Bitfury, a full-service blockchain technology company announced it is partnering with DeStream to provide consulting on smart contract development as well as the implementation of the Lightning Network protocol.
Both of these projects, among other benefits, will increase transaction speed and efficiency of micropayments.
Users of the platform will be able to send donations to their favorite artists with certainty that the funds will reach their destination, as the blockchain system will ensure the transparency and efficiency of all transactions.
The main aim of project DeStream is establishing a decentralized global platform for the streaming market that will allow maximizing the productivity of streamers, diversifying their activities and securing start-up capital. DeStream is establishing a platform that will act as an ecosystem for streamers. The use of blockchain technology will allow reduced transaction fees by more than twofold.
Decentralization will allow DeStream to exclude payment systems from the process and reduce numerous transactions costs. Thus, it will improve the quality of the content and the streamers will be allowed to focus on creation, instead of operational activities.
The DeStream’s partnership with Bitfury is an important milestone in promoting the project platform and will ensure the creation of high-quality content.