“It solely works on BSV,” Ben Wung tells CoinGeek TV on the sidelines of the London Blockchain Conference. In his interview, he talked about migrating his livestreaming platform from Ethereum to BSV blockchain and what the Bitcoin ecosystem wants to leap forward of its rivals.
Wung knew years in the past that blockchain would disrupt livestreaming, and he set out to construct Haura, a platform he believed would just do that. He first deployed it on Ethereum, however the scaling bottlenecks quickly caught up with him. He then explored Layer 2 networks like Polygon, and whereas they labored for a while, the identical limitations got here up once more.
On Layer 2 networks, he says that when it comes to execution, “they fail. They get actually congested, and rather a lot of transactions don’t undergo.”
He then found BSV blockchain and has been constructing on the massively scaling network since.
Wung famous that the BSV blockchain ecosystem had grown considerably over the previous few years. In the previous, builders selected to construct on different networks as that they had easy-to-use instruments that enabled these builders to deploy apps in days. Nonetheless, BSV blockchain now has its personal set of tools for each different want.
“One instance could be HandCash: their documentation is so good that our crew was ready to construct one thing inside a day.”
This ease of use have to be mirrored in the apps as nicely. This, Wung says, is the solely method we are able to appeal to thousands and thousands of customers. ChatGPT was ready to herald 100 million customers in record time as a result of it didn’t require a studying curve to use it, he famous.
Wung constructed Haura to remedy some of the ache factors of the livestreaming business. Apart from permitting customers to tip content material creators via BSV micropayments, viewers may also mint moments on livestreams as non-fungible tokens (NFTs), which achieve worth relying on the context.
The NFTs are minted on 1Sat Ordinals, a protocol that has gained a massive following because it launched a couple of months in the past.
“The imaginative and prescient behind it [1Sat Ordinals] resonates with us. They consider in an open protocol reasonably than having an setting the place all of us compete towards one another. We’re higher off simply working collectively.”
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