(ICO). Transcodium. Platform for Transcoding, Editing and Distribution of Decentralized Media. Blockchain. P2P. Token TNS

Transcodium aims to provide the first and most decentralized peer-to-peer media for high quality copy, editing and distribution platforms with computing power and reliability at very affordable prices. This will create a global market for users, willing to rent their idle machines for use as a working tool (miners). Then, at the end of the transcode process, the worker (processor) will be rewarded with TNS tokens that can be exchanged for any currency or may be sold to customers who need this token for use on our platform.

Transcodium began as a Medianap in 2015 with a visual cloud and transcoding editing platform, but retired from business due to the high cost of cloud servers, we were unable to compete with existing platforms and had to move on to other businesses. In 2016, our team decided to look at opportunities through blockchain technology and decentralization. Unlike the previous platform, Transcodium Network will be completely autonomous without human intervention.

Transcoding is the process of converting from one file format to another preferred and compatible format Before your favorite social media platforms or streaming sites like Youtube or Netflix make videos available to you, they will turn this video into several formats to support various devices such as smartphones. , laptop and computer, TV and others, because each has different capabilities. Some videos may fail to play through a slow internet connection, this type of video also needs to be converted into a lighter format in order to be smooth.

Recently, the world has seen a tremendous increase in the media industry, from video advertising to streaming media, yet, due to the high cost of cloud transcoding services, it is very challenging for start-up companies and low-budget companies that need it. services.

Since the emergence of cloud technology, the transcoding industry has grown on a very large scale. We are famous for companies like Netflix, Amazon Prime, Vimeo, Youtube, and etc, who transcribe terabytes of data every day, investing a large amount of their revenue on media file conversions. The current report also predicts that, by 2019, the transcoding market will grow by 15 percent CAGR globally, reflecting the enormous scope to grow.

The concept of transcoding is always limited to the conversion of video and audio files, but its size is larger to take all types of files such as PDF, HTML, Word Document and convert it into a preferred format.

Transcodium will probably handle all 3P's (Privacy, Pricing and Processing Power) in a for example, there will be transcodium that can be generated from its network. The transcodium network will be available to its target customers at a lower price than the current market. price.

Transcodium's unique algorithm will allow the conversion of media files at supersonic speed by splitting large media files into very small pieces and then being encrypted, compressed and sent to workers (idle devices) for processing. Because of the lightness of each piece, this task will be transferred and processed at a very fast speed, even a smartphone can process it. Token will be rewarded for every worker who completes the task before the allocated deadline.

The
Cloud Transcoding Platform issue is too expensive and scares the beginners, who need their services. Existing companies must spend more than half their revenue just to process this media file, which is not encouraging.

Prolonged processing time due to hardware limitations. Cloud transcoding platform has a hardware hard limit, therefore, all files will be processed as queued, causing frustration on the customer side pending processing.

Due to the central nature of the platform, server outages or downtime can lead to the overall failure of the transcoding process to waste time, money and resources.

Most transcoding platforms are limited to media file formats, making it very difficult to convert formats.

The solution

Blockchain and decentralized technology models enable the provision of cheaper and reliable alternatives to cloud transcoding.

Due to the unlimited processing power, all thanks to the workers, the files will be transcoded in very fast speed, eliminating the long queue and waiting time.

Single transcoding requests will be processed by multiple nodes and workers, so a one-node or worker outage will have no effect on the process, making it more efficient and time-saving.

Transcoding is not just limited to audio and video only, but also other file formats such as pictures and documents.

Market Overview

The transcodium network will allow customers to harness unlimited processing power in large compensation for the task. Customers will be able to choose the price of the price range provided by TNS regulations, the higher the price of file conversion and vice versa.

Customers can choose where to export the files once they are processed, destinations like facebook, youtube, twitter, SFTP, Amazon AWS, Google Drive and others will be supported. Multiple destinations are supported. The first goal is always free, the other next destination will be the cost that will be given to the master node that process it.

Before processing any file starts, the application will approve, once approved, the initiator wallet will be debited. The debited amount will be refunded if the processing fails. The customer will need a TNS token to pay for each transaction on the network.

On the Transcodium roadmap is a wallet plan. The wallet is said to include features linked to the exchange, making the token conversion easy for workers. I think this is a great add. Transcodium Token (TNS) is a standard token of ERC20.