VideoCoin opinions
Summary:
So far,1 of opinions have been recorded for VideoCoin. These opinions are not investment recommendations but the community's perspective on VideoCoin. Please do not make a purchase decision based on these VideoCoin opinions.
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VideoCoin opinion #1
Most block chain projects involve the storage of data or assets in a decentralised network. As the name suggests, the focus of this project is the management of videos. It could be seen as an attack on the top dog systems like Youtube. A censorship resident system, where videos are encoded and the blockchain is used as storage. This should also minimize the costs compared to the payment systems.
This Blockchain is also based on the PoW (Proof of Work) consensus to validate the Blockchain. For this purpose, however, the miner used by the project team of proprietary miners must be used. A mining combination of several crypto currencies through known OpenSource Miner solutions is not possible here.
Furthermore, rewards can be collected if, in addition to mining, storage capacity and network bandwidth are made available. This is also necessary, because the data volume of such a project is many times higher than in pure ledger projects.
Up to now trading is only possible on two smaller Exchanges. The market capitalisation is currently stable in the double-digit million $ range.