YOYOW officially joined the Public Chain Technology Alliance (PCTA) In January 2019. The technological development of the public chain is particularly important for the application of the blockchain. The long-term health of the public chain is the most important concern of the practitioners and blockchain enthusiasts. As a public chain network focusing on content platforms, YOYOW will take the cooperation with PCTA as an opportunity to work together with alliance partners to further enhance the inter-chain communication of public chain technology, and promote the technological development of the industry and the implementation of application scenarios.
The Public Chain Technology Alliance (PCTA) is initiated by the Bitsclub Vision Program (BVP). It aims to form an open, cooperative and inclusive alliance and break the vicious competition among various public chains thus to line up their isolated ecosystem.
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Alliance partners will jointly explore and set public chain technical standards. Partners will connect their ecosystem and developer communities, display their respective strengths and jointly promote the standardized and benign development of the blockchain industry. In addition, Alliance partners will provide technical support to qualified projects of BVP, thereby laying a solid technical foundation for the blockchain to carry high-quality incremental users, and support BVP to realize its vision: to introduce 100 million incremental users to the blockchain world.
YOYOW, named from “You Own Your Own Words”, aims to build a blockchain-based content value network. Prior to the emergence of blockchain technology, large social media platforms usually adopt a centralized network structure and take substantial amount of traffic dividends from users. YOYOW hopes to distribute the traffic dividends more reasonably to content producers, content supporters, content filterers and eco-builders through token incentives to achieve a decentralized content value distribution mechanism.
After the content platforms integrate with the underlying network based on YOYOW, the users controlling the unified private key can realize cross-site login to content platforms without relying on the centralized website. The traffic generated by users’ browsing, giving likes, and producing high-quality content will not be concentrated in the hands of large companies, but will be monetized through the YOYOW network and returned to related participants. YOYOW’s efforts to implement the public chain technology will bring great changes to the UCG industry.
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The YOYOW project was set up in March 2017 and the YOYOW mainnet was officially launched in September. So far, the underlying network of YOYOW has been iterated for many times and now is in a stable operation stage. Further technical development has also been continuously carried out. In September 2018, YOYOW officially opened the core source code of its blockchain.
In terms of ecological cooperation, many qualified content platforms have been integrated with the YOYOW network, such as Biask, the MDL Talent Hub, WeCenter, etc. The technical support provided by YOYOW enables the professional content platforms to gain benefits, allowing valuable knowledge to be known by others notwithstanding the threat of traffic hegemony. In addition, YOYOW is also continuously striving to expand the scope of cooperation.
Up till now, as many as 38 companies have become partners of the Public Chain Technology Alliance. These partners are the leaders of different areas in the current public chain industry, having a clear technical vision and diversified ecology. They also have different technical characteristics to meet the needs of a wide range of business scenarios. YOYOW hopes to form an open and cooperative alliance with these partners to promote the integration of resource superiority, continue to explore the development of public chain technology and application forms, and realize the original intention of the Public Chain Technology Alliance.
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