Replies to post #4054 on Livechain Inc (LICH)

[halbroke1]

HUGE DD RiseandShine..WOW !!!! $3BILLION ....SEE U GUYS AT .25+..

[714]

HOLY CRAP!!! This is MASSIVE!!!
Awesome DD my friend!!!

[RiseandShine]

Hold on tight this is bigger than I can imagine: 5G technology helps LiveDAO!!!!!!!!!!!

LiveDAO is able to implement a fully decentralized distributed live broadcast system thanks to the new 5G network. The 5Gnetwork not only brings 1GB of uplink and downlink peer-to-peer bandwidth, but also brings a revolutionary network structure.

Because the decentralized distributed live broadcast system must be based on a complete cellular network, it is not possible under a star network. The 5G network happens to be a complete cellular network, and more features perfectly support the implementation of the decentralized distributed live broadcast system.


They are gearing up for something new with this 5G tech and looks like Live Stream is involved this is crazy folks!

[Nefyn]

Do we know for sure that this is the RM candidate?

[lowfloatmaster]

HOW ARE YOU COMING UP WITH A 3 BILL DEAL???
LITTLE CONFUSED ON THAT
THANKS

[UP Trend]

Nice find, interesting stuff they are working on.

http://livedao.io/resource/LiveDAO_white_paper_0.97.pdf

[ologun]

great find.
Just lurking long here.

[RiseandShine]

Why live streaming is becoming China’s most-profitable form of electronic media

5G technology helps LiveDAO
LiveDAO is able to implement a fully decentralized distributed live broadcast system thanks to the new 5G network. The 5Gnetwork not only brings 1GB of uplink and downlink peer-to-peer bandwidth, but also brings a revolutionary network structure.

Because the decentralized distributed live broadcast system must be based on a complete cellular network, it is not possible under a star network. The 5G network happens to be a complete cellular network, and more features perfectly support the implementation of the decentralized distributed live broadcast system.

[Essies1]

IT is asked before , but why is iT named Empire Oil Refineries?? Or did i miss iT

[reader3]

Wrong Livestream, I think.

[Outcast27]

Something is going on, wish I knew........


You posted this...Seems like it could be



!! https://www.chainwhy.com/coin/livedao/ Tranlate to english says Live Stream owns the Block Chain so maybe Livechain Group are the developers of this blockChain.

Live currency (LIVE)
LiveDAO

Live currency (LIVE)
Founder: Live Stream (LIVE) Team White Paper: Live Currency (LIVE) White Paper Release time: 2019-07-19Block Station: Block Station 1 Live currency (LIVE) currency issue price:-Online trading platform: 1Official website: official website 1
Total amount of live currency (LIVE) coins: 3,000,000,000 pieces

Livestream.com is owned by Vimeo


$EORZ

[glenngroove]

Love the name Gu Yu lol

[glenngroove]

Looks gooooooooooood!!

[Sean Portman]

LIVE will also launch a first-line digital currency exchange?!!!

New? I've been researching many other stocks to play on while this one does it's thing and I've forgotten a lot and don't spend that much time here anymore, but I ran into this article that is translated in more laymens terms. Also have you noticed how different websites have translated it different, like we're getting little bits and pieces and you really have to do some DD to get all the pieces to the puzzle? like a decentralized blockchain lol. Anyways here----

google translation required
https://www.chainfor.com/news/show/85676.html

source section
*According to LiveDAO's roadmap, the project is currently in the development stage and the mainnet will be launched in January 2020. It is reported that LiveDAO has launched a multi-chain wallet. In addition to supporting LIVE, the wallet can also support multi-chain assets such as EOS and perform cross-chain transfers between multiple digital assets.

