Hello Everyone, hopefully review of this Transcodium project can be your reference and I am realy excited about this project. Because Transcodium is one of the hottest new ICO’s on the market right now from the looks of things. Blockchain technology has become a solution provider for business which offers fast and secure online transactions and online transfers for any cryptocurrency or other data. Right now the revolution in the financial sector is inevitable, and Transcodium is on the very edge of it all along with the crypto-community. I think this project will rise to the top and stay at there to the moon. Why I am talking like this? Let me tell that : 

"DON'T WASTE YOUR TIME ON EMPTY PROMISES WHAT ARE YOU WAITING FOR JOIN TRANSCODIUM ICO WELL REVIEWED"
The cheapest, encrypted, supersonic, blockchain-based distributed|Transcoding platform.Don't miss out the future stable coin.
John MaCafe (the CHIEF CYBERSECURITY VISIONARY OF MGT) is one of its advisors. 
Official website is www.transcodium.com
Now you can avail TNS tokens at 10% discount at a cost of $0.338 per token..
Minimum purchase- 100 tokens 

Transcodium is a decentralized media file transcoding and editing platform. The token use case allows those with idle devices to rent out computing power (in exchange for tokens) and those who have need to rent that power will pay in tokens. The workers (rented out idle computing power) would receive small chunks of a file, which is broken down by Transcodium algorithms, and convert the file into other more compatible formats. Idle workers with more computing power and better internet connections would gain a master node status for doing more work. Before work would commence an estimate cost will be provided to potential customers. I like the idea of estimates so that customers wont be surprised by the cost. 

Transcodium will tackle all the 3P’s ( Privacy, Pricing, and Processing Power) in an instance, there will be no limit on how much processing power Transcodium will be able to generate from its network.Transcodium network will be available to its target customers in a more cheaper price than the current market price. 

Overview of Transcodium video :

IDENTIFIED PROBLEMS

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 zustomer’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.
• Most transcoding platforms are limited to only media file formats, making it very difficult to convert other formats such as images and documents formats. 

OUTLINED SOLUTIONS TO THE PROBLEMS

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 

How will it work?

The whole process will be automatic without the need for a worker to talk to customers. As soon as a node receives a request it will analyze the file, split chunks into smaller pieces and give the tasks to workers.
The pricing on the platform will be kept fair by an algorithm. Customers will then be able to chose between a certain price range that they wish to pay depending on their project.
Workers on the platform will then be rewarded with tokens once the task is complete. 

Operation of master node and Transcodium network worker 

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.

• TRANSPARENCY

The use of smart contracts will allow transparency on the network, vital information such as file duration, the initiated amount has been filled and the amount paid to the worker will all be in the general ledger.

• PROOF STAKE

To achieve a better decentralized consensus, the Transcodium network

using a type of proof-of-stake algorithm where workers are randomly selected based on the wealth and age of their accounts. It helps in selecting workers with a quality processing power that saves time and money.

• PROOF CONVERSION

The proof of the conversion agreement between the master node and the worker states that, a worker must complete his duties within the given timeframe to receive the award, during processing the data, the worker sends the progressupdate to the master node, the worker must complete the data processing before the specified time limit, the network will mark the assignment canceled or inactive and will give the same task to the next idle worker.

• WORKERS

Workers are idle devices that are responsible for processing data on the network. Any device with an internet connection and capable of installing an app could be a worker. A worker can earn more awards if it has higher specifications such as multi-core devices or GPU-based devices.

• CUSTOMER

The transcodium network will allow customers to utilize unlimited processing of Proxy with very cheap compensation for the task. Customers will be able to select the price of the price range provided by TNS regulations, The higher the price the faster the file conversion and vice versa.

• DEVELOPMENT 

Transcodium will provide the SDK & API to use or access data at

network. Developers can build their own software or services around it Use Case 1: Developers of building media conversion software can take great advantage of services on the network such as providing their services software users with the ability to export their production to many destinations like youtube, facebook, Dailymotion and others -other.

Transcoding App & Features :

• Mobile Wallet + Miner
• End to End Encryption
• Builtin Exchange in Apps
• Lend TNS coins to Workers (Miners)
• Ultra Fast Transcoding
• Console, Api & Visual Editing Studio

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.

PLANNED ADD ONS BUILT IN LIVE EXCHANGE

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.

TOKEN LENDING FEATURE

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.

Roadmap

In the Transcodium road map is the wallet plan. The wallet is said to include a feature which would connect to exchanges, making token conversion easy for workers. I thought this was a nice add on. The Transcodium token (TNS) is an ERC20 standard token. 

Transcodium Token (TNS)

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.

Token Role – Represents the processing power used for file conversion

• Simbol : TNS
• Blockchain : Ethereum
• Token Standard : ERC20
• Supply: 120,000,000 TNS
• For Sale: 86,400,000 TNS
• Accepted Currency: ETH, BTC, LTC
• Pre Sell Period: 07 / 01/2018 00:00 UTC to 28/02/2018 00:00 UTC
• Minimum goal: $ 500,000 USD
• Maximum goal: $ 30,000,000 USD 

Info Price.

Payment will be in bitcoin, ethereum or lite coin or other currency and tokens will be provided to purchasers two weeks after the end of the token sale( this may be extended in event of unforseen circumstances). 

• 1 TNS = $ 0,376 USD
• 1 BTC = 38467.28723404 TNS
• 1 ETH = 1963.52393617 TNS
• 1 LTC = 636.49734043 TNS  

Bonuses and Discounts

• Pre ICO

• ICO

TEAM

The teams existing business is a double edged sword as far as potential goes. There is always the chance for failure in any ICO or TGE. I hope Transcodium has learned from past failures, and although their white paper makes the case that they have solved their problems at this point its just theory. Personally I like the idea of being able to use the platform to generate some extra income by using the computing power of my old devices, so I want to see the project become successful.

Conclusion

With the increasing demand for transcoding, you can be sure that more and more companies would be looking for such services. This is a huge advantage for this particular platform. Moreover, since you would be investing in the Pre-ico it would be much easier for you to gain a good amount of return as you would be able to get the tokens at a very competitive price which would help you reduce your risk and make good returns over a period of time.

Listed below are links for you to look through in order to form your own opinion and do your own due diligence.

• Website: https://transcodium.com/
• Facebook: https://www.facebook.com/transcodium/
• Twitter: https://twitter.com/transcodium
• Telegram: https://t.me/transcodium
• Github: https://github.com/transcodium
• ANN Thread: https://bitcointalk.org/index.php?topic=2571769.0;all

Author: Firmansyah Septyadi (septyadf1)
https://bitcointalk.org/index.php?action=profile;u=1550748
My ETH Address : 0x920dBA2a2D7CaBf0606CAe34df2036C55173f2D3