VTOS, Virtual Torrent System, is a decentralized CDN and social network that is looking to accomplish with Quora, Reddit, Stack Overflow and YouTube have yet to do. They are looking to change the way social media users consume content and put control of content, such as videos and blogs, back into the hands of content creators rather than letting “sizeable corporations” continue to control it. It’s a video and data-sharing network built on the Ethereum blockchain and also powered by peer-to-peer architecture WebTorrent for the storage of data, video and streaming content.
VTOS looks to Ethereum for the encryption of communication on the network, giving nodes the opportunity to communicate directly. VTOS then serves as the decentralized platorm where videos and content are exchanged, as the white paper explains.
Content creators and social media users who provide and engage with content, including liking and sharing posts, are rewarded with tokens. Meanwhile, the original content creators maintain control over their own content and how it’s distributed on VTOS. From a technical perspective, users are connected via a “decentralized network of browsers for transferring files efficiently.”
There’s also an opportunity for users to earn via a masternode hosting system in which users rent out nodes for video streaming and data sharing and earn a percentage of rewards generated by the content. VTOS created their own master nodes on Ethereum fueled by smart contracts on the company’s decentralized applications. As a result, users can “manage their tokens freely.”
VTOS is a dual-token ecosystem comrpised of both the VTOS and VCT tokens. VTOS token will be issued in the ICO and is the token that will trade on exchanges. VCT are considered the “community token” and are used “exclusively on the VTOS platform as a reward system.” Users earn VCT tokens by engaging with content by liking, commenting on or sharing posts and can progress from level to level.
Among the many features, VTOS boasts reward-driven master node hosting for video streaming and data sharing. Users are rewarded for opening up their master nodes “starting at 3% rewards for locked tokens.” There is also a mining feature by which users can “earn VCT by giving hard-drive space.” Users are incentivzed to use VTOS by “being rewarded for every action they make” on the platform.
The company is also launching a decentralized ad platform on which brands and users can purchase and sell ads for cryptocurrencies. Users are rewarded for viewing ads but can also opt out of ads altogether. In the event an ad is featured in a user’s video or digital content, users are similarly rewarded. Additionally, what’s been dubbed an “exchanger” will give users the ability to convert VCT and VTOS tokens in addition to leading cryptocurrencies like bitcoin and Ethereum. There’s also peer-to-peer live streaming and a file-hosting feature for a low-cost. Separately, VTOS is developing an app for both iOS and Android systems.
The 2.5 billion people globally who are connected via social networks, bloggers and vloggers looking to monetize their content and manage video, audio and other digital content on a single platform. In addition to content creators, VTOS is also targeting marketers and investors.