Transcodium's Unique Algorithm Allows The Conversion

What is Transcodium?

Transcodium is a decentralized transcription and editing media file. The use of tokens allows those who have idle devices to lease compute power (in exchange for tokens), and those who need to lease the stream pay tokens. The workers (leased unemployed computing power) receive a small section of a file, which is decomposed according to the Transcodium algorithm, and convert the file into a more compatible format. Stopping workers with more computing power and a better internet connection will make the master node status more work to do. Before the work begins, the estimated costs are passed on to potential customers. I like the idea of an estimate so that customers will not be surprised about the cost.

The existing business team is a double-edged sword in terms of potential. There is always a possibility of failure in ICO or TGE. I hope Transcodium has learned from past failures, and although his white papers say they've solved their problems at the moment, his theories are fair. Personally, I like the idea of being able to use the platform to generate additional revenue by using the processing power of my old device. I want the project to be successful.

Recently, the media industry has grown enormously from video advertising to streaming media. Due to the high cost of cloud transcoding services, it is very difficult for start-up companies and low-budget companies. Services.

Since the advent of cloud technology, the transcoding industry has grown extensively. We are famous for companies like Netflix, Amazon Prime, Vimeo, Youtube, and e.t.c, which transfer terabytes of data every day and invest a large part of their revenue in the conversion of media files. The current report also predicts that the transcoding market will grow by 15 percent globally by 2019, reflecting the enormous scope for growth.

The concept of transcoding is always limited to the conversion of video and audio files, but its size is larger to retrieve all types of files, such as PDF, HTML, Word documents, and convert them to a preferred format

Transcodium will handle all 3Ps (privacy, pricing, and processing power) in one instance, and there will be no limit to how much processing power Transcodium will produce from its network. Transcadium networks will be available to target customers at a lower price than the current market price.

Transcodium's unique algorithm allows the conversion of media files at supersonic speeds by splitting large media files into very small pieces and then encrypting, compressing and sending them to workers (idle devices) for processing. Due to the ease of each part, this task is very quickly transferred and processed, even a smartphone can handle them. Token is rewarded for each worker who completes his work before the deadline.

Issues

The cloud transcoding platform is too expensive and scares the novice users who need their services. Existing companies spend more than half of their revenue on their own to process these media files, which is not encouraging.

Longer processing time due to hardware limitations. The cloud transcoding platform is hardware-limited, so all files to be processed are queued until the time is processed, resulting in frustration on the customer side waiting to be processed.

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

Most transcoding platforms are limited to media file formats, making it very difficult to convert other formats such as image and document formats.

The solution

Blockchain and distributed technology models enable the provision of lower-cost and more reliable alternatives to cloud transcoding.

Thanks to the unlimited processing power, thanks to the employees, the files are transcoded in very fast speed, which eliminates the long queue and the waiting time.

Individual transcoding requests are processed by multiple nodes and workers, so a failure of one node or one employee has no impact on the process and is therefore more efficient and time-saving.

The transcoding is not limited to audio and video, but also to other file formats such as images and documents.

Market Overview

The Transcadium network will allow customers to use unlimited processing power with a very cheap compensation for the task. Customers can choose the price range offered by the TNS rules, the higher the price, the faster the file conversion and vice versa.

Customers can choose where to export the files once they have been processed. Goals like Facebook, Youtube, Twitter, SFTP, Amazon AWS, Google Drive and others are supported. Multiple goals are supported. The first goal is always free, the next goal being the cost provided to the master node processing it.

Before initiating file processing, the application calculates the total cost that the advocate will receive. After approval, the initiator wallet is debited. The deducted amount will be refunded if processing fails. The customer requires a TNS token for every transaction on the network.

TNS Token.

Allocation

Soft Cap 500,000 USD
Hard cap $ 30,000,000 USD
Project development (50%)
Company expansion (3%)
Marketing & brand awareness (20%)
Operating costs (15%)
Law & Insurance (10%)
Various budget (2%)
Token role - Represents the processing power for the file conversion
Heart - TNS
Blockchain - Etereum
Standard Token - ERC20
Provides - 120,000,000 TNS
Sale - 86,4 million TN
Issue Rate - No new token will be created
Currency received - ETH, BTC, LTC
Advance sale period - 07/01/2018 00:00 UTC until 28/02/2018 00:00 UTC
Minimum target - $ 500,000
Maximum goal - $ 30,000,000
Token distribution
Total supply 120,000,000
Sales Token (72%)
Bonus & Discount (4%)
Consultants & Partners (4%)
Bounty (1%)
Team members (10%)
Marketing (Present & Future), test account financing for customers & platform testers (9%)