What is VideoCoin?
Video constitutes a staggering amount of internet data and by 2021, it is predicted to form 82% of all Internet traffic [1].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.