Transcodium - A Decentralized Peer-to-Peer Media Editing, Transcoding & Distribution Platform

  • Transcodium aims to provide the first peer-to-peer decentralized file
    editing, transcoding and distribution platform with high quality and
    reliable computational power at a very affordable price. This will
    create a global market for users, willing to rent their idle machines to
    be used as workers. Further, at the end of the processing, the worker
    (processor) will be rewarded with tokens which can be exchanged into any
    currency or can be sold to customers (initiators) who need these tokens
    for use on our platform.


    With the current cloud transcoding platforms, the following problems and
    limitations were identified:
    ● Cloud transcoding platforms are too expensive and are scaring away
    startups, who require their services. Existing companies have to
    spend more than half of their income just for processing these media
    files, which is not encouraging.
    ● Long processing time due to limited hardware. Cloud transcoding
    platforms has a hard limit on hardware, therefore, all the files to be
    processed are queued, until their time is due for processing, which
    causes frustrations on the customer’s side waiting for processing.
    ● Due to the centralized nature of the platform, a server outage or
    downtime can cause failure of the whole transcoding process wasting
    time, money and resources.


    Here are the proposed solutions to the problems above:
    ● The blockchain and decentralized technology model enables the
    provision of a cheaper and reliable alternative to cloud transcoding.
    ● Due to the unlimited processing power, all thanks to the workers,
    files will be transcoded in a very fast speed, eliminating long queues
    and waiting time.
    ● A single transcoding request will be processed by multiple nodes and
    workers, so the outage of one node or worker will have no effect on
    the process, making it more efficient and time-saving.
    ● Transcoding will not be limited to audio and videos only, but also
    other file formats such as images and documents.
    Did You Know: By 2019, internet video traffic will account
    for 80% of all consumer Internet traffic


    The integrity will be maintained by the proof of conversion. To get the
    reward, the peer has to submit a proof of conversion before the assigned
    timeout else the network will mark the task as aborted. Human interaction
    is not required for completion of the entire transaction.
    The transcoding process starts when a master node receives a request from
    the initiator, the master node will then analyze the file, split large media
    files into smaller chunks, encrypt them and distribute them to idle workers
    with instructions.

    These chunks will be so small that they will be transferred to the worker in
    a little amount of time even on a slow internet connection. Due to the little
    size of this chunk, smartphones will be capable of processing them.
    Data transfer between the master node and a worker will have an end to
    end encryption for maximum privacy and security.
    The workers will process the file based on the instruction attached to the
    file or chunk. After the processing is done, the worker will send the
    processed file or chunk to the master node to join if required.
    The master node will then execute its final task by exporting the output to
    it destination. Multiple destinations are supported. The first destination
    will always be free, but an additional destination will attract a fee which
    will be rewarded to the master node.
    The pricing system on the Transcodium network is maintained by the TNS
    regulation. The TNS regulation is an autonomous algorithm which brings
    balance between processors and initiators thereby making both parties
    Workers periodically send updates to the master nodes about their status,
    this information sent includes their processing power, internet speed,
    conversion time and device information. The TNS regulator uses this
    information together with proof of stake and other factors to randomly
    select idle workers for processing data. This also enables the network to
    group workers based on their performance.
    Initiators have the free will to select from a price range of $0.006 to $0.01
    per minute for an SD quality video output and $0.008 to $0.020 per minute
    for an HD video quality output.
    Non-video files such as audio will have the price range of $0.006 to $0.001
    per minute of output.
    Files such as images and documents (PDF, word and etc) cannot be
    measured in time (minute), so they will be measured according to their size

    in megabyte. A megabyte of a file will have the price range of $0.006 to
    $0.01 per output unit.
    To enable fairness on the network, the highest paid task will be assigned to
    the best performing workers to help provide the initiator value for the
    money paid.

    The image above explains the operation of a master node and workers on
    the Transcodium network


    The use of smart contract will enable transparency on the network, vital
    information such the file duration, the amount the initiator was charged
    and the amount paid to workers will all be on the public ledger. Customers
    and workers can always check how much they have been charged or paid
    respectfully for a specific task on the network.


    To achieve a better-decentralized consensus, the Transcodium network
    employs the proof-of-stake type of algorithm where workers are randomly
    selected based on their wealth and age of account. This helps in selecting
    workers with quality processing power thereby saving time and money.


    The proof of conversion agreement between the master node and a worker
    states that, a worker has to complete its task within the given time range
    to receive the reward, during processing of data, the worker sends progress
    update to the master node, the worker must complete processing the data
    before the assigned timeout else the network will mark the task as aborted
    or inactive and will award that same task to the next available idle worker.
    A dynamic timeout is set on all transcoding activities based on the
    performance of the worker and the size of data to be processed. The
    contract pays a worker after a successful transcoding and submission of
    file.A task is deemed completed after the processed file is uploaded and
    verified by the master node.The proof of conversion will be backed by a
    smart contract. The proof of conversion together with the proof of stake
    makes the TNS regulation which is responsible for making a smart random
    selection of workers and bringing balance between initiators and


    Workers are idle devices responsible for processing data on the network.
    Any device with an internet connection and capable of installing our
    application can be a worker. A worker can earn more rewards if it has
    higher specifications such as a multi-core device or GPU based devices.
    Once a device installs the Transcodium app, it becomes part of the
    Transcodium network, an initial device assessment will be made to help
    rank the device as part of the TNS regulations.
    After a successful task, workers are rewarded with 80% of the total amount
    paid in TNS token whilst 20% goes to the master nodes responsible for
    processing the final output and distribution


    Transcodium network will enables customers to avail unlimited processing
    power in a very cheap compensation for the task. Customers will be able to
    select a price from the range of prices provided by the TNS regulation, the
    higher the price the faster the file conversion and vice versa.
    Customers or initiators will have three types of interface to ease the
    conversion process:
    1. An API interface to help developers integrate into their projects or
    2. The command line interface will be for basic functionality and

    3. The advanced visual studio media editing app for complex media
    editing needs.
    The customer can select where to export the file after processing,
    destinations such as facebook, youtube, twitter, SFTP, Amazon AWS,
    Google Drive and etc will be supported. Multiple destinations are
    supported. The first destination is always free, other subsequent
    destinations will attract a fee which will be rewarded to the master node
    processing it.
    Before processing of any file commence, the application will compute the
    total cost for the initiator to approve, once approved, the initiator’s wallet
    will be debited. The debited amount will be refunded if processing fails.

