WOXH - Next Generation Platform Combines Btfs And Filecoin To Renovate File Storage System

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2 years ago

Hello everyone... Here I will inform you by writing a review to introduce a very unique new project called WOXH, so for that, have a look at the article I created below to give you a very good overview of the project, then What benefits do they provide to everyone? Let's go straight to the discussion below.

Blockchain technology became famous nowadays, mainly due to the rise of fungible tokens, commonly known as cryptocurrencies like Bitcoin and Ethereum. More so, Non-Fungible Token(NFT) is a newer token standard that has equally helped to showcase new applications of blockchain technology outside of the common use cases we have seen so far like Decentralized Finance.

Bitcoin as the first and most largely recognized cryptocurrency that enables peer-to-peer exchange of value in the digital world through the use of a decentralized protocol, cryptography, and a mechanism in order to achieve global consensus on the state of a highly periodically updated public transaction ledger called a 'blockchain'. More so, with the alternative version of Bitcoin, known as Bitcoin Cash (BCH) which has the greatest number of adherents has come to solve scaling problems that had resulted in rising transaction costs and equally to increase transaction confirmation times.

Ethereum on the other hand is a technology that deals on digital money, universal payments, and all kinds of applications. With it, the community has built a lasting digital economy, devised new ways of earning online, and many more.

Also, NFTs have been able to redefine property rights around digital assets, by offering more exciting ways of monetizing creative content in the world of digital art and collectibles. The NFT boom is really a growing adoption of NFTs in the digital art space.

It is worthy of note that the decentralized storage industry is seen as the first apps to make use of technology and BitTorrent File System (BTFS) together with Filecoin are presently doing all it could to carry the industry to an enviable height, in order to ensure a decentralized file storage system that will make a difference. The similarity between BTFS and FILECOIN is very high but FILECOIN uses a technology known as the Interplanetary File System (IPFS) technology to share data between different nodes on the network known to be miners. They are rewarded with what is called Filecoin tokens for their immense contributions to the system.

In a bid to have a highly accessible and flexible storage solution in the ecosystem, BitTorrent File System (BTFS) which is decentralized file storage protocol that uses the TRON network and BitTorrent protocol must come to be. The BTFS operational system is very simple and the possibility of accessing already stored files is assured. Dlive is another popular Blockchain site that is an alternative to Twitch, this was equally purchased by BitTorrent in 2019.

Problems Related To Traditional Game Streaming Platforms

It has been observed that there are so many problems associated with the Traditional Game Streaming Platforms. Among them is, its inability to provide storage facilities that can be very useful for the system. Traditional game streaming platforms allow streaming games instead of downloading them, this can lead to complete loss of files, as losing access to Stadia means total loss.

What's more, with their reliance on high-quality streaming video, the data caps imposed by some internet service providers usually limit the ability to use the service on a regular basis. This applies to limiting the types of games to be played, depending on the selected service which may be unfavorable to the user.

Furthermore, The Distributed Denial of Service (DDoS) attack is the glaring and most well-known threat to the traditional game streaming Industry. The attack comes directly to the game server, due to the fact that user accounts and saved games are usually stored in the cloud, so once the service goes down, it will prevent the game from being played. Therefore, with many deviations found in the Traditional game streaming industry, WOXH which consists of BTFS and FILECOIN which is used to store information, comes as a solution and to meet the very large significant requirements in the Game streaming industry for the service to work accordingly.

GOALS OF WOXH PLATFORM

Here are some of the issues Woxh has fixed:

  • With WOXH joining the game streaming industry, the lack of data centers and servers in some geographic areas will be a forgotten issue.

  • The need for a high bandwidth and low latency internet connection that delivers streams to users will be addressed.

  • Insufficient data limit will be a thing of the past, when WOXH is available in the system.

  • Game ownership

  • Distributed Denial of Service (DDOS) using Blockchain technology will bring major changes in the system.

TOKENOMICS

  • Symbol: $WXT

  • Decimal: 18

  • Supply: 100M

  • Tax: 10%

ROADMAP

Q1 2022

  • Launch of website

  • Launch of social communities

  • Techrate audit

  • NFT Whitelist

  • NFT Public presale

  • NFT Liquidity

Q2 2022

  • CertiK Audit

  • Listing on DEXes

  • Listing on Coinmarketcap

  • Listing on Coingecko

  • Listing on CEXes

Q1 2022

  • Marketing

  • Dev Bridges( Eth, Poly, Sol)

  • Dev Staking

  • Dev Launch of Woxh

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