Blockchain can’t compress files from 2GB to 20KB – that’s impossible



pied pier blockchain dotplay 796x448 - Blockchain can’t compress files from 2GB to 20KB – that’s impossible
A blockchain startup is claiming it has developed an algorithm that can dramatically reduce the size of digital files. If its technology is legit, it would help reduce the size of files 10,000 times – from 2GB to 20KB. Oh, and it’s launching an ICO for $50 million. The startup, called DotPlay, demonstrates its “so called” compression algorithm in the latest episode of CNBC’s Crypto Trader show. In which, host, Ran Neu-Ner visits the startup to see the tech first hand. DotPlay is claiming it uses blockchain for two things: To control view rights to content; and to run its…

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