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A Worldwide Decentralized Social Networking Site.

In the light of the fact that data privacy is the biggest concern, we are proud to launch Broomstickk as the safest socializing experience to people at large.

It not only operates on its own blockchain system but also has its own currency - VENUS.

We at Broomstickk will make it possible for people to use cryptocurrency in their day to day life as we are merging the world of Social Media, e-commerce, Gaming and much more for an exquisite experience for the consumers, influencers and brands.

Mission Statement[edit]

Broomstickk aims to be the leading video and data sharing social networking website. We want to decentralize video and blog content to give value to creators and contributors in a way that has not been done before. Furthermore, we will use Venus technology that is self-engineered and powered by Masternodes so others can use it to store data, video, and stream content. Using the underlying blockchain technology we want to be the first social content aggregator to unify these advanced technologies. The underlying Venus blockchain technology is top-notch allowing almost free hosting of videos. We believe that we have the opportunity to connect people from all races, creeds, and backgrounds around the world, and improve their experiences, either as content creators or as users and reward them for it.

No CDN Only GRID[edit]

A CDN consists of a group of servers or data centers, located in several geographical areas to serve end users. Simply speaking, CDNs helps deliver contents like web, video or application to end users faster. For instance, end users can send their request to the webserver and the webserver redirects this request to the CDNs. Then the CDNs decides to choose which server to use to serve this user.

In a CDN, the traffic comes from a CDN servers to users (usually user's requests goes to web server instead of CDN), while in a GRID network, every peer is both server and client. Also, GRID network can be completely ad hoc, in essence there's no central server to help find where the desired content is located. Furthermore, we are also using WebTorrent, a GRID network which provides browsers and mobile applications with Real-Time communications capabilities through simple APIs.

By unlocking the distributed computing power through viewers support, the Broomstickk platform will solve some of the two most significant problems in streaming which are scalability and geographical coverage.

Decentralization using Blockchain[edit]

Nodes are the servers that communicate with one another to propagate information across the network, or "grid". There is no central Nodes or single point of failure. Nodes can be connected to as many or as few other Nodes as desired

The Msternode System (AKA GRID)[edit]

The Masternode system is the heart of the social network and the storage service that VENUS will offer to the community. It is powered by two elements, the VENUS and the CDN network DApp which efficiently fulfils an increasingly demand of storage and bandwidth request.

The Masternode network works as a storage system which maintains the social network by making the platform more efficient and sustainable, through the management of unused Masternodes.

The VENUS gets their value through the VENUS Masternode ecosystem which offers users the possibility of renting or subletting their own Masternodes. The system functions in a similar way as the STORJ project where users can lend their storage space to other users.

All users who support the Social Network Masternodes system will be rewarded with a monthly amount of VENUS. This is a great incentive tool that will improve the functionality of the system. The user enjoys peace of mind by knowing that the VENUS are secured in their personal account.

Masternodes are a complete game changer in the social networking space. We have developed our own Masternodes with no setup needed, while other projects in the same space use weaker technology and therefore they need to charge for people to upload content in the social network, but for us, it will be easier. The more users join the network, the more Master nodes are locked up. There are strong incentives to have Masternodes, such as our reward program, so we believe that crypto projects that have these will see more appreciation in their value in the next few years.

Broomstickk Social Network & Venus Economy[edit]

Having a working product is important for the value of the token from both the content creators’ perspective and the viewer’s perspective. We will not give away Venus for free. Instead, both content creators and contributors will have to earn them by engaging on the platform. We will encourage people to produce high quality content and through that, they will rank highly. This will further encourage holding the coin for longer periods of time. These actions will eventually lead to the improved value of Broomstickk social networks and avoid Venus Dilution.

The Venus coin are the currency of the Broomstickk social network, this will permit users to buy special listings for their channel and videos. Users will also be able to offer their personal channel adspace in exchange for Venus and others cryptos. This ad space will cost more in higher level user pages, this will benefit those high-level users, giving them the incentive to earn even more. Additionally, users will be able to buy special features for their personal channel including avatar customization, channel preferences, channel themes, and more.

See Also on BitcoinWiki[edit]