ATTENTION! This is the second part of the article "VOISE: trade music by the protocol Blockchain." Reference to the first part of the article - /music/@gandi/voise-trade-music-using-the-blockchain-protocol-part-1
💡 Decentralization 💡
The first successful attempts at decentralized storage of information, which became popular in the network, were made not by music traders, but by industry competitors - pirates. Peer-to-peer networks and torrent trackers distributing counterfeit, playfully bypassed expensive high-speed servers, allowing everyone to download not at a huge, but at the maximum available speed. The secret is the duplication of data and the ability to receive information in small pieces, but simultaneously from dozens of places, from independent, anonymous owners. Each downloading, after receiving a piece and verifying its authenticity on a checksum, became a source of information for new comers to download the same block.
The technology of hashing (calculation and checksum checks) made it possible to immediately determine whether undesirable changes were made to the data block and whether the original information was replaced by a counterfeit. It was the pirates who managed to roll out the idea of distributed access to data in practice. Attempts to use computer resources, united by the Internet, were made before them, but because of the lack of a global task that decentralization could help to solve, they were not successful.
💡 The Birth of Blockchain 💡
In the 2000s, a data storage protocol was developed, called Blockchain, or a chain of blocks. The essence of the mechanisms used in it - hashing and data partitioning into segments - did not differ much from the ideas used in peer-to-peer networks, but there was also a novelty - cryptography-protected information consolidation into blocks, each of which was rigidly linked to the previous one in chronological order. To distort the data block, which is stored on thousands of computers simultaneously, without distorting the checksums of the blocks following it, to put it mildly, is problematic. Blocking became the technology providing the highest degree of information protection, and was soon used in the project of the most popular crypto currency of Bitcoin. The latest revision of Blockchain - Ethereum - has allowed to link together the storage of any digital data and transactions with them, including sales transactions. It is her use of VOISE for customer service.
💡 Ethereum 💡
Blockchain Ethereum technology is a modernization of the classical chain of blocks, in which the idea of smart contracts is realized - digital contracts that are securely protected by a cryptographic protocol and executed automatically by the computer, without human intervention, in accordance with the conditions stipulated therein. The emergence of technology Efirium expanded the scope of Blockchain. After making a number of changes to the basic algorithm, it became possible to store any information in the protected chain of blocks, from bank transactions to music and personal data.
In the VOISE project, the advantages of technology protect music content by identifying the author (copyright holder) at the stage of the first download. An attempt to re-pour someone else's file on the resource will be instantly blocked. The organizers plan to ensure the safety of authors at a later stage, even after the file was bought and handed over to the buyer.
💡 Own VOISE crypto currency 💡
To start VOISE, funds were required, and in the second half of 2017 they were collected using the ICO project. In accordance with the terms of the project, the creators of VOISE released digital title marks - VOISE tokens, which anyone could purchase. Subsequently, these tokens were supposed to be used to pay for service or sell on a crypto exchange. The ICO format defined the rules for trading media content on the site: you can buy and sell music only for VOISE tokens.
Is it good or bad? On the one hand, the lack of an opportunity to buy for real money complicates the life of the buyer. The second problem is the exchange rate changes that affect the real price of the song (this problem, however, can be solved by indexing). Pros - complete independence from financial intermediaries. Banks, government, exchange offices - all of these institutions remain abroad, traced by Blockchain technology in the crypto-currency segment.
💡 Security 💡
It should be mentioned that Blochein and Blockbill Efirium are technologies that do not have built-in mechanisms for monitoring the performance of contractual obligations. They only ensure the reliability of digital transactions and the storage of an archive of transactions that can not be counterfeited. The authorities, the government, the police, the judiciary are not able to invade their will to the territory of cryptographically protected information. In the case when fraudsters use technology, the state is powerless. This explains the prohibition of the circulation of crypto-currency in the territory of some countries.
💡 Conclusion 💡
The main plus of VOISE is the extremely low overhead costs for project maintenance. Low costs allowed to give unknown authors the opportunity to set any price for their works at zero commission of service, as well as give music for free. In order to begin acquaintance with VOISE, you do not need to be an expert on crypto-currencies and even have a digital wallet. Many functions of the service can be used for free.
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Thank you for attention!
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