefit from advertisers and viewers without accessing a centralized platform channel.
The financial system to facilitate the transactions and storage of digital assets as well as the generation of encrypted tokens that will be used for all transactions in the platform such as buying and giving away, advertising , cross-platform payments and any other financial transactions. Furthermore, all transactions can be completed through the use of smart contracts to free users from the need for third-party intermediaries.
The creation of a social network unites all its users through the creation, distribution and dissemination of content, and encourages creativity through the use of a reward system. At the same time, combining this with a credit rating system makes each user accountable for their actions on the platform, thus creating order in the community.
The way the Contentos platform works currently has a number of roles that users can apply, including content producer, content distributor, bookkeeper, technical developer, and publisher. social governance. Users can perform more than one role on the platform and enjoy equal rights to each role and to each node in the network.
Contentos Vs. Centralized system
With the development of blockchain technology, it is possible to re-examine the business model of centralized platforms. This helped the Contentos team realize that current content platforms are suffering from three major bottlenecks.
Let's take an in-depth look at each of these, shall we?
Unfair distribution of revenue
The entire industry suffers from an unequal and unfair distribution of revenue. Despite the fact that the most important part of any content delivery platform is the content creators themselves, current models do not address this issue correctly.
Current centralized platforms have two obvious problems: Creators are often on the margins of the industry and cannot interact directly with consumers and advertisers. Because of this most of the value in their creations is extracted by the centralized platform and its associated payment channels.
Second, the distribution of traffic on centralized platforms is ambiguous, and since traffic distribution decisions are based on revenue, producers on those platforms will often cater to the platform. just for the sake of traffic. This makes it difficult, if not impossible, for new producers and creators to gain traction in the absence of traffic.
The way the two interact shows that the centralized content industry is tending to lead to consistent content quality. All this prevents users from getting the content they really want, instead, they have to settle for the content advertised by the platform. Contentos plans to solve this problem with a decentralized traffic and revenue distribution system.
Traffic distribution on Contentos is designed to be decentralized and works on its own according to the video's description and label. Artificial intelligence is used to personalize content delivery based on user preferences.
Content distribution can be made more precise by identifying the target audience, or distribution can be determined spontaneously through comments, consents, etc.
With prices calculated through an open formula and written indelibly on the blockchain, everything is maintained as fair and equal for creators, users, advertisers and all other participants.
Intellectual property rights
In today's centralized content creation and distribution platforms, it is common for users' rights to be violated, as it is often difficult to determine exactly who holds the rights to digital content.
The large amount of content posted to the internet on a daily basis has created this problem, partly due to the fact that each platform is independent and separate from all the others. Add to that the extremely complex transactions that can happen online, and it is increasingly difficult to determine who the ultimate copyright holder of the content is.
There is also difficulty in enforcing penalties, all of which lead to piracy and frequent disputes. Contentos can solve this problem through the indelible nature of blockchain.
With a secure and trusted blockchain, content creators can easily register their original works and be completely clear about the origin and copyright of any content added to the platform. Any secondary content creation and sharing is fully and indelibly recorded on the blockchain.
Lack of transparency
Content creators on centralized platforms often have to worry about widespread abuse due to the useless credit systems on these platforms. This happens because all comments, favors and other data on centralized platforms are not transparent and public.
Users on these platforms need not worry about accountability and can make any comments they like, even if they are untrue, malicious, or violent. Contentos plans to address this through the addition of an unmetered credit system. By using blockchain technology, everything on the platform is recorded and cannot be tampered with.
That means everything a user does on the platform is transparent and remains on the blockchain forever. Users who abuse the system or others may see their credit drop, and only through honest, positive behaviors can users upgrade their credit rating. This is recommended as a higher credit rating also leads to higher reliability on the platform and increased revenue.
By placing revenue closely with users' credit ratings, they are more incentivized to act positively. This will lead to an orderly review system, with a healthy and transparent ecosystem.
Contentos technology
Contentos has introduced Self-adaptive Byzantine Fault into the Delegated Proof of Stake (DPoS) consensus, resulting in improved network speed and lower costs. In addition, the Contentos system provides JSON RPC-based interface services and supports front-end applications accessed using HTTP, HTTPS, or Web sockets.
Contentos Architecture
Contentos' technical architecture has three layers; protocol layer, service layer, and application layer. The protocol layer is based on STEEM, but with the addition of IPFS and interchain, this has increased the properties for side chains.
The service layer uses artificial intelligence auditing combined with blockchain to incentivize users to perform content audits. The application layer provides pre-packaged APIs to speed up development and help grow the Contentos community.
