tune.fm-introduces-new-token-protocol-on-hedera-hashgraph

tune.fm introduces new token protocol on Hedera Hashgraph

tune.fm this present day announced it has officially deployed to mainnet a brand contemporary token protocol for Hedera Hashgraph. This protocol makes use of a sharding architecture that is important to scale token dazzling contracts on disbursed public ledger supplier Hedera Hashgraph. The token protocol architecture for the JAM token used to be designed to carry out it doubtless to scale token dazzling contracts on Hedera Hashgraph in a decentralized intention

A token on Hedera gives outlandish advantages worship finality and fairness for consensus ordering, hasty transaction time and consensus tempo important for dApps, and low fee building making micropayments doubtless. The JAM token is namely built for micropayments for every 2nd of music streaming so when the music gets done the artist gets paid.

The JAM token is the cryptocurrency developed and passe by tune.fm to permit listeners to enhance artists directly by merely streaming their music. Artists can create JAM tokens as their music is streamed and they would possibly per chance moreover promote their music to first-time listeners the use of JAM tokens to incentivize discovery. Fans can create 100 JAM tokens for signing up and exhaust JAM by streaming music or create additional JAM tokens for discovering promoted music.

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tune.fm is a decentralized utility for music streaming rising a global music financial system and decentralized marketplace for artists and fans. tune.fm elements over 5K artists from spherical the sector along with Grammy award-winning artists from Mathew Knowles’s imprint Tune World Leisure that contains Beyonce dwell instrumentals.

When the MWE catalog used to be first launched on tune.fm the surge in contemporary signups brought on the distinctive dazzling contract to max out its command measurement and no longer accept added user wallets. This attach the workforce aid to the drafting board to re-architect the token dazzling contracts and salvage a brand contemporary protocol for scaling dazzling contract tokens on Hedera. The contemporary architecture entails a ‘guardian’ dazzling contract which wraps spherical diverse ‘limited one’ dazzling contract shards. As the command is stuffed for person shards, contemporary limited one shards are added to the guardian dazzling contract, which intelligently maps and routes all incoming transactions to the related limited one shards.

As contemporary fee applied sciences carry out intention for contemporary industry models to be doubtless with micropayments and cryptocurrency, contemporary platforms worship tune.fm will transform how media is consumed in methods which would possibly per chance be fairer to the creators and more horny to customers. New habits will carry out as tokenized economies organically spread and replace the landscape with more efficient and rewarding intention of media consumption. The JAM token and tune.fm unprejudiced to decentralize media marketplaces that disintermediate the transitional media industry models.

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