Joystream Review: What to Know Before Using JOY
Joystream is a Layer 1 blockchain project focused on decentralized video and uses JOY for network participation. Its overview is not enough to judge costs or safeguards, so verify those before using funds.
By the SkyBitcoins review team · Updated
At a glance
Joystream key facts
| Type | Independent Layer 1 blockchain |
|---|---|
| Focus | Decentralized video publishing |
| Token | JOY |
| Network features | Staking, governance, content and storage |
| Updated |
Joystream FAQs
What is Joystream?
Joystream is an independent Layer 1 blockchain project focused on decentralized video. Its handbook covers network functions such as staking, governance, content and storage.
How can you earn JOY?
The handbook lists roles including validators, council members, content curators and contributors to bounties as ways to earn JOY. That does not guarantee earnings; check each role’s requirements and current terms before taking part.
What should you check before using Joystream?
Joystream’s transaction fees and any costs for using video applications are unclear. Its audit status, licence, custody model and incident history are also unclear, so check current details and the fee shown by your wallet before committing funds.
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How we checked
Sources
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