{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/9f9534addf404276a082ae988fdac647\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/9f9534addf404276a082ae988fdac647-00001.gif","duration":176.498,"title":"Using HCS to Build an Auction System","description":"In this video, I discuss the benefits of using HCS Hedera Consensus Service to build an action system. I explain how action of valuable resources leads to better price discovery and maximizes profit for owners. I highlight the advantages of HCS, including its affordability, fair and older timestamp, verifiable delay function, and commit reveal skin. I also mention that HCS serves as both the consensus mechanism and the publish-subscribe mechanism. Finally, I demonstrate a name service example and show how messages are passed on the HCS system."}