CURRENT - How It Works and Use Case
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How Current CRNC Works
With the Current decentralized application the conventional content networks are integrated into a single platform and thus removing the need for different applications for the users.
The following are the properties of the Current ecosystem that makes it standout and work to optimum potential:
- A central platform for different streaming networks
- A Better streaming service
- An adaptive and predictive search recommendation algorithm
- No projects or tasks are needed to be completed by the users
- CRNC utility tokens
Integration of Current with Content Networks: The current Ecosystem is already integrated with YouTube, Spotify, SoundCloud and a total of eight different content networks, with plans to expand into more networks in the future. Current will be the go to place for every entertainment lover, every music, video, podcast, live webinars and more.
Better Streaming Service: The user streaming experience on current is quite different from the traditional content networks, Current video interface delivers smoother streaming and this is made possible by accessing multiple content libraries using APIs. This APIs allows for smoother interaction between soft wares’.
Predictive Recommendation System: By utilizing machine learning, a form of artificial intelligence, Current protocol recognizes the search behavior and creates a pattern for each user. This is done by leveraging content based filtering and collaborative filtering.
For example; with this technology a user, who is interested in the pop genre of music, and frequently searches pop inclined musical contents on Current, will get firstly pop inclined results when he/she searches for musical contents on the current platform using similar keywords to what the protocol has recognized.
No Tasks Completion Needed To Get Rewarded: On the Current ecosystem the only thing a user needs to do is to view contents he normally does and gets rewarded for the data and time spent on the platform unlike other decentralized content platforms.
Several decentralized platforms rewards its users based on tasks completed, Steemit for example, is a blogging platform i personally use for creation of my contents. On Steemit authors are rewarded not based the content quality alone but also on how their audience judges the quality of the content and give rewards by up voting their posts. This means it’s possible to create a great blog post and still not get rewarded for it if their audience doesn’t deem the content worthy of upvotes.
CRNC tokens: Content owners, viewers and curators are rewarded for their usage of the platform with CRNC tokens. The application has an easy to use interface which makes redeeming of rewards easy.
CRNC Token is an Ethereum based ERC 20 utility token that will be used within the Current ecosystem, the tokens are purchased by advertisers and used as a means of payment on the platform.
So how are these tokens produced? A token is mined when any media is played on the platform and the proceeds are shared within the stakeholders which are the content creators, consumers, curators, the growth pool and the referrers.
Use cases:
The use case of this platform is simple enough and I will be describing from a customer and a creator point of view.
As a customer:
I want to watch my favorite crypto analyst on YouTube, but instead of going through the YouTube app, I decide to use the Current decentralized app.
What do I get?
- I search for the analyst on current and I get seamlessly directed to his YouTube channel
- I stream the videos i want easily with better streaming quality,
- I get rewarded for using current with CRNC tokens
As a Content Creator:
As a crypto content creator and ICO analyst, I. create videos for new and upcoming ICOs and upload it onto my channel on YouTube.
What would I get?
- Curators familiar with my work add my videos to their playlists on current
- Viewers search for my contents and are directed to my channel or the specific video in the curators’ playlist
- Viewers stream my educative ICO videos easily
- I get rewarded for my work in CRNC tokens
There are several other use cases of Current across the integrated content networks. This a project i am really excited about and will be looking forward to using once it goes mainstream.
Join over 90,000 members on the Current telegram group https://t.me/joinchat/F-KV7A8VpJrZw-QBRjumRg to get involved in ongoing conversations and also visit the official website https://tokensale.current.us/ and ANN thread https://bitcointalk.org/index.php?topic=2829644.0 for more information about the project.
Connect with me on Bitcointalk here >>>> https://bitcointalk.org/index.php?action=profile;u=1556229
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