Currently, LIVE has launched ZZEX. After LiveChain.Inc lists OTC Markets and LiveChainHolding, LIVE will also launch a first-line digital currency exchange.*

whole article
LiveDAO: Can 5G + Blockchain Subvert the Live Broadcast Industry?
08-13 14:19

Tags LiveDAO live5G

source:LiveDAO



Project Introduction

LiveDAO is a decentralized live broadcast system. Through the LiveDAPP based on the protocol of the same name LiveDAO, each mobile phone can forward the live stream to maintain the safe, private and fair operation of the entire live broadcast system. The birth of 4G in the

live broadcast industry

brought a new industry-live broadcast. In 2015, the live broadcast industry burst into flames overnight. Thousands of domestic live broadcast platforms flocked out, including live games such as fighting fish, tiger teeth, pandas, dragon balls, and shows The live broadcast platform includes live broadcast, Yingke, Zanthoxylum, etc. There are also overseas such as Youtube, Twitch, Afreeca TV and so on. On the evening of July 17, this year, as the game live broadcast platform Douyu, which was fought off from the 1000 broadcast war, was finally listed on the NASDAQ in the United States, other live broadcast platforms were successively bankrupted or shut down. Although they were defeated by the king, the status quo of the few companies that survived was not very optimistic.


Net income


Cost of income

By analyzing Douyu's listing prospectus, we can see that in 2018 alone, the bandwidth cost was 80 million US dollars, and the platform's income obtained through live broadcast rewards, minus the share allocated to the anchor, the profit is only 50 million US dollars, which is not enough To support spending on bandwidth. In other words, if you do n’t rely on advertising and other services, just receive gifts on the platform through the anchor, the live broadcast platform is out of loss.

Also listed are Huya and Bilibili. According to survey data, it is found that the live broadcast services of these two companies still have huge bandwidth costs and cannot cover their live broadcast income. Coincidentally, there are media reports that Youtube, the largest overseas video / live streaming platform, was acquired by Google for $ 1.6 billion in 2016, but it has not yet brought profit.

Of course, the problems with live broadcast platforms don't stop there. At the user level, there are still many other problems with centralized live broadcast platforms, such as the excessive restrictions on live content, which are not enough to meet user needs. This bottleneck is more and more obvious in domestic live broadcast platforms. Most users' content that they like to hear will be labeled as "oversized". Due to national conditions, the live broadcast platform has to castrate itself. However, the single live broadcast content caused the anchors to have to take a different approach, such as the "Qiao Biluo" incident, which is a low-quality, deceiving consumer similar event. This is the product of "abnormality" in this environment.

In addition, due to the opacity of live broadcast rewards, the rights and interests of the anchor cannot be guaranteed, and the rights and interests of the users are correspondingly damaged. At present, live broadcast "union" is popular. After reaching a cooperation agreement, the union and the platform jointly favor a certain anchor and send a large number of gifts in the live broadcast room to entice other users to give rewards. As the so-called "squires' money is returned, the people's money is thirty-seven cents", and the "leeks" rewards will eventually enter the union and the platform's pockets. The anchor is only a machine for the platform, and it is difficult to obtain real fans. And income proportional to what they give.

The

three roles of the LiveDAO solution platform, anchor, and user form an "impossible triangle". The platform needs to spend huge bandwidth costs. The anchor yells hard in front of the screen, but eventually the money cannot enter his own pocket. After the user has consumed the money, , But it ’s hard to get what you want to see. The pain points of the three urgently need a good solution.



LiveDAO has proposed a cloud + fog solution. The cloud has an innovative decentralized live broadcast system and a public chain built on the basis of the BFT-DPoS consensus algorithm, the LiveChain live broadcast chain. The decentralized live broadcast system is used to carry the live content safely and privately, and the LiveChain live chain is used to carry the circulation of assets and the implementation of rules to ensure the fairness and transparency of rewards and punishments for all ecological members. The fog end LiveDAO uses the new P2P live broadcast technology, which perfectly matches the 5G cellular network. Each 5G mobile phone can become a streaming server, which reduces the server and bandwidth costs of the live broadcast system to 1/400.

All fog nodes are ordinary push nodes, and mining is performed using PoNS (proof of network sharing) consensus mechanism. According to a series of rules, all behaviors that contribute to the ecological bandwidth are rewarded.



In short, after the large-scale popularization of 5G, letting each user's 5G mobile phone become a streaming server can solve the problem of excessive bandwidth costs. This is similar to the concept of "shared CDN", that is, a content delivery network. Users can share personal idle network bandwidth and arrange as many nodes with content servers on the network as possible. When we access a content, we can access the nearest server, which will shorten response time, improve network speed, and reduce cost. Markets such as Thunder's Play Cloud, Traffic Ore, and Chain Passengers all provide similar services, and the popularity of 5G will take shared CDNs to the next level. Nodes no longer need to be PCs or broadband networks, and only need a mobile phone. The network cost and extremely fast transmission speed can make it access to the entire network to become a node.




