Review on VideoCoin by Victor Nnamah
Videocoin.
Videocoin is a cryptocurrency which operates on the Ethereum blockchain technology, it has a platform which is a decentralized video cryptography, storage and content distribution system, it turns all cloud-based video services into an efficient algorithmic market running, it is currently active in operation. It enables users buy videos from the cloud. It has a native protocol token known as VID.
Videocoin can purchased by only exchange of cryptocurrency other alternative coins because it can not be purchased with any fiat currency. Videocoin can be traded on three known active crypto market, these are Kucoin, Uniswap and Bittrex. On purchase of this coin, I first bought my Ethers with fiat money before I exchanged it for Videocoins using the Kucoin exchange.
In addition, Videocoin can be stored in wallets of which it is listed on, I used a Ledger Nanos as my wallet for storing my available Videocoins which was easy to setup.
In conclusion, the Videocoin platform rewards miners with its new token, it aims to be the first enterprise solution in the crypto economy, allowing for the ingesting and streaming of video contents.
Pros
- It enables users to access video streaming in a decentralized manner.
- It has a user friendly interface.
- It pursues a good vision.
Cons
- I don't know of any down sides.
