Question 1

How does Joystream compare to LBRY for decentralized video?

Accepted Answer

Joystream is built on Substrate, offering modularity and potential Polkadot ecosystem integration, while LBRY uses its own blockchain focused on content discovery. Joystream emphasizes full-stack infrastructure and community governance, whereas LBRY prioritizes user-friendly content sharing.

Question 2

How to set up a storage node on Joystream?

Accepted Answer

Follow the storage node documentation in the mono-repo, which involves building from source using the provided scripts and configuring storage infrastructure. Participation requires joining working groups and meeting network requirements, as outlined in the handbook.

Question 3

What are the costs of running a Joystream validator?

Accepted Answer

Costs include hardware for a full node, staking tokens for validation, and operational expenses like bandwidth and storage. Specific details on token economics and setup are available in the validation handbook linked in the README.

Question 4

Can Joystream handle live streaming?

Accepted Answer

The distributor node supports content delivery, but live streaming capabilities are limited by decentralization, potentially causing higher latency compared to centralized solutions. The network's design focuses more on on-demand video with community governance.

Question 5

How does Joystream's governance model work?

Accepted Answer

It uses Substrate-based governance modules where token holders propose and vote on changes, with roles like council members and working groups managing platform aspects. This is detailed in the GitBook documentation for system roles.

Question 6

Is Joystream compatible with other Substrate parachains?

Accepted Answer

As a Substrate-based chain, it can interoperate with other parachains in the Polkadot ecosystem, but integration requires custom runtime development and may not be out-of-the-box, depending on specific use cases.

Joystream

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