MY IP Network builds a streaming media protocol based on blockchain technology. In MY IP Network, content producers and system maintainers can share the dividends brought about by network development, just like investors. We incorporate blockchain technology into the MY IP Network protocol. Use real rewards to motivate all contributors in the ecology, let labor create value, change the original business form, and give ordinary users the opportunity to realize and circulate IP. At the same time, blockchain makes distributed storage and broadband sharing more convenient, and makes streaming media protocols based on blockchain possible.

Project Technical Requirements

High performance + high concurrency Layer1 settlement layer
In order to achieve the security, decentralization and scalability of the blockchain, in the Layer1 layer, each of the MY IP Network The master node needs to be authorized to modify the data, and the master node achieves consensus through the Byzantine agreement based on the proof of binding rights and interests. Under the improved consensus mechanism, malicious saboteurs can be stopped.
In Bonded Proof of Stake (Bonded Proof of Stake), as the number of nodes increases, the speed of reaching consensus will also become faster. In the future, MY IP Network will support 256 master nodes, achieving high scalability far higher than other similar blockchain projects.
Easy Deployment Incentive Plug-in Layer 2 Expansion Layer
In MY IP Network, Layer 2 will not only focus on increasing scalability, but hope to lower the threshold for MY IP Network users to use Get more users. Therefore, a sub-node will be set up at Layer 2, and a "hot swap" system will be provided to allow the community to apply blockchain technology with a low threshold. At the same time, the sub-node is mainly responsible for running and managing the community in the MY IP Network.
The Layer 2 layer of MY IP Network will have a built-in evaluation system based on the evaluation of user contributions. The whole system will calculate the user's "contribution computing power" in the community, and convert it into tokens to feed back to users.
Support massive and private distributed storage
Cloud storage always has a drawback, that is centralization, user file leakage has always been a hidden danger of cloud storage. MY IP Network will encourage resource nodes to rent out idle hard drives and bandwidth to become resource nodes. The user's files will be distributed and stored in multiple nodes. At the same time, the files are encrypted by the private key, and only the owner can view and access them.
Support peer-to-peer network
MY IP Network will activate resource nodes from all over the world through the LayerDB layer. All bandwidth resource nodes built through the MY IP Network protocol can continuously provide idle bandwidth. These resource nodes and idle bandwidth will form a global point-to-point streaming media transmission network in a matrix. In such a network, the speed of streaming media transmission is greatly improved, while the cost is significantly reduced, and this peer-to-peer network can provide a certain degree of decentralization and privacy.
Competitive total cost of operation
MY IP Network is a blockchain-based streaming media transmission protocol. Any individual or organization that installs the MY IP Network client can become a MY IP The resource nodes of the Network rent out idle broadband and storage resources, which will greatly reduce the cost of streaming media information flow dissemination.
Copyright Confirmation and Verification on the Chain
The private key is the only certificate to confirm the identity in MY IP Network, and the user authenticates and confirms his copyright with his own private key. The copyright is recorded in the blockchain network through the master node, which is open and transparent, and users can confirm on the chain with the copyright recorded in the MY IP Network.

Project application scenario

MIP is a payment tool for placing advertisements in the content community. Users can choose to actively browse advertisements to obtain advertising revenue from the community. When advertisers pay MIP, they will passively burn 2% of the total amount to accelerate the discovery of MIP value. Users can choose to upload the content they create, which requires MIP to pay the handling fee. After hashing the content to the chain, the user also gets a non-replaceable token, which is the copyright, which belongs to the user and needs to be controlled by the private key. In MY IP Network, a copyright exchange will also be set up for users to trade copyrights. In addition, the user's copyright is also a tool to determine whether plagiarism is plagiarized.