MY IP Network is building a streaming media protocol based on blockchain technology, where content creators and system maintainers can share the benefits of network growth alongside investors. We integrate blockchain technology into the MY IP Network protocol to incentivize all contributors in the ecosystem with real rewards, allowing labor to create value, transforming traditional business models, and providing ordinary users with opportunities for IP monetization and circulation. Additionally, blockchain makes distributed storage and bandwidth sharing more convenient, making a blockchain-based streaming media protocol possible.

Project Technical Requirements

High-Performance + High-Concurrency Layer1 Settlement Layer
To achieve security, decentralization, and scalability in blockchain, in the Layer1 layer, each main node in MY IP Network needs authorization to modify data. Main nodes reach consensus through a Byzantine agreement based on Bonded Proof of Stake (BPoS). Under this consensus mechanism, malicious behavior by attackers can be prevented.
In Bonded Proof of Stake, as the number of nodes increases, the speed of reaching consensus also accelerates. In the future, MY IP Network will support 256 main nodes, achieving significantly higher scalability than other similar blockchain projects.
Easy Deployment Incentive Plugin Layer2 Expansion Layer
In MY IP Network, Layer2 will not only focus on increasing scalability but also aims to lower the entry barrier for MY IP Network users to attract more users. Therefore, in Layer2, secondary nodes will be set up, along with a "hot-swappable" system, enabling the community to apply blockchain technology at low thresholds. Secondary nodes primarily manage the operation of communities within MY IP Network.
MY IP Networks Layer2 will have an evaluation system built-in, based on assessing user contributions. The entire system calculates the "contribution power" of users within the community and converts it into tokens that are fed back to the users.
Support for Massive and Private Distributed Storage
Cloud storage always has a drawback: centralization, which poses a risk of user file leaks. MY IP Network will encourage resource nodes to lease their idle hard drives and bandwidth to become resource nodes. User files will be distributed and stored across multiple nodes, simultaneously encrypted by private keys, ensuring only the owner can view and access them.
Support for Peer-to-Peer Networks
MY IP Network will activate global resource nodes through the LayerDB layer. Any bandwidth resource node established via the MY IP Network protocol can continuously provide idle bandwidth. These resource nodes and idle bandwidth will form a matrix-like global peer-to-peer streaming media transmission network. In such a network, the speed of streaming media transmission is greatly increased, while costs are significantly reduced. Moreover, this peer-to-peer network offers a certain degree of decentralization and privacy.
Extremely Competitive Total Operating Cost
MY IP Network is a blockchain-based streaming media transmission protocol. Any individual or organization installing the MY IP Network client can become a resource node of MY IP Network, leasing out idle bandwidth and storage resources. This will significantly reduce the cost of disseminating streaming media information flows.
On-Chain Copyright Confirmation and Verification
The private key is the sole identification credential in MY IP Network, and users verify and confirm their copyright using their own private key. Copyrights are recorded on the blockchain network by main nodes, transparent and public. Users can confirm their copyright on-chain based on records in MY IP Network.

Project Application Scenarios

MIP is the payment instrument used for placing ads in content communities; users can choose to actively view ads to gain advertising revenue from the community. When advertisers pay MIP, 2% of the total amount is passively burned, accelerating the discovery of MIPs value. Users can opt to chain their created content, requiring MIP to pay transaction fees. After hashing the content and chaining it, users receive a non-fungible token, i.e., the copyright, which belongs to the user and requires the use of a private key to control. Within MY IP Network, there will be a copyright exchange for users to trade copyrights. In addition, a users copyright serves as evidence in determining whether plagiarism has occurred.