Transcodium is a transcoding and distribution platform with decentralization and blockchain as its selling point, providing customers with high-quality services and reliable computing capabilities. By using idle devices around the world as computing tools, Transcodium provides transcoding services for video providers in different regions. At the end of the transcoding process, the owners of these transfer equipment capacity will be rewarded with TNS coins.

Transcodium works like this. The master node receives the request from the client to transcode the file, splits the file into several fragments, and these fragments will be sent to "mining machines" all over the world to transcode separately. Small in size, even a slow internet connection or mobile phone can handle them. After the fragment processing is completed, the files will be returned to the master node, and the master node will merge and integrate all the files and transmit them to the client.

Project Highlights

ranscodium aims to provide the first peer-to-peer decentralized file editing, transcoding and distribution platform with high quality and reliable computing power at a very affordable price. This will create a global market for users willing to rent idle machines as workers. Also, at the end of processing, workers (processors) will be rewarded with TNS tokens.

Application Scenario

Transcodium will provide customers with API, console and GUI applications to help in the fast transcoding process. Before each transcoding request processing begins, the originator (client) will be provided with an estimated approval fee and once approved, the originator's wallet will be debited for processing to begin. The file transcoding process involves two parties, masternodes and workers. Master nodes receive transcoding requests, then break large media files into chunks if necessary, encrypt those chunks and forward them to workers.

Workers, on the other hand, are responsible for converting the files to the new format. Any device can be a worker, but not a master node. Masternodes must have faster processing power and a strong internet connection. The master node can also act as a worker at the same time. Masternodes get 20% of transcoding costs, while workers share 80%. Masternodes are also responsible for joining blocks when needed.

To prevent data loss, multiple master nodes may handle the same request. There is another opportunity for masternodes to earn money from the distribution of the final output to multiple social media or storage platforms, and the originator (client) will be charged a fee.