As an ecosystem consisting of a series of decentralized applications, the core of ugChain is a decentralized account system (DAS) based on blockchain technology. The system has built-in exclusive token UG Token (UGC), which simultaneously has the equity attribute and monetary attribute. DAS (Decentralized Account System) is based on Ethereum (The UG Token Contract), and consortium blockchain (Consortium Blockchain Smart Contract) and saves all information in the blockchain network, the globally equivalent blockchain node protect the security of the system.
BitTube as a company offers several products that make up an ecosystem. At the heart of this ecosystem is a blockchain-based technology called AirTime, an ad-free monetisation solution that pays a cryptocurrency (TUBE) based on watch time of any type of content. Payouts are taken from a slowly decreasing block reward, calculated based on a user’s AirTime compared to the grand total AirTime per each block. More information can be found at https://bittube.app