Review on VideoCoin by Toprak Dere
About VideoCoin
VideoCoin; It is a decentralized video encoding, storage and content distribution network. Videos generate an enormous amount of internet data and are expected to account for 82% of all internet traffic by 2021. With the innovations brought by Bitcoin and Ethereum for decentralized networks, videos have also brought to the internet and have been a driving force in this sense. VideoCoin combines these two revolutionary ideas by creating a decentralized video infrastructure that will power next-generation video applications.
VideoCoin wants to solve these problems. Problems in the current internet video infrastructure:
* Existing video service providers are open to the impact of regulations on quality of service.
* Transaction records for distribution and expenditure are visible by content providers and government agencies.
* Centralized structure.
* High costs.
On the VideoCoin platform; Miners can earn VideoCoins by providing video infrastructure services. Customers spend VideoCoin to rent these services.
Pros
- VideoCoin Network; It uses Blockchain to completely renew the way you create, store, encode and distribute your content.
- You can convert unused computing power into money by performing tasks on the VideoCoin Network. Install the software of the project on your computer and start experimenting.
- future is bright and roadmap is perfect
Cons
- none
