What is Media Network (MEDIA)? Information on the Media Network project
What is Media Network (MEDIA)?
Media network is a new protocol that bypasses the centralized approach of traditional content delivery network (CDN) providers to an open source, self-managed and accessible solution. A distributed economy that allows anyone with free bandwidth resources to monetize and earn MEDIA tokens in exchange for their contributions to the network.
Any existing infrastructure can now be scaled by renting bandwidth on demand without compromising long-term business commitments or compromising data protection. Account, KYC or personal information is never required for network participants.
Active factors in the media network
Content publisher / media platform: Service providers who drop LP MEDIA tokens and use Media Network to expand existing infrastructure.
Media Edge: You have to deposit LP MEDIA tokens in order to participate in the network. They earn MEDIA in exchange for their services and can get cut off if bad behavior is detected, such as B. Incorrect disclosure of data to end users. These participants are anonymous, geographically dispersed nodes that run Media Edge software.
Media Guard: You have to stake LP MEDIA tokens to become a Guard Media Guard earns MEDIA in exchange