Explain like Im 5: VideoCoin Part 1 by Devadutta Ghat VideoCoin

What is VideoCoin

Vivid again powers NST’s exciting new NFTs to accompany the Winter Season. I’ve done a bunch of things you’re probably familiar with and a lot of them have involved launching platforms. If you want a more technical introduction to video codecs, this is a great resource.

What is VideoCoin

Bridging Worlds: How eSports & Cryptocurrencies Are Redefining Digital Engagement

  • VIVID creates NFTs from any type of media, including JPEGS, video, audio and more.
  • Two other parts that were sort of key catalysts was one, realizing that there’s 20% to 30% of servers that sit in data centers that are totally unused.
  • The bitcoin price has fallen back from its recent peak of around $73,000 per bitcoin, dragging down …
  • What the blockchain does is it allows for information and payment to flow together.
  • This mimics typical DRM schemes found in other media formats, implemented on a powerful asset-by-asset basis – and it travels with the NFT+ across resales.

Halsey Minor, who previously founded CNET and Salesforce, is now heading up VideoCoin, a project aiming to remove the limits for video NFTs. VideoCoin has teamed up with decentralized storage service Filecoin to crack the storage problem. The aggregated storage capacity https://www.tokenexus.com/usdt/ of the entire Filecoin network already exceeds over 2.5 billion gigabytes – enough to store 725 million 1080p high-resolution movie files. VideoCoin has a unique blockchain technology that allows users to share videos, earn rewards, and vote on content.

The Web3 toolset for the new generation of content experiences

Since video accounts for such a large chunk of internet traffic, it should run seamlessly and efficiently. Despite this, there are numerous obstacles in the way that limit its potential and use. CNET editors independently choose every product and service we cover.

How do I buy bitcoin?

And because we are a distributed and decentralized network, we do it cheaper (like 50,000x cheaper than Ethereum at the time of publishing this blog). Each Bitcoin is a digital asset that can be stored at a cryptocurrency exchange or in a digital wallet. Each individual coin represents the value of Bitcoin’s current price, but you can also own partial shares of each coin.

What Is BitTube? – An Aspiring Bitcoin YouTube – CoinCentral

What Is BitTube? – An Aspiring Bitcoin YouTube.

Posted: Wed, 25 Jul 2018 07:00:00 GMT [source]

VideoCoin (VID) Web and social networks

It takes existing cloud-based video services and turns them into an efficient algorithmic market. The entire thing runs on the new blockchain developed by the team and uses VideoCoin (VID), the native protocol token. VIVID creates NFTs from any type of media, including JPEGS, video, audio and more. Its advanced decentralized video processing infrastructure handles the complex tasks of video encoding and transcoding, and cost-effectively processes video of any length and format – from TikTok videos to feature-length movies. Many of the advantages of VideoCoin over existing video service providers are due to its leverage of the blockchain, which it does in several ways.

Explain like I’m 5: VideoCoin (Part

Without a government or central authority at the helm controlling supply, “value” is totally open to interpretation. This process of “price discovery,” the primary driver of volatility in bitcoin’s price, also invites speculation (don’t mortgage your house to buy bitcoin) and manipulation (hence the well-documented talk of tulips and bubbles). Bitcoin Bitcoin and cryptocurrencies—including major coins ethereum and XRP XRP —have fallen ahead of the Federal Reserve’s interest rate decision this week (though some think the Fed could be blown out of the water). As Bitcoin has grown in popularity and value, competition for the rewards offered by mining has grown steeper. Most miners now use specialized computers designed just for that purpose.

What is VideoCoin

VideoCoin Network 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. VideoCoin aims to enhance the way that users experience, store, and process videos. As a decentralized video platform, VideoCoin makes improvements over What is VideoCoin traditional video platforms by leveraging blockchain technology. The presale has already ended, and tokens will be distributed soon, with the product launch next year. VideoCoin does have a great deal of potential considering the solid team behind the project and the significant percentage of internet traffic that is dedicated to videos, undoubtedly making this a project to watch.

What is VideoCoin

Flexible API for custom builds

  • NFTs gained enormous traction in 2021, merging the digital art market with blockchain technology.
  • VideoCoin is a digital asset designed to support video content and its distribution.
  • From zoos to theaters until you could essentially drop into any location around the world because these cameras are streaming live.
  • A good video transcoding program will be able to convert multiple file formats and codecs.
  • Utilizing VideoCoin Network technology, BVRN is partnering with the most important crypto influencers and content providers from around the world to bring blockchain to VR.
  • CoinCentral’s owners, writers, and/or guest post authors may or may not have a vested interest in any of the above projects and businesses.
  • Today this infrastructure (which was called the VideoCoin Network) is the foundation of the full-stack tech solution that makes turnkey NFT publishing possible with the VIVID platform.

Theta has attracted investment from Samsung and Sony to develop its peer-to-peer video distribution network. Theta is building its own network of storage and distribution and will accommodate the number of nodes to host all the video content on its network. VID is a new cryptocurrency that was created in early 2018. It is based on the Ethereum blockchain and uses the ERC20 token standard.

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