section
About Script Network
With television progressively turning into a cord-cutting, digital experience, Script.TV is focused on delivering a unique, industry-defining experience, using blockchain technology.
Although there are multiple options to consume content globally, Script.TV is the first to bring live television to the blockchain, with on-chain rewards through NFTs, gifts, and tokens by watching content every hour.
In this documentation, we have explained the functionalities, working mechanisms, and benefits of Script TV.
Introduction
Script.tv powers linear TV shows.
Linear TV is a visualization format where, contrary to on-demand TV, content is watched by many at the same time.
We combine it with web3, the new paradigm based on decentralized peer-2-peer networks returns the power to users, allowing the seamlessly integration of token cryptoeconomies and content delivery.
Furthermore we improve the experience with live NFT marketplace and watch-to-earn concept.
Script TV is a decentralized video delivery network that furnishes an expansive range of blockchain-enabled solutions to the problems related to the traditional video-streaming sector. The platform offers high-quality video streaming as well as multiple incentive mechanisms for decentralized bandwidth and content-sharing at a reduced cost as compared to conventional service providers. Script Network Defined
Script Network is the leading video delivery network powered by blockchain technology.
Script Network allows users to simultaneously watch video content and earn token rewards for relaying video to other users who are also watching the same content.
In the same vein as other sharing economy models, users opt-in to volunteering their spare bandwidth and computing resources to relay video to other users and earn token rewards for their contributions. Users can contribute to Script Network on any PC or Server. For video platforms, integrating Script Network into their video delivery stack enables them to reduce video delivery costs, deepen viewer engagement, and drive incremental revenues. By spending less on video delivery infrastructure, and more on rewarding their users, Script-enabled video platforms can grow their user base and gain market share. About Script Blockchain
The Script Blockchain is a purpose-built blockchain designed for video and data relaying from the ground up. Script’s unique multi-BFT consensus design combines a committee Validator Nodes with a second layer of community-run Validator Nodes. Validator Nodes propose and produce new blocks in the chain, while Lightning Nodes seal blocks and act as a check on malicious or non-functional Validator Nodes.
The Script blockchain mainnet enables the support for Turing-complete smart contracts. Smart contracts open up a new set of user experiences and attribution models for DApps built on the Script network.
For example, leveraging smart contracts on the Script network could enable fully digitized item ownership, innovative payment-consumption models, transparent royalty distributions, trustless crowdfunding mechanisms, and much more. This provides an additional layer of social and economic interactivity that supplements the core functionality of video and data delivery and significantly increases the engagement and retention of platform users.
In addition to the Validator and Lightning Nodes, the Script community members also host the Script Node, which forms the Script Network, a fully decentralized network for data delivery and, more generally, computing. This new fully decentralized technology stack adds the ability to capture live video, transcode it in real-time, cache and relay live stream video data to users globally - all through Script’s P2P network run by thousands of community members. Not a single central server or service is used in this pipeline. This is a huge challenge and a huge accomplishment.
The Script Token (SCPT) is the governance token of the Script protocol. SCPT is used to stake as a Validator and Lightning Nodes, contributing to block production and the protocol governance of the Script Network. By staking and running a node, users will earn a proportional amount of the new SCPT generated. The supply of SCPT is fixed at 1 billion and will never increase. SCPT is used for on-chain operations like payments to relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn SCPT for every video stream they relay to other users on the network.
General Info
Script TV is built on the Script blockchain – a reliable, affordable, high-quality video publishing platform that utilizes purpose-built novel technology to operate efficiently and effectively—using decentralized infrastructure, Script.TV provides a video platform designed to radically improve the experience of using streaming platforms for users, content creators, and advertisers. Script.TV will be the first linear TV and film experience on the blockchain.
Using a decentralized blockchain for Script.TV, we solve the many shortcomings of the centralized media space, such as low CPMs as a consequence of intermediaries, sluggish payout times, launch delays, and a lack of analytical data for content partners. For users, there is no ability to get paid for what they watch and no opportunity to connect with community or content partners. The TV and film experience and their associated industries are disengaged and broken. Script.TV will mend this disconnection forever.