Contentos . Consensus
As mentioned above, Contentos uses a BFT-based consensus algorithm called saBFT. This mechanism actually uses three different consensus models; linear, real-time and hybrid. It supports atomic swaps and can be customized to use intelligent dynamic selection.
In this mode, the intelligent algorithm based on the network's hash rate, pending transaction volume, and other factors helps to choose the appropriate consensus model.
COS . token
Contentos held its ICO from May 25, 2019 to June 10, 2019 and sold 3 billion out of 10 billion COS tokens.
The sale price at the ICO was $0.016 and the team raised a total of over $30 million. The current COS tokens are ERC-20 tokens, however, when the mainnet launches these ERC-20 COS tokens will need to be redeemed for native COS tokens.
The price of the tokens rose immediately after the ICO and peaked at $0.085396 on July 8, 2019. But then the price quickly dropped and COS reached an all-time low of 0, 015776$ on 24/7/2019.
Since that time, the price has recovered somewhat to $0.032069 since August 16, 2019.
Buy & Store COS Coin
Binance
Currently, the only exchange that lists COS is Binance. This means that the token faces major exchange risk from a liquidity perspective. If ever there was a situation where token trading stopped working on Binance, there would be nowhere to trade tokens.
Having said that, since it is based on the Binance chain, it is unlikely to drop trades for the token. There is also good liquidity on the books, which means you can easily execute your orders without slipping too much.
Currently, COS tokens can be stored in any ERC-20 compatible wallet, however, the team has migrated to Binance's BEP-2 and any ERC-20 tokens will be converted to BEP-2. BEP-2 token. When the mainnet launches, all ERC-20 and BEP-2 tokens will need to be converted to native COS tokens.
How to Buy Contentos (COS) mmUpdated 3 months ago on September 16, 2021By Daniel Martin
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Contentos is a decentralized blockchain protocol that is building a social media digital content ecosystem that empowers users such as creators, consumers and advertisers, to be compensated for their contributions. their. Compensation in the form of COS tokens is used as a payment for content creation, management, distribution, storage and verification.
We list the top 3 exchanges that offer the ability to Buy Contentos Cryptocurrency (COS) with a credit card, debit card or Bitcoin (BTC).
Gate.io
Gate.io was founded in 2013, although not one of the most popular exchanges, they provide a reputable trading platform with an easy-to-use interface for beginners while remaining maintains powerful and advanced charts for various skill levels including technical traders. They have a large number of altcoins including Contentos (COS) and they are often the first exchange to add new tokens. Above all, they take a firm stance against any form of market manipulation .
This exchange currently accepts US residents.
WazirX
WazirX is India's largest crypto exchange with over 400,000 users and they are expanding rapidly. They are one of the most reputable exchanges currently offering Contentos (COS) trading opportunities and now they accept clients from all over the world. This exchange is part of the Binance Group, which guarantees high quality standards.
Roadmap & Development
One of the best ways to objectively measure this is through activity on their public codebase.
Therefore, I decided to turn to Contentos GitHub to get a better understanding of the code that developers are pushing. Here are the total commits for the three most active repositories.
As you can see, the project has been pretty busy over the past year and they've driven a lot of engagements. It should also be pointed out that there are another 19 repositories with varying levels of activity.
This is more than we often see in projects at a similar stage in their lives. This activity is probably related to the ambitious milestones that the developers have included in their roadmap.
Here are some of the most important milestones they will make in 2019:
- v 1.0 of Testnest: Using the SABFT consensus mechanism as well as monitoring the state of the blockchain
- Testnest's v 2.0: Get started with user testing by bringing in the game streamer & imager
- v 3.0 of Testnest: This will be the phase of block producer election as well as smart contract prototyping.
- v 4.0 of Testnest: This phase of the testnet will bring in a reputation system as well as a copywrite authorization system.
- v 5.0 of Testnest: This will be the complete testnet that will be worked through its steps before the mainnet launch.
- v 1.0 Mainnet: If all goes well up to this stage then the team can proceed to mainnet stage and complete the token swap to their native token. They will also refer users directly in the ecosystem
So there's quite a bit that they still hope to accomplish this year
Conclude
Contentos is a fairly new project but has strong backing from Binance and some Chinese investors. Since the platform is based in China, so far the platform is not well known in Europe and North America, but that will change once the mainnet is launched and the project is ready to go. new user registration.
There is also competition for Contentos. The best known is probably the STEEM blockchain, which is the oldest blockchain-based social network. It had its own problems, but Contentos felt that they could avoid those problems through the use of saBFT and a credit system that would ensure users acted in the best interests of the platform.
It's too early to tell if Contentos can succeed, but with over a billion potential users in China alone, Contentos should be able to grow rapidly. In addition, it remains to be seen whether the platform is suitable for users and whether it will work as planned by the development team.
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