Transcodium Is A Decentralized P2P Platform For Transcoding Files

Transcodium is a decentralized P2P platform for transcoding files. The goal is to provide all parties who want to lease the device capacity through which decentralized file processing will be done. It should be noted specifically that the work will be paid remuneration. Users who have received their token, without much difficulty, will redeem it with any currency or give it to other customers who need to purchase system coins. The original algorithm allows you to convert files at amazing speeds, break large blocks into small ones, encrypt them, compress them, send them for further processing. Processing speed is determined by the weight of each block that is not significant. That is, even a cheap smartphone can easily overcome the analysis. The device owner who completes the assignment at the specified time, is eligible for the bonus.

Transcoding is the process of converting file formats to other desired and compatible formats. Before social media platforms or streaming sites like Youtube or Netflix offer videos, you need to convert those videos into multiple formats to support different devices like smartphones, laptops and desktops, TV and more. Each has different capabilities. Some videos may even fail on slow Internet connections, this type of video also needs to be converted to a lighter format for smooth streaming.

This idea has evolved over the years. Previously, the project was called Medianap. Founded in two thousand and fifteen years. But the high cost of implementing technical measures (cloud server) is forced to leave the business. In two thousand and sixteen, the team decided to optimize the process and focus on decentralization and blocking. The new approach to this problem will make Transcodium a fully autonomous platform that does not require human intervention. By the way, all necessary certificates are available. Before the company receives a high-reliability certificate, which enables the browser's green address bar (EV SSL), it is necessary to bypass the necessary checks related to the identification, authentication of necessary documents, provide information about the people who lead the project, etc.

The finished product and its plans for further use are readily available. Currently, work is under way in blockade technology and smart contracting. For what To provide services at low prices, that is to be competitive.

Why Transcodium is an exciting project:

The reason why Transcodium is a project that appeals to investors, beginners and developers is:

@ Uniqueness of the project:

We are the first company to migrate from cloud transcoding platform to blockchain.

1. A very large market size: The transcoding and media distribution industry is growing very rapidly. Social networks add streaming capabilities to their platforms, streaming sites on demand replace traditional TV, news agencies publish news using audiovisual format, ad networks now broadcast video and audio ads, and more others. All the services mentioned above need to convert their media files to support multiple devices and that's where we come in.

2. Expensive, fast and reliable services: Our competitors (Google Cloud, Amazon Transcoder, Zencoding ..) are currently the cheapest cloud platforms available, but we will be the cheapest and fastest because of unlimited resources. which will be given by our workers (miners), thus increasing the demand for our services causes a massive increase of token prices as it is in accordance with the law of demand and supply, the highest demand, the highest price.

3. Limited corner offer: Our corner offer is set at $ 120 million, which is good news, because at cornermarketcap.com, all corners and coins under 200 million do very well.

4. Successful business founder registration and verification: All serious projects must first register the company and inspect all the founders to prove their seriousness to their investors.

5. Existing products: We have existing products where we migrate to blockchain, we are already experts in this field, our company has helped many companies such as geetmp3.com in the field of transcoding and multimedia streaming.

6. The development has begun with our mobile miner application which includes wallet, exchange etc.
You can check the progress of https://github.com/transcodium/android

How Transcodium Works

Transcodium's unique algorithm will allow media files to be converted to supersonic speeds by splitting large media files into very small pieces and then encrypted, compressed and sent to workers (inactive devices) for processing. Because of the lightness of each part, this task will be transferred and processed at a very fast speed, even a smartphone can process it. Angles will be rewarded to workers who complete their work before the deadline.

PROBLEM

With the current transcoding platform, problems and limitations can be identified:

The cloud transcoding platform is too expensive and weighs on starups, who need their services. Companies have to spend more than half their income just to process this media file, this is certainly sad.
The processing time is very long due to hardware limitations. Cloud transcoding platforms have hardware restrictions, therefore, all files must be queued up for processing, until the time is processed, leading to frustration of pending processing customers.
Due to the centralized nature of the platform, server outages or downtime can cause the overall failure of this transcoding process to be a waste of 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

Here are the solutions offered for the above issues:

Blockchain technology and decentralization are cheaper and reliable alternatives to cloud transcoding.
Due to unlimited processing power, due to worker roles, files will be transcoded in very fast speed, eliminating long queues and waiting times.
Transcode 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 limited to audio and video only, but also other file formats such as pictures and documents.

CRITICAL FINANCING

To help speed up development and also allow the team to work fuller then Transcodium will raise funds for project development, payroll and future costs using the crowdfunding method.

During crowdfunding, Participants will be given TNS tokens after they make a payment. How to pay using Bitcoin, Ethereum or Litecoin.

Token Information

· 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

· Currency Received: ETH, BTC, LTC

· Minimum goal: $ 500,000 USD

· Maximum goal: $ 30,000,000 USD

· Token Price: 1 TNS = $ 0.376 USD

Bonuses and Discounts

5.710.000 (Presale) Discount 30% $
0.263 USD 6,680,000 Discount 20% $
0.300 USD 22,190,000 Discount 10% $
0.338 USD 25,220,000 5% Discount $ 0.357 USD

TRANSPARENCY

The use of smart contracts will allow transparency on the network, important information such as file duration, the amount initiated and the amount paid to the worker will all be in the ledger. Customers and workers can check how much it costs or get paid for a specific task on the network.

PROPRIETARY PROOF

To achieve a better decentralized consensus, the Transcodium network uses a kind of proprietary proof algorithm where workers are randomly selected based on the portfolio and age of their accounts. It helps in selecting workers with quality processing power that saves time and money.

PROOF CONVERSION

The proof of conversion between the central node and the worker states that a worker must complete his duties within a certain time, during processing the data, the worker sends progress to the method, the worker must process the data completely before the deadline of marking will be canceled or inactive and will pay the worker others are preparing to take over.

The deadline is set based on the current transcode activity and the size of the processed data. The contract pays the worker after transcoding and sending the file. Work is considered completed after the file is uploaded and verified by the central node. Proof of conversion will be supported by smart contract. Proof of conversion along with stock evidence makes the TNS regulation responsible for randomly selecting workers and balancing between initiators and processors.

Token Distribution

Total Supply 120,000,000
Sales Token (72%)
Bonus & Discount (4%)
Advisors & Partners (4%)
Bounty (1%)
Team Members (10%)
Marketing (Present & Future), trial account funding for customers & platform testers (9%)

Budget allocation