Vidioshare is a recently launched altcoin which brings some very interesting and innovative features to the table. Most of these features are actually unique to the world of digital currency and altcoins, which is rather refreshing.
As you may expect from the name, Vidioshare is all about creating and sharing video files. Not through traditional methods, such as Youtube or Twitch, but rather through a platform based on the founding principles of Bitcoin.
This ideology lead to the creation of a new decentralized monetization protocol, as well as a video sharing website. Both video content creators and consumers will pleased to hear there is a reward-sharing system in place.
Vidio gives its users an alternative platform where they can upload and distribute video content across the World Wide Web. By specializing in video platforms and video usability, the Video website will be a very interesting and entertaining tool to use for video content enthusiasts.
Unlike its competitor Youtube, Vidio will be an advertisement-free website. By implementing the decentralized monetization protocol for both content creators and users, a stream of intrinsic revenue will be generated as long as Vidio is active.
The cryptocurrency tied to the Video platform is VDO (Videoshare). VDO will serve as both a token for rewards , as well as a payment option for certain contents on pay-per-view channels and/or video-on-demand services on the Vidio platform.
Additional VDO will be generated from the website’s central wallet , which is reponsible for distribution the tokens in relation to the minted coins on a daily basis. These tokens are distributed to all users on the platform, through the decentralized monetization protocol.
Fun fact : Paying for subscriptions and commission can only be done through VDO.
Vidioshare Key Features
As I mentioned before, Vidioshare offers pay-per-view watching on the Vidio platform, and anyone can sell content and earn tokens per sale. Furthermore, pay-per-view functionalities are also used in the Live Stream section, meaning users can offer subscriptions to Live streams.
Viewing video on the internet in a TV format is a feature many Vidioshare community members will enjoy. By offering continual playlists of TV , or even the streaming of TV, a lot of attention will be brought to the Vidio platform.
We referenced to Live streams a little while ago. Any Vidio user can create their very own live stream and stream all kinds of content to ayone in the world. Important to note is the fact HD streaming is available, which I am personally very excited about.
In order to make Vidio a successful platform, you need to support multiple media types. Vidio supports video, audio, photos and even documents. Sharing a document or an image with friends and family through the Vidio platform, and even getting a reward for it in the form of a token, has just become a reality.
Social Media Functionalities
When it comes to streaming and sharing content over the Vidio platform, users can either make it available to the public, or just to a select group of users. This is an interesting take on protecting user privacy and media management, especially where digital currency is concerned.
Vloggers will be having a blast while using Vidio, as not only will they be able to create video blogs, but they can also attach a good old fashioned blog to their content. Sharing important news in regards to your Vidio channel can be done quickly and easily.
As Vidio will be a platform open to anyone and everyone, you need a proper place where users can have a chat about any topic they desire. In order to do so, discussion boards will be offered to Vidioshare users , where important discussions and general banter can coexist.
Once you have established a presence on the Vidio platform, either as a user or a content creator, you might want to check out the private messaging feature. Social contact is a key element in our society, and sharing a cool video you found on the Vidio platform can be easily shared through a PM.
When users sign up for the Vidio platform, they will get a generated web wallet address attached to their account. This eliminates the need for downloading actual wallets to your computer, and makes the transferring of tokens fast and easy.
Registering an account on the Vidio platform is easy and secure. On top of that, there is no password required for your generated web wallet. Last but not least, there is an anonymous multi-factor user authentication system in place. Not requiring a password eliminates the threat of a keylogger stealing important data.
In order to log in to your Vidio account, there are several options available. Facial recognition, fingerprint ID’s and a variety of other easy-to-use methods are at your disposal. It will be interesting to see how facial recognition for logging in will work, and how reliable it turns out to be.
When distributing your media, you need to name your channel of course. Pseudo-anonymous naming is one way to go, which also gives users access to creating anonymous communication channels to share important news and updates.
As great as all of the above sounds, the question remains as to how the Vidio platform will be monetized. A revenue/commission system will be developed, allowing users to sell their content for a price. Once another user purchases this content from a shared environment , the user who shared the link to the content will earn a commission. Sharing videos on Facebook on Twitter and getting paid for it? Count me in!
The decentralized monetization protocol is another interesting aspect of the Vidio platform.Tokens are awarded for completing actions on the network, such as upvoting content, uploading videos, commenting on media, et cetera.
Send newsletter to subscribers.
User login with OpenID and Facebook credentials.
Upload multiple files simultaneously.
Import YouTube and Vimeo videos. (yes, you are reading this correct)
Videos in HD quality.
“All content created by the users on the VidioShare system will be completely owned by them. VidioShare does not own any content provided by the users on the site this includes all media and even comments/blogs created by the users. Many other multimedia sites do not do this but we want to create a safe environment for users content. Again users own their own content 100%.”
The obvious question after reading all of this is : what about copyright infringement and acquiring a license to (re)distribute media? According to the document below, Vidioshare has applied for an Umbrella License, allowing for the uploading and fair use of video content.
So far, Vidioshare has been listed on two exchanges ; Bittrex and EmpoEx.
Website : http://vidioshare.com
BitcoinTalk : https://bitcointalk.org/index.php?topic=779552.0
Twitter : https://twitter.com/vidioshare