VibraVid and BeatzCoin Weekly Update: November 09, 2020
Not a whole lot to report for this past week. The devs have been consistently working on the wrapping and staking features for BTZC. Most of the front-end development is complete, and we are awaiting further back-end developments. We are still looking to push the next release this month. However, a few important developments have been brought up, which may or may not impact the release date. We are working diligently to get the new VibraVid release launched as soon as possible.
Our CTO has been very proactive, and while most of the team are working on the above-mentioned developments, Priyadarshi is working on an improved Recommendation System for audio and video, which should also be included in the next release. This will leverage AI ML techniques and technologies, using VibraVid audio and video data sets based on Python and Spark library.mlib.
All-in-all, we are gearing up for 2021, which should prove the initial concepts of VibraVid, and we will see everything in action and motion. We’re very confident that we will be strongly competing with, or surpassing some of the industries leading competitors! These include: LBRY, BITCHUTE, DTUBE, THETA, VERASITY, AUDIUS, and others. VibraVid has aimed to surpass some of these well-funded platforms, while inviting the world to an all-inclusive music and video sharing platform…where uploaders can earn and market, users can earn, ad-revenue is shared, token holders can stake…all while enjoying NO CENSORSHIP. All according to our original vision, whitepaper, and roadmap.
Once the new VV release is pushed, we will then shift away from UX features, and focus on creating a means to move BTZC cross-chain from Tron to Ethereum, Matic, and Syscoin, opening up many opportunities, while keeping BTZC at a 3 billion total supply.
For those that may not understand, there is currently a 3 billion token supply of BTZC on Tron, and there is also a “pegged” 3 billion supply on Ethereum. If/when BTZC tokens move to the Matic side-chain, or Syscoin blockchain, those tokens are minted and burned accordingly. The supply does not increase. Once we release the “exit” option from Tron-based BTZC, the erc20 version of BTZC will be pegged 1:1 with the trc10 version, again, not increasing the total supply.
Granted, the overall concept and “big-picture” for BTZC is not for the faint of heart. We will be pioneering one of the first multi-chain tokens in the industry, backed by a music and video sharing platform that can see exponential growth!
See you next week with another update!