Hello reader, I wrote this article to introduce you to a transcoding platform called Transcodium.
[Transcoding refers to a two-step process in which the original data/file is decoded to an intermediate uncompressed format (e.g., PCM for audio or YUV for video), which is then encoded into the target format].
What is Transcodium?
Transcodium is a transcoding platform running on the blockchain platform that allows for fast decentralization of large media data to tiny chunks and for easy conversion into multiple formats to support different devices.
Why is it different?
It is unique in its operation as it does not run on cloud compared to its other competitors like Google, Amazon… but on the blockchain software platform which has served as the world’s leading software platform for digital assets thereby equipping Transcodium with the necessary utilities to run at a supersonic speed.
Their unique algorithm will allow for file processing at a fast rate, splitting large files into small bits and later encrypting these files, compressing them and sending them to idle devices for processing. The splitting of these large files is the key to fast processing, as even smartphones will be able to handle the processing due to the lightweight of each chunk ensuring there are multiple nodes handling one request. They call these devices ‘workers’ and they provide TNS token [The official Transcodium’s virtual currency used on the Transcodium Platform, it is based on the Ethereum blockchain (ERC-20 Standard)] to these workers after processing before the allocated timeout.
Users that want their files transcoded or converted into different formats initiate these workers.
WHY IS TRANSCODIUM A BETTER OPTION COMPARED TO ITS COMPETING PROJECTS
Currently, the cheapest media transcoding services rendered are by the likes of Google and Amazon while Transcodium, which was formerly running on cloud too will with the current blockchain platform make it even cheaper to achieve media conversion to different formats for different devices.
Yes, getting speedy results at a cheaper rate is enough to get us all hyped about Transcodium but in addition to that, you won’t have to worry about server outage, which can result in starting the whole process all over again. Also you still get a really high quality export and the unavailability of a node does not affect transcoding as multiple nodes process tasks. The blockchain platform makes it more reliable compared to the ones running on cloud servers.
One might not fully understand the goodness this platform brings into the media world, until you factor in the fact that cheaper services means startup and low budget firms can easily access these services without breaking the bank. The numerous advantages that processing media data at a really fast and cheap rate has, might just make Transcodium the best thing to happen to the media world in recent times.
Investing in Transcodium would also be very profitable for the following reasons
There is a very large market for transcoding and media distribution as social media applications are incorporating streaming and would need to convert their files to suit the different devices accessing their platforms.
Transcodium existed on the cloud transcoding platform before moving to blockchain, so they are experts in the field of media transcoding already, which will result in utmost efficiency.
The global video streaming software market size is expected to grow from USD 3.25 Billion in 2017 to USD 7.50 Billion by 2022 and with Transcodium taking up a major role, it is safe to say that buying the ICO is a wise decision.
The Transcodium ICO pre-sale started on 07/01/18 with 5,710,000 tokens on sale out of the 120,000,000 tokens to be sold, at a 30% discount rate and has since the official sale date gone on to 6,680,000 tokens sold at 20% discount, and will go on till the 5% discount and all 120,000,000 tokens sold.
I strongly suggest you partake in this platform, thanks for reading.
To know more about this platform;
visit the website: https://transcodium.com/?lang=en
join telegram group: https://t.me/transcodium
whitepaper link: https://transcodium.com/files/whitepaper.pdf
my bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=2074391
ANN/BOUNTY THREAD: https://bitcointalk.org/index.php?topic=2604811.0
twitter link: https://twitter.com/transcodium
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