VideoCoin is developing a decentralised video encoding, storage, and content distribution network (CDN), powered by the blockchain.
Forecasts predict that internet video will account for 79% of global internet traffic by 2020 – up from 63% in 2015. It is estimated that the world will reach three trillion internet video minutes per month by 2020, with HD and Ultra HD video making up 82% of internet video traffic by then. As the market has grown, current centralised solutions have struggled to perform and scale at the same rate. Current high-end cloud CPU instances provide 1-2 FPS of video processing power but, in order to match current growth, up to 30 FPS will be needed to support 4k VR video in the near future. Though GPU advancements have provided some relief to this problem, the cost and limited encoder configuration has restricted adoption. These costs are then passed on to clients, which create “market oligarchs” and high-priced intermediaries at the disadvantage of the consumer. This combined with data privacy risks, which comes hand in hand with a centralised system, will hinder the growth of internet video as a whole.
Token Sale: TBA | Funding Goal: $50,000,000 | Token Price: TBA
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