VideoCoin Worker System Explained

Hey Crypto people! Time to talk about the videocoin project once again - i did article before this in case you want to check it out. But today we gonna talk about Video Coin Worker system that is currently taking applications in, its big part of the ecosystem. Right now Videocoin is tradeable at KuCoin Exchange and they have a bounty program ongoing at KuCoin Play if you want to score some VideoCoins to your sweet wallet or alternatively you can trade them at Kucoin too.

So What Exactly is VideoCoin ?

The Videocoin network is a decentralized video encoding, storage, content delivery system that turns all cloud-based video services into an efficient algorithmic market running on a new block chain with a native protocol token, Videocoin. Powered by large scale, distributed cloud video infrastructure, Videocoin network will usher in the new cloud era as it harnesses unused computing resources from around the world to revolutionize the video industy on the block chain.

Now That the Introductions are out of the way we can finally start talking about the Videocoin Worker Model. Which is actually combination of multiple different things that are allowing people to turn their Computer into money making machine.

So we have already systems existing which allow you to lease computing power, but idea of leasing bandwidth and disk space are lot more rare things and having all those 3 under the same client is extremely interesting to me. This allows people whom may not have best PC out there, lease out their disk space or Bandwidth in-exchange for VideoCoin (VID), which they can then sell or perhaps even stake inside the system, what a wonderful concept i must say.

As for Validator and Verification nodes they will be receiving VideoCoin as reward among and fiat payments. Whatever is the payment processor for fiat i'm not sure, i do i hope its like stripe or perhaps PayPal would be most solid options there.

The Mining in VideoCoin network could be considered as actual work. That's why the contributors in the system are basically called workers. Workers perform video encoding on the network, leasing storage and distribution work via the client they use. When they perform the required work and submit proofs to the blockchain, they will get compensated in Fiat and reputation is decreased or increased via VideoCoin (VID).

Ultimately its very exciting system and who knows you might make some good chunk of pocket change for running it on your computer each month.

You can sign-up for worker right now by giving your email here - https://docs.google.com/forms/d/e/1FAIpQLScGkH0IJDmFCmaZCzuC4nQSav6gzkoqD23CUlMKCLKTvK37Rw/viewform

Well that is pretty much rundown the very exciting workers network, which you can apply to at their website. If you don't want to participate as a worker there is always the option for going to KuCoinPlay bounty or just outright buying it from KuCoin Exchange if you can't wait. If the userbase grows for the Worker Network, it can become a solid decentralized service for many big video customers in the video encoding space, allowing fast video uploading or streaming, among many other things.

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