Ripple (XRP) Suggestions / Donations now compatible with YouTube and Twitch via The Coil Network
Content creators' gratification has just arrived at a new level following the Coil and XRP integration towards the end of August Today platforms can integrate Bobina and receive suggestions from content consumers via the TipBot XRP link with Coil .
Reel web developed by Ripple former Stefan Thomas, today boasts an integration with YouTube. Other platforms connected to the platform include the Internet Archive & Twitch.
This network is currently under development beta, Coil's goal is to enable content monetization. At present, integrated platforms like Twitch and YouTube allow consumers to donate to their creators of favorite content. Wikipedia is also in the area of Coil-enabled donation. Nik Bougalis, a well-known cryptographer and coin lover tweeted on the integration of Coil's network,
I added @coil integration to my blog via @xrptipbot following the instructions of @ haydentiff.To only one couple of minutes and it works great.
to start writing interesting content on a regular basis!
The History Of Coil
This project started some time ago when Stephan Thomas withdrew from Ripple to work on his own cryptography project. Its architecture is based on an Interledger protocol designed to capture the content management and micro payments space. Fortunately, Thomas has left Ripple in good condition because the Coil functionality will depend on the Ripple native "XRP" token to complete the ecosystem.
Coil's operations in monetizing online content and facilitating micropayments will be powered exclusively by the XRP token. The idea inside the Coil project will change the difficult world of micropayments, thus increasing the adoption of Ripple. In addition, the old content support system with paid ads will soon be tackled by such blockchain networks.
The market has not yet understood the fundamental value of Coil, but is destined to change over time. So it would not be surprising to see the technology integrate multiple platforms in particular with a growing freelance market. In his own words, Thomas said that
"Coil will use Interledger to make the web a livelier market for apps and content, where everyone's contributions are rewarded."
Other platforms in the market that work on a similar idea to Coil include Steemit. However, this competitor faced challenges in terms of equity of the Steemit ecosystem. Content creators have discovered numerous ways to use bots to increase their intellectual property ratings.