In simple terms, Script.TV is a two-sided platform: one side for content partners whose shows and films will be streamed on the platform, and one side for the viewer who will be able to view this content from anywhere in the globe. Film and TV on the Blockchain
The Script.tv protocol can also help tv stations combat the decline in viewership by offering a convenient bridge for mainstream and independent news, sports, and entertainment tv stations to move into the blockchain. Large media companies can safely introduce their content and live programming onto the blockchain, reaching new audiences, reducing hosting costs, and creating new streams of revenue through crypto and NFTs.
Script.tv aims to modernize live television for users, enabling them to interact through a live chat, thus adding a social element to television and creating financial incentives for watching ads. In essence, Script is the blockchain built for media streaming.
It is a decentralized solution that will help usher in the web 3.0 paradigm, providing the necessary infrastructure for the future of television, video hosting, and streaming. Interoperability & Scalability
Script Network is focused on developing NFTs, rewards, and content that can live in multiple worlds – either on the Script.TV platform, in the metaverse or even offline in the physical world. Script TV platform focuses on a geographical and interest-targeted approach for its users, brands, and partners. NFTs can be bought and traded within the Script Platform.
Metaverse: With a range of incumbent metaverse apps, Script Network will connect and collaborate to create an experience that offers NFTs purchased to be used in the metaverse. This gamified option brings even more potential use cases to Script NFTs.
Physical World: Script Network was built with a vision to help educate and bring millions of current content viewers over to blockchain. Part of this process will include being able to trade and stake and convert specific Script NFTs for real-world cinema tickets, access to events, and more.
Tokens
Script.TV will be a first-of-its-kind online TV platform in which both users and content publishers earn valuable tokens through video streaming. Script.TV will be a feature-rich application that provides users with round-the-clock entertainment through a range of exciting channels.
The network will use the blockchain-based Script token (SCPT) as a direct incentive for users to not only watch and discover great new content but also to contribute their computers’ bandwidth and memory to the network. Fundamentally this incentive mechanism is what powers the network and allows Script.TV to avoid the problems currently plaguing traditional streaming platforms.
Content partners earn SPAY tokens for every minute their content is watched on Script.TV and users earn SPAY tokens every time they watch programs on Script.TV. By operating and utilizing the Script. TV web app, any device can become a Script node able to earn users additional rewards for caching and distributing video data. $SCPT & $SPAY Storage
SCPT & SPAY are the two tokens on the Script Blockchain. To begin with, to ensure instant liquidity, ease of trading, and a platform to perform swapping with popular pairs at scale, SCPT will launch as an BEP-20/ SCR-20 token. This means that SCPT (and SPAY in the future) can be stored in popular wallets such as Metamask and Trustwallet.
Further down the line in our roadmap, we will perform a 1:1 conversion for SCPT and SPAY to the Script Blockchain. Users and content partners will have further flexibility on where to store SCPT and SPAY. Users and content partners can store, send and receive their tokens securely within their wallets on the Script Network. And as SCPT and SPAY are listed on more exchanges (both CEX & DEX), these will provide further storage options for users. Should users or content partners wish to store their tokens away offline, they will eventually be able to hold their tokens on hardware wallets.
Script NFTs About NFTs
Non-Fungible Tokens are digital proof of ownership connected to some content or asset. Each is unique and cannot be replaced by another or forged. Each NFT contains identifying information recorded within one or multiple smart contract/s. As NFTs are minted on blockchains, all information about them is publicly available and reliable. Popular objects for NFT tokenization include art objects (digital and real), items from virtual and game universes (characters, clothing, artifacts, weapons, equipment), collectibles, copyright, licensing, and certification. Script NFTs: How Will It Work?
For Script Network, NFTs will be used to create a piece of content that can be purchased, traded, and stored for value and will all be directly connected to the films and shows on Script.TV. Users will have an opportunity to claim and earn time-based rewards, stake valuable NFTs, earn off-chain rewards and gain access to events, screenings, and cinema tickets through the accumulation of SPAY tokens and Script NFTs.
For the development of most non-interchangeable tokens, several ERC standards are used on Ethereum. Script.TV will use Solidity smart contracts that allow users to mint Ethereum-based NFTs for heavily reduced fees via SPAY tokens. Later down the line, Script.TV will launch NFTs with cross-chain accessibility. A mechanism allowing content partners to create, trade, and use their own NFTs will be implemented into the Script.TV platform.
