[Press Release] tune.fm has officially deployed to mainnet a new token protocol for Hedera Hashgraph. This new protocol utilizes an unprecedented sharding architecture that is necessary to scale token smart contracts on distributed public ledger provider Hedera Hashgraph. This represents an evolution of the ERC20 standard token protocol built for Ethereum since it adapts to and builds upon the unique architectural differences of the Hedera DLT versus Ethereum blockchain. Some of the advantages of Hedera over Ethereum are bank-grade security through its aBFT (asynchronous byzantine fault tolerant) consensus algorithm, lightning fast throughput speed, and minimal fees which are all possible…
tune.fm launches new sharded smart contract token protocol on Hedera Hashgraph
It was a long journey to get from our initial idea to build a decentralized token for micropayments to where we are today with an entirely new token protocol utilizing a novel parent-child sharding architecture specifically for scaling smart contracts on Hedera Hashgraph. At the outset, our concept was simple: if one could deploy ERC20 tokens on Ethereum, then one should presumably be able to deploy a similar token standard on Hedera’s smart contract service, which incorporates the Ethereum Virtual Machine (EVM). What we learned the hard way was…
We’ve all heard the trope “starving musician” before since musicians are typically living hand-to-mouth, hardly scraping out a living going from bar to bar to play live shows and sell merchandise. Now with COVID19 closing down all bars and live music venues, independent musicians’ primary revenue source was abruptly cut off, leaving them with no way to sell tickets or merchandise. Some musicians have part time jobs due to their unpredictable schedules, which they have in most cases also lost. Many do not have the ability to apply for unemployment and many have not filed tax returns to receive their…
The JAM token will enable global micropayments for artists and fans from streaming and curating music
PHILADELPHIA, Aug. 21, 2018 /PRNewswire/ — Today, hearo.fm (https://token.hearo.fm) announced that they have selected the Hedera Hashgraph public distributed ledger platform upon which to build their global music streaming platform token called JAM. Hearo.fm Inc. is launching a fully tokenized music economy called tune.fm that enables artists to get paid for every stream of their music and fans to earn tokens by curating trending music on the platform.
The Hedera Hashgraph platform will offer a public, distributed ledger that enables anyone to easily develop…
