VideoCoin Network

Video constitutes a staggering amount of internet data and by 2021, it is predicted to form 82% of all Internet traffic .Video has historically been a driving force for innovation on the Internet, just like Bitcoin and Ethereum have been for decentralized networks.VideoCoin brings these two revolutionary ideas together by building a decentralized video infrastructure that will power the next generation of video applications. VideoCoin is a decentralized network that provides cloud video infrastructure like video Encoding, Storage and CDN in the form of a peer-to-peer algorithmic market. VideoCoin runs on a new blockchain with a native protocol token where miners earn VideoCoins by providing video infrastructure services and clients spend.

 VideoCoins to rent these services.The VideoCoin blockchain is similar to Bitcoin and Ethereum blockchains and differ mainly in the way block rewards and fees are assigned. A block reward Breward is always assigned to the α node in the verifier pool that created the new block. Fees in the form of π and ω are also assigned to the α node in the verifierpool. Micro-payments µpay from CR transactions are always earned by miners. Block rewards and ω are always a fraction of the mining costs, so the highest incentive on the network is for miners to rent out storage, compute and bandwidth.