    Customers will need the TNS token in order to pay for any transaction on
    the network.


    Transcodium will provide SDKs & APIs for using or accessing data on the
    network. Developers can build their own software or service around it.

    Use Case 1: Developers building media conversion software can take a
    great advantage of services on the network such as providing their
    software’s users with the ability to export their output to multiple
    destinations such as youtube, facebook, Dailymotion and etc.

    Use Case 2: Using the Transcodium network, developers can build a
    complex video and audio editing tools with advanced features which in
    most cases will take forever to be processed on user's computer or

    Use Case 3: Using the Transcodium master node, developers can build their
    own exchange market to assist in trading the TNS token easily, developers
    can add their own fees to make a profit.


    At Transcodium we believe in openness and transparency, we support the
    open source idea, all of our developments will be made available to
    everyone on our GitHub repository ( ) .

    Open sourcing our project will help promote innovation. We will welcome
    contributions from anyone who wishes to improve the project. To show
    how serious we care about this, we recently open sourced the cloud version
    which was a proprietary project.


    TNS token is an ERC-20 compliant ethereum based token which is designed
    to work on Transcodium network. The token will be the official currency to
    be used on the network.

    The total supply of the TNS token is 120 million and has a maximum of 18
    decimal places. This is a fixed supply and will not decrease or increase, the
    decision of the total supply was made by the Transcodium team and
    founders. The limited supply will help improve the quality of the coin.

    The transcoding industry has a huge market, so the limited coin supply is a
    great advantage for both investors and marketers in the near future.


    1. Right to transaction
    Each token holder holds the right to send or receive tokens between
    one one another. Tokens can also be sent to third party such as an
    exchange and can be traded with other digital assets.

    2. Right to services
    Each token holder holds a right to get the services made available by
    the company for the token, such as media transcoding, file
    distribution, lending e.t.c.



    All Transcodium's wallet applications will have an inbuilt live exchange to
    enable users to convert their coins to other currencies. The live exchange
    will connect to some of the popular existing exchange platforms
    available.This will help ease the token acquisition process to customers or
    anyone who will need them.


    With the adoption of proof of stake concept, one important factor in the
    selection of a worker involves their wealth, but not everyone can meet that
    requirement, so we decided to employ a lending feature into the platform,
    where token holders or investors can lend their tokens to workers who
    need them. The borrowed tokens cannot be spent, it will be backed by a
    smart contract, a worker can borrow tokens with a specified time
    period.The longer the time, the higher the interest to be paid on the loan.

    Only workers are eligible to borrow. Before any worker is credited with the
    principal, the interest is auto-calculated and debited from his/her account
    based on the duration.The interest will be added to the principal, this
    means a worker needs some amount in his/her wallet before applying for
    a loan . The principal plus interest will be locked using a smart contract
    until time is due for release to the lender.


    Transcodium will raise funds for development of the project, payment of
    salaries and future expenses using crowdfunding. This will help accelerate
    development and also enable the team to work full time with total
    During crowdfunding, Participants will be given the TNS token after they
    have made payment. Payment method will be in Bitcoin, Ethereum or
    The TNS token can be used on our platform once the project is ready and in
    production mode. Also, holders of TNS tokens can sell it to users who need
    the token for file processing on our platform.
    The presale starts on January 7th, 2018 and ends on February 28th, 2018.
    During this period early investors will be given a discount of 30% for the
    first 5,710,000 tokens to be sold.
    Any unsold tokens after pre sale will be moved to the main ICO sale and
    will have the same bonus terms as the main ICO.
    Moreover, all unsold tokens after the main ICO sale will be burned hence
    reducing the token supply.
    Participants or Investors will be refunded if the soft cap is not reached after
    the main ICO. The smart contract will handle all refund operations to
    participants who contributed using ethereum, for non ethereum

    contributors, we will manually send the refunds to the addresses from
    which we received the funds.

    Tokens reserved for team members will be locked until 3 months after
    main ICO sale.Also, team members will receive only 25% of their tokens
    after every 3 months interval.


    TOTAL SUPPLY: 120,000,000
    ❖ Token Sales (72%)
    ❖ Bonuses, Discounts and ICO expenses (4%)
    ❖ Advisors & Partners (4%)
    ❖ Bounty (1%)
    ❖ Team Members (10%)
    ❖ Marketing (Present & Future), Provision of trial accounts for

    customers and platform testers.
    Token Type : Ethereum ERC-20 Compliant
    Price Per Token : $0.376
    Minimum Purchase : 10 TNS - $3.76





    SOFT CAP: $500,000
    HARD CAP : $30,000,000
    ❖ Project Development (50%)
    ❖ Company Expansion To Other Countries (3%)
    ❖ Marketing & Brand Awareness (20%)
    ❖ Operational Expenses (15%)
    ❖ Legal & Insurance
    ❖ Miscellaneous Budget







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    Email - [email protected]

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