SingularDTV Demonstrates their Lightwallet
UPDATE 8-16-2016 11:51 PST: Press Release added below.
The first ever blockchain entertainment studio, SingularDTV, released an instructional video for users who want to create a Lightwallet.
On their site, users can generate the wallet that stores ETH and SNGLS, the token that powers the SingularDTV’s environment. The video states the importance in saving the three items while developing a wallet. Users must save their wallet seed, password, and wallet file. If any of these items are misplaced, your wallet will be lost forever.
Like all wallets, each have a different method on how to receive and send tokens. SingularDTV guides their users through this process. To learn more about it, take a look at the video below!
SingularDTV Releases Ethereum Lightwallet
For ETH and SNGLS
NEW YORK, Aug. 16, 2016 /PRNewswire/ -- SingularDTV announces the release of its Ethereum Lightwallet. This lightwallet stores and transacts both ethers (ETH) and SNGLS tokens. SNGLS are the token that power the SingularDTV ecosystem. The lightwallet can be obtained by signing up for the SingularDTV Newsletter. A seven minute SingularDTV Lightwallet Instructional Video is available for viewing.
SingularDTV's Lightwallet implementation is built on top of eth-lightwallet (https://github.com/ConsenSys/eth-lightwallet). Eth-lightwallet is an HD wallet that can store your private keys encrypted in a browser. This allows a user to run Ethereum applications without running a local Ethereum node. This is the same eth-lightwallet library used by Digix, Metamask, Jaxx and others. Still in beta, this eth-lightwallet is presently not recommended for the storage of large amounts of ETH.
Once the SingularDTV Smart Contract System (SCS) is deployed, SNGLS can be bought directly from this lightwallet or through the Mist wallet using SingularDTV's deployed contracts.
Zach LeBeau, SingularDTV's CEO comments, "The release of the SingularDTV lightwallet along with our Smart Contract System (SCS) in the next few weeks marks the launch of our tokenized ecosystem, essentially the beginning of a decentralized entertainment industry."
The SingularDTV SCS, the technical engine that drives its CODE structure (Centrally Organized Distributed Entity), is scheduled to launch at the end of the summer. The CODE structure, as administered by the SCS, is designed to decentralize real world assets and place them on Ethereum's blockchain - specifically SingularDTV intellectual property in the form of film, television and software projects.
Alternatively, the SCS also directs the flow of decentralized assets to build projects in the legacy world. The SCS then directs the revenue generated from these projects back onto the blockchain via the SNGLS token. All revenue claimed by the SNGLS token is distributed in ETH.
About SingularDTV (S-DTV)
S-DTV is building a decentralized entertainment industry on Ethereum. It is a blockchain entertainment production studio focused on the production and distribution of original science fiction content, as well as educational documentaries about blockchain technology, decentralization and Ethereum. Through developing applications on the Ethereum blockchain, S-DTV is creating a first-of-its-kind rights management platform for the entertainment industry and a world-wide video on demand portal.