VideoCoin Worker System Explication!

Videocoin (VID) is a multipurpose coin that is going to change how things are done in terms of Content Distribution, Online video encoding and also turning unused resources into mining.

So Bandwidth selling can be a big thing in the future and Videocoin enabling that via their special applications can be a new secondary market for many businesses out there, also computer storage is something that people are likely to get lot more in future, we have seen lot of PoC (Proof of capacity) coins in the past but none of them really taking off that well.

Leasing computing power is a normal thing in the mining sphere 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.

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).

Right now you can trade VideoCoin (VID) at KuCoin and there is also an ongoing giveaway at KuCoinPlay if you want to get some VID into your own hands. There is lot of promise with this project if they can scale it up in future.