Network’s Proof-of-Stake Utility Token, VID, Lists on Bittrex Global Exchange in Conjunction with “Everest Milestone” Launch
The VideoCoin Development Association Ltd. announced commercial availability of the VideoCoin Network, revolutionary video processing infrastructure that provides video service and application developers with a simple-to-use, low-cost solution for transcoding and livestreaming video. This delivery – on schedule with the project’s year-long “Road to Everest” release milestones – comes at a critical time with increased demand for video-based entertainment, news, and social applications now dramatically rising due to COVID-19 lockdowns.
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Equally critical to meeting market needs is removing the barrier of using ever-fluctuating crypto to purchase a project’s services – a huge objection of traditional businesses – or be rewarded for work. Starting today, the VideoCoin Network paves the way for mass adoption of blockchain-driven, decentralized applications by enabling the use of fiat currency both for the purchase of services on the VideoCoin Network by customers worldwide and for the payment of workers and stakers. In addition, beginning today in support of the Everest release, workers and stakers may now obtain the VideoCoin token (VID) through its listing on the Bittrex Global exchange. VID is used by the VideoCoin Network to enable worker selection and provide enhanced staking rewards.
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Launching a Revolution in Video Processing
For developers of video services and applications, the VideoCoin Network delivers a transformation in video processing infrastructure by tapping into the power of decentralization, securely connecting idle and underutilized computing resources in data centers around the world, and matching them with developers’ needs to bring efficiency and boundless scalability to the world of video processing. VideoCoin Network shares this efficiency directly with its customers in the form of ultra-competitive pricing for its services in comparison to centralized solutions like AWS, Google Cloud, and Microsoft Azure. Combined with a developer-friendly interface that removes the complexity of working with traditional video processing services – get up and running with a few lines of code, not a full engineering team – the VideoCoin Network is video processing infrastructure that is not only low priced, but simple to use.
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