Script TV is a decentralized video delivery network that furnishes an expansive range of blockchain-enabled solutions to the problems related to the traditional video-streaming sector. The platform offers high-quality video streaming as well as multiple incentive mechanisms for decentralized bandwidth and content-sharing at a reduced cost as compared to conventional service providers.
Script Network is the leading video delivery network powered by blockchain technology.
Script Network allows users to simultaneously watch video content and earn token rewards for relaying video to other users who are also watching the same content.
In the same vein as other sharing economy models, users opt-in to volunteering their spare bandwidth and computing resources to relay video to other users and earn token rewards for their contributions. Users can contribute to Script Network on any PC or Server. For video platforms, integrating Script Network into their video delivery stack enables them to reduce video delivery costs, deepen viewer engagement, and drive incremental revenues. By spending less on video delivery infrastructure, and more on rewarding their users, Script-enabled video platforms can grow their user base and gain market share.
The Script Blockchain is a purpose-built blockchain designed for video and data relaying from the ground up. Script’s unique multi-BFT consensus design combines a committee Validator Nodes with a second layer of community-run Validator Nodes. Validator Nodes propose and produce new blocks in the chain, while Lightning Nodes seal blocks and act as a check on malicious or non-functional Validator Nodes.
The Script blockchain mainnet enables the support for Turing-complete smart contracts. Smart contracts open up a new set of user experiences and attribution models for DApps built on the Script network.
For example, leveraging smart contracts on the Script network could enable fully digitized item ownership, innovative payment-consumption models, transparent royalty distributions, trustless crowdfunding mechanisms, and much more. This provides an additional layer of social and economic interactivity that supplements the core functionality of video and data delivery and significantly increases the engagement and retention of platform users.
In addition to the Validator and Lightning Nodes, the Script community members also host the Script Node, which forms the Script Network, a fully decentralized network for data delivery and, more generally, computing. This new fully decentralized technology stack adds the ability to capture live video, transcode it in real-time, cache and relay live stream video data to users globally - all through Script’s P2P network run by thousands of community members. Not a single central server or service is used in this pipeline. This is a huge challenge and a huge accomplishment.
The Script Token (SCPT) is the governance token of the Script protocol. SCPT is used to stake as a Validator and Lightning Nodes, contributing to block production and the protocol governance of the Script Network. By staking and running a node, users will earn a proportional amount of the new SCPT generated. The supply of SCPT is fixed at 1 billion and will never increase. SCPT is used for on-chain operations like payments to relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn SCPT for every video stream they relay to other users on the network.