After solving the problems of cost and speed, distributed node construction also solved the problem of freedom of content. Because there is no centralized server and the encryption technology used by LiveDAO, during the broadcast of the live stream, a special fragment-type encryption technology is used to allow different segments of the live stream to use different encoding methods. After the live stream is intercepted, it cannot be restored to complete video information, which can ensure that the live broadcast content is sufficiently free and the user's privacy is guaranteed.



In addition, because LiveDAO uses a decentralized cross-chain technology, assets can be freely circulated between the live broadcast chain and the EOS main chain. Allow users in the EOS ecosystem to easily obtain and use LIVE through existing exchanges and wallets, increasing the liquidity of LIVE. Digital asset circulation based on LiveChain can be queried on the blockchain browser, and each transaction or reward will be recorded on the chain, so that the clearing and settlement of assets is more clear and transparent.

competition analysis



Currently, the more similar products in the blockchain industry are LivePeer and Theta. These two projects are relatively mature and have been polished for more than a year. LiveDAO, as a newcomer, still has its unique advantages. LiveDAO is built on its own public chain LiveChain. It has a consensus mechanism that is more suitable for network needs and a higher TPS. Compared to LivePeer and Theta, which can only be mined through computers (as nodes), LiveDAO uses mobile phone nodes for the first time. When 5G becomes popular in 2020, the main network of LiveDAO will also be online at that time, which will bring another node and user volume An outbreak.

Token Economic Analysis

LiveDAO's token is LIVE, with a total of 3 billion issued, of which 2 billion are generated by mining. The initial LiveDAO will set a mining speed, which is halved every year. LiveDAO's mining nodes are divided into light nodes and strong client nodes. Light nodes only need users to connect their own mobile phones to the live broadcast network to start mining, and receive node mining rewards while watching live broadcasts. Up to 4 can be pushed at the same time. The strong node is a hardware node, which uses a 5G network to access the live broadcast system, which is not large and can be carried around. Strong clients have stronger ability to push streams (meaning there are more opportunities to get ecological rewards), and the number of simultaneous push streams is designed to be 7-15.

The LIVE tokens obtained by mining can be used to obtain more rights, such as the right to broadcast, the right to vote on nodes, and the right to purchase from clients.

Except for the tokens generated by mining, the LIVE of the team and the ecological construction part will continue to lock positions, and unlock and release according to the ecological voting results.

Project Resource Analysis The

core development team of LiveDAO is from LiveChain, Inc., which was established in Nevada, USA, and listed on OTC Markets. It is mainly responsible for the construction of LiveDAO cloud. Another team from the L2L studio in Ukraine is mainly responsible for the construction of the fog end.



In addition, the parent company of LiveDAO also holds a merger and acquisition fund, LiveChainHolding, which plans to list on the US mainboard in December 2019. Backed by listed companies, the LiveDAO development team will have strong financial strength.

route map


According to LiveDAO's roadmap, the project is currently in the development stage and the mainnet will be launched in January 2020. It is reported that LiveDAO has launched a multi-chain wallet. In addition to supporting LIVE, the wallet can also support multi-chain assets such as EOS and perform cross-chain transfers between multiple digital assets.

Currently, LIVE has launched ZZEX. After LiveChain.Inc lists OTC Markets and LiveChainHolding, LIVE will also launch a first-line digital currency exchange.

In

order to solve the current live broadcast chaos, LiveDAO pioneered the cloud + fog solution, hoping that distributed nodes with mobile phones as the carrier can shoulder the heavy burden, solve the problems of high bandwidth cost, single content, and opaque settlement of live broadcast industry. LiveDAO, which is backed by a listed company, has stronger financial strength in the early stage. After 5G's large-scale popularity, lower network costs and faster transmission speeds can allow mobile phones to replace computers and become better nodes, allowing idle computing power. Better serve the live network. It is worth mentioning that live broadcast is a product of the 4G era. When we usher in a new 5G era, it is unknown whether live broadcast will be replaced by other emerging products. But it is certain that as time progresses, the distributed sharing of idle bandwidth will become a trend in the new era.