The Future of Video Stream: P2P Streaming

The Future of Video Stream: P2P Streaming

The fundamental ideas behind cryptocurrency are now reaching more and more business sectors as humanity strives for decentralization and data integrity. One of these is Peer-2-Peer (P2P) streaming. However, it is not new, it first came about in 2010.

According to a springer report,Peer-to-Peer (P2P) architecture for multimedia streaming is emerging in recent years which can eliminate the need for costly dedicated video servers in the traditional client-server approach.”

Now, as blockchain technology evolves, it will boost the P2P idea as it adds an extra layer to its functionality: passive income for network providers.

Brief Overview of P2P Streaming

The basic idea behind P2P streaming is quite simple. As akmai explains in its report, traditional streaming protocols such as HLS or MPED-DASH are based on the concept of cutting the content to be streamed into small pieces (segmentation).

These small pieces of content are easier to download and then display using traditional HTTP logic. An example will help you understand: Let’s say you download an episode of "Game of Thrones". The download will be split into several parts and downloaded from a central server. After that, you can retrieve these data packages from the server as needed for your personal use.

(source: akmai)

P2P streaming now comes in with a novel idea. Why should everyone around the world follow the same approach when watching the same sequence of Game of Thrones? This doesn’t seem efficient as all the pieces are downloaded and cut multiple times across the globe. P2P solves this by creating a network between users that are watching the same content, which means they can now interact with each other and split the work of downloading packages. (source: akmai)

With this approach, P2P is resolving the issue of congested network bottlenecks. This results in a much better streaming experience for users and equalizes the download traffic between them.

Central

Decentral

                                                                                                                  (source: strivecast)

Six Key Features of P2P Streaming

There are many features for P2P streaming offers. Below are the top six:

1. Anonymity

2. Decentralization

3. Scalability

4. Higher quality video and smoother streaming

5. Reduced costs

6. Opportunities for passive Income (Rewards for network participants)

Below are two popular decentralized streaming projects in the crypto space that offer the six key features discussed above.

Theta

“Theta is software that seeks to incentivize a global network of computers to operate a decentralized video streaming platform. Today, content delivery networks (CDNs), geographically located networks of operators, are paid to deliver video stream content to end-users.” Learn more.

Media Network

“Media Network is a privacy-first and community-governed CDN that allows you to scale your infrastructure within seconds.” Learn more.

The Future of Video Streaming

These new approaches are solving multiple issues compared to central streaming providers. With blockchain, and the idea of tokens, P2P streaming also provides rewards to the network’s participants and creates revenue streams for users. This model makes it more interesting for users around the globe to actively participate. The future of video streaming not only includes a better user experience but also provides incentives for public adoption of the technology.


About Reef Finance & Reef

Reef Finance is building Reef Chain, a DeFi blockchain built using Substrate Framework. Reef Chain provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase. Our vision is to make DeFi easy for everyone to invest in and build DeFi applications on top of Reef Chain.

Reef Finance has developed a fast, scalable, and EVM-compatible chain for DeFi applications, Reef Chain. Reef Chain is a customized blockchain that allows developers to build DApps or deploy existing projects from Ethereum. Learn about Reef’s recent official news: Website | Twitter | Telegram