What is VideoCoin

The VideoCoin Network is a decentralized video infrastructure platform redefining the process for creating, storing, and distributing digital video content. The project is led by the VideoCoin Development Association Ltd. (Cayman Islands). The VideoCoin Network is the first blockchain project to integrate a third party fiat payment processor, underpinned by a consortium of banks. The model is optimized to enhance the utility of the VID as a reputational staking token that powers the network and ensures that the most qualified network operators are serving customer needs. Think of it like Uber or AirBnB for video delivery over the internet.

Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Seth Shapiro is a two-time Emmy Award winner and a leading advisor in business innovation and media. His impressive accolades include being the Governor of The Television Academy and Professor at USC. Seth has launched over 25 services at DIRECTTV, including NFL Sunday Ticket Interactive and TiVo, the world’s first major DVR platform.

Where can I buy Vivid Labs (VID) token token?

He was also a Senior Product Manager previously at Cloudera after completing his MBA in Berkeley. Between end-to-end encryption and decentralization, VideoCoin will also enhance security over existing systems. It will even allow for new generations thanks https://www.tokenexus.com/ to its open APIs and development based on open-source materials. Create vibrant, updateable NFT experiences combining multiple media assets of any type. Every NFT minted on the VIVID platform gets up to 32GB of free storage on the Filecoin Network.

Finally, relay miners earn tokens by relaying storage on the third-party servers. The more bandwidth and storage they provide, the greater their rewards. VideoCoin requires incredibly quick transaction times since it was built to power the video streaming on the network. It relies on a useful proof-of-work algorithm to use GPUs and CPUs’ hardware-accelerated video functions. It also has a unique proof-of-stake model that powers the decentralized video infrastructure, which itself is complex.

Vivid Labs

These video miners can run on data centre servers, household desktop computers or even mobile phones, creating a powerful network of computers which would otherwise go unutilized. VideoCoin incentivizes miners to use such unused resources and provide as much computation power, storage and bandwidth available. The supply of VideoCoin is under the control of an asymptotic function that halves the block rewards every four years. By year 10, about 93 percent of all mineable tokens will have been distributed.

There are a few different wallets that VID can be stored in. Some of the most popular VID wallets include the MyEtherWallet, Jaxx, and What is VideoCoin Exodus. The Proof type of VideoCoin is a proof-of-stake cryptocurrency. First, you will need to find a wallet that supports videoCoin.

Desktop Wallets

Validators with larger stakes get chosen more often and earn substantially more in rewards. What stands out about this launch is that this is the first blockchain project to integrate a third party fiat payment processor, underpinned by a consortium of banks. The model is optimized to enhance the utility of the VID as a reputational staking token that powers the network and ensures the most qualified network operators are serving customer needs.

What is VideoCoin

It is based on the Ethereum blockchain and uses the ERC20 token standard. VID is intended to be used as a means of payment for goods and services online, and its developers believe that it has the potential to become a popular alternative to traditional payment methods such as credit cards and PayPal. As of February 2019, VID had a market capitalization of $2.1 million. VideoCoin is valuable because it is a digital currency that uses blockchain technology. Blockchain is a distributed database that allows for secure, transparent and tamper-proof transactions. This makes VideoCoin an attractive option for online payments and other transactions.

To solve this we support a metadata approach that utilizes ERC721 and ERC1155 but extends it to support digital media rights and tracking ownership transfers across established NFT platforms. This is exactly what VideoCoin was built to do — be the developer-enabled ecosystem where next generation video applications are imagined and built. Over the past three months, we’ve watched as non-fungible tokens (NFTs) have reimagined the value of digital imagery. But we believe that video + NFT will be an immensely more powerful combination. GamesBeat’s creed when covering the game industry is “where passion meets business.” What does this mean? We want to tell you how the news matters to you — not just as a decision-maker at a game studio, but also as a fan of games.

Vivid’s streamlined Shopify integration enabled NSTto realize their vision of offering an array of media-rich, advanced NFTs,in sync with their core purpose of a deeper connection with Mother Nature. Create and share NFTs for free on the VIVID Playground, and experience the power of the VIVID Platform. Vivid again powers NST’s exciting new NFTs to accompany the Winter Season. CoinCarp(CC) provides Crypto Price Tracking, Exchange Ranking, Crypto Wallet Ranking, Crypto Data Analysis, and Crypto News & Information.