VideoCoin

VideoCoin VID

$0.0644
Market Cap $ 9.392 MM (#503)
24h Volume $ 218.287 K
Chg. 24h: -8.57%
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VideoCoin project purpose and description

VideoCoin clarity of purpose

VideoCoin purpose and aspects

VideoCoin (VID) is a cryptocurrency token and operates on the Ethereum platform. Videocoin network is a decentralized video encoding, storage, & content distribution network.

Short description

VideoCoin is a decentralized video encoding, storage, and content distribution system that turns all cloud-based video services into an efficient algorithmic market running on a new blockchain with a native protocol token, the VideoCoin (VID).

Abstract

Video constitutes a staggering amount of internet data and by 2021, it is predicted to form 82% of all Internet traffic.Video has historically been a driving force for innovation on the Internet, just like Bitcoin and Ethereum have been for decentralized networks.VideoCoin brings these two revolutionary ideas together by building a decentralized video infrastructure that will power the next generation of video applications. VideoCoin is a decentralized network that provides cloud video infrastructure like video Encoding, Storage and CDN in the form of a peer-to-peer algorithmic market. VideoCoin runs on a new blockchain with a native protocol token where miners earn VideoCoins by providing video infrastructure services and clients spend VideoCoins to rent these services.

Link to Roadmap: https://www.videocoin.io/roadmap/
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