TRANSCODIUM
TRANSCODIUM
This will create a global market for users, willing to rent their idle machines to be employed (miners). Furthermore, at the end of the transcode process, the worker (processor) will be rewarded with TNS tokens that may be exchanged for any currency or may be sold to customers (the originator) who need this token to use on our platform.
Transcodium will handle all 3P's (Privacy, Pricing, and Processing Power) in an instance, there will be no limit to how much processing power Transcodium will produce 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 his job before the allocated deadline.
Problems Identified
With the current cloud transcoding platform, the following issues and limitations are identified:
The Cloud transcoding platform 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 the files to be processed are queued, until the time is processed, causing frustration on the customer side waiting for 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 other formats such as image and document formats.
SOLUTION OUTLINED TO THE PROBLEM
Here is the proposed solution to the above problem:
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.
Token Sale.
Token name: TNS
Pre Sell Period: 07/01/2018 00:00 UTC to 28/02/2018 00:00 UTC
Supply: 120,000,000 TNS
Sale: 86.4 million TNs
Emission Level: No new token will be created
Accepted Currency: ETH, BTC, LTC
Minimum goal: $ 500,000 USD
Maximum goal: $ 30,000,000 USD
Token Price: 1 TNS = $ 0.376 USD
BONUS AND DISCOUNTS
PRA ICO
ICO
Further Information:
WhitePaper: https://transcodium.com/files/whitepaper.pdf
Website: https://transcodium.com/
Twitter: https://twitter.com/transcodium
Telegram: https://t.me/transcodium
Facebook: https://www.facebook.com/transcodium/
Author : Eslilin667
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1592209
Eth Address : 0x8BF5F2559AeAe3f5CBf48cD6994A3fDb9B2Bc0a8
Transcodium aims to provide first-run, decentralized, peer-to-peer media for transcribing, editing and distribution platforms with computing power of quality and dependability at a very affordable price.
This will create a global market for users, willing to rent their idle machines to be employed (miners). Furthermore, at the end of the transcode process, the worker (processor) will be rewarded with TNS tokens that may be exchanged for any currency or may be sold to customers (the originator) who need this token to use on our platform.
Transcodium will handle all 3P's (Privacy, Pricing, and Processing Power) in an instance, there will be no limit to how much processing power Transcodium will produce 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 his job before the allocated deadline.
Problems Identified
With the current cloud transcoding platform, the following issues and limitations are identified:
The Cloud transcoding platform 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 the files to be processed are queued, until the time is processed, causing frustration on the customer side waiting for 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 other formats such as image and document formats.
SOLUTION OUTLINED TO THE PROBLEM
Here is the proposed solution to the above problem:
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.
Token Sale.
Token name: TNS
Pre Sell Period: 07/01/2018 00:00 UTC to 28/02/2018 00:00 UTC
Supply: 120,000,000 TNS
Sale: 86.4 million TNs
Emission Level: No new token will be created
Accepted Currency: ETH, BTC, LTC
Minimum goal: $ 500,000 USD
Maximum goal: $ 30,000,000 USD
Token Price: 1 TNS = $ 0.376 USD
BONUS AND DISCOUNTS
PRA ICO
ICO
Roadmap
Further Information:
WhitePaper: https://transcodium.com/files/whitepaper.pdf
Website: https://transcodium.com/
Twitter: https://twitter.com/transcodium
Telegram: https://t.me/transcodium
Facebook: https://www.facebook.com/transcodium/
Author : Eslilin667
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1592209
Eth Address : 0x8BF5F2559AeAe3f5CBf48cD6994A3fDb9B2Bc0a8
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