GlobeNewswire - VideoCoin Passes $35MM To Take On Amazon and Google Cloud Video Services

“We are convinced VideoCoin will revolutionize the video streaming industry.”

- Michael Novogratz | Head of Galaxy Investment Partners

Video is responsible for over 80% of all internet traffic.

Yet operation and innovation in the video space is limited by crippling obsticles.

Challanges of current Internet video infrastructure

  • regulations
    Video service provider quality of service experience open to impact of regulation / deregulation moves.
  • privacy
    Distribution and consumption transaction records transparent to providers and government entities.
  • centralization
    Vendor lock-in limits flexibility on pricing and feature sets and brings single point of failure risk.
  • costs
    Rising Costs
    Transition from broadcast to fast-growing IP-based delivery has skyrocketed media company costs.

The VideoCoin Network

That's why we are building the VideoCoin Network - 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, the VideoCoin (VID).

Join Private Sale
Introducing Introducing
  • Lower Costs
    By deploying unused compute resources costs will lower 50% to 80%.
  • Disintermediate market oligarchs
    With peer-to-peer video processing, distribution and storage.
  • More Security
    Less risk through decentralized, end-to-end ecription.
  • Enable New Applications
    Open APIs & open source-based development allows for a new generation of applications to emerge.

Leveraging the Blockchain

Encoding and Storage
Encoding and Storage tasks are submitted to the VideoCoin Network along with encoder configuration parameters like bitrate, codec, and output containers format, along with an ASK price. Miners compete with other miner to win bid and provide compute power or storage space.
Retrieval and Distribution
Retrieval and Distribution tasks are submitted to the VideoCoin Network along with CDN configuration parameters like geographical region and bandwidth. Miners compete with others to win bid to retrieve videos from storage miners and distribute it to end-consumers, like a CDN.

Native protocol token

VideoCoin Blockchain is specifically built to power video streaming which requires super fast transaction times. It uses useful proof of work to make use of Hardware accelerated Video functions on GPUs and CPUs and implements a novel proof of stake model to power complex decentralized video infrastructure.

How to participate and earn VideoCoins
  • Storage miners

    Storage Miners

    Earn Tokens to store videos. More storage pledged, better rewards.

  • Distribution miners

    Distribution Miners

    Earn Tokens to deliver videos (like a CDN). More bandwidth, better rewards.

  • Compute miners

    Compute Miners

    Earn Tokens for providing CPU time (for transcoding). More compute, better rewards.

  • Relay miners

    Relay Miners

    Earn Tokens to relay storage on third party servers (e.g., unused capacity on AWS), More storage + bandwidth, better rewards.

Engineering Team

  • Alexander Didenko

    Alexander Didenko

    Software & Cloud Engineer

    Alex is an expert on cloud software architecture and development. At Intel, Alex led video validation and automation tools development.

  • Alexander Korshak

    Alexander Korshak

    Android Engineer

    As an expert Android developer, Alex has led development efforts on multiple complex video editing and streaming Android apps.

  • Gregory Fotiades

    Gregory Fotiades

    Software Engineer

    Greg is expert in Linux-based software, systems, and software architecture. A former member of Intel’s Media Graphics team.

  • Shalin Mehta

    Shalin Mehta

    Software Engineer

    Shalin was most recently video encoding lead at Harmonic where he developed state of the art video encoding techniques.

  • Dominik Seibold

    Dominik Seibold

    Software Engineer

    Dominik is an expert media processing developer of video-oriented applications across platforms, with several reaching the Top-10 in the iOS App Store.

  • Alexander Sysoev

    Alexander Sysoev

    Dev Ops Engineer

    Alex is a DevOps expert with extensive knowledge in Linux and cloud systems. As the in-house DevOps expert, Alex has built and maintained a cloud.

  • Dmitry Serkin

    Dmitry Serkin

    Software Engineer

    Dmitry is a full-stack expert in video processing, distributed cloud computing, backend development and DevOps. Previously a member of the Intel's Media Graphics team.

  • Alexander Polovnikov

    Alexander Polovnikov

    Software Engineer

    Alex is a Software Engineer with 10 years of experience in the industry, specializing in frontend development.

Our principles

As we proceed with the development and deployment of the VideoCoin Network and issuance of the VideoCoin Token, we'd like to express the principles on which this effort rests. Our Principles is meant to describe what we believe and how we intend to conduct ourselves in serving VideoCoin’s community of users, miners, the global crypto-currency and development communities, application developers, and you.

  • 1

    Our goal is to build the next generation Internet video infrastructure.

  • 2

    We are a team of accomplished media and technology experts passionate about creating the future of video.

  • 3

    The VideoCoin Network is video services infrastructure that uses the blockchain.

  • 4

    We will be transparent throughout - from token sale, to operation of the VideoCoin Network, and in all future endeavors.

Ready to join the revolution?

The VideoCoin Network is a decentralized video platform that is redefining the process of creating, storing and distributing video content. We are revolutionizing the massive video services market and we want you to be part of it!