Script TV will allow content partners to use these NFTs to interact with their audience. During the broadcast, competitions, quizzes or gift giveaways may be held among the audience. And after the launch of the NFT marketplace, users will be able to sell the received tokens and NFTs at will.
Transactions
Transactions and payments to both content partners and users will be executed automatically through smart contracts. These contracts will also be used for verification and on-chain monitoring.
Through this, the network will maintain a public record of information on our immutable blockchain. Information about all the transactional operations of Script.TV will be available in our block explorer, which will function similarly to EtherScan.
This explorer will allow users to conveniently find data on transactions and tokens, information about smart contracts and reports, and will be used to track the latest actions and changes in the blockchain.
Wallet
Once you reach the Script Wallet site, take your device offline / put it in airplane mode, then click “Create Wallet.” Next, you will download an encrypted keystore file and create a wallet password. This encrypted keystore file on your computer will be used to unlock your wallet any time you want to access it. You will then need to copy down the mnemonic/seed phrase (and private key, if you choose to) and store them in a safe place.
Your mnemonic/seed phrase and private key are the only way to restore your Script wallet if you lose your keystore file and/or wallet password! Make sure you save them correctly and store them offline in a safe place (never online or in the cloud!).
Once your wallet has been created, you can re-connect your device and unlock your new Script Wallet.
If you are unlocking an existing wallet, we recommend you take your device offline while uploading your keystore or enter your mnemonic phrase or private key. Once the wallet has been unlocked, you’ll see a screen that says “you’re offline!” and will have the opportunity to connect to the internet before you continue to the wallet.
Once you’re in your Script wallet, you can check the balance of your Script Tokens.
Smart Contracts
The lack of transparency and red tape has frustrated users and content partners for decades within the media industry. To solve this, our smart contracts can be adapted by Script.TV content creators to distribute royalties fairly, transparently, and without reliance on costly intermediaries.
Smart contracts for content partners and platforms also enable more payment-consumption models than traditional TV services can offer their users, such as per-use or pay-as-you-go models. Instead of paying for annual or monthly subscriptions, viewers can now earn for viewing content. Our Turing-complete smart contracts enable numerous usage scenarios not exclusive to video streaming.
For example, the distribution of rewards between the platform, content partners, and users can be automated, NFTs can be traded, various wallets can be integrated, and new tokens can be minted. The Script.TV Virtual Machine is fully compatible with the Ethereum Virtual Machine (EVM), making it simple to migrate existing Ethereum-based contracts, and smart contract developers can seamlessly migrate to Script.TV.
By merging linear TV programming with blockchain technology, Script TV can manage all its services and offerings using smart contracts. The smart contracts are self-executing, require no middlemen, and can be swiftly executed after stipulated conditions for performance are met by the contracting parties. Plus, smart contracts can be used for games, polls, airdrops, reward programs, community engagement initiatives, and content acquisition. Overall, using smart contracts streamlines the process of getting things done and is cost-effective.
Turing-complete smart contracts open the door to numerous use cases in video streaming and beyond, from token investments in streamers, to automated splits of SCPT rewards between platform/streamers/users, to non-fungible tokens (NFTs) representing top content creators.
The Script Virtual Machine is compatible with Ethereum Virtual Machine (EVM).
Porting over existing Ethereum-based contracts is simple and thousands of smart contract developers can easily jump to building on Script.
Between the Script Labs team and Script community, many projects are already in the works including decentralized exchanges (DEXs), staking pools, and more.
Developers can deploy Smart Contracts to the Script Blockchain by compiling Solidity code (using favourite compiler toolchain) into bytecode and using then to call node's RPC function. .
Users can deploy and interact with the smart contracts through the Script Web Wallet or programmatically via the Script Blockchain SDK.
On the Script Blockchain, SCPT token regulates execution of smart contracts.
Supported TV visualization platofrms
Browser. desktop / laptop
Mobile.
Landing page
##> landing_page
P2P INFRASTRUCTURE: Script V3: Testnet / Mainnet
##> p2p_infrastructure
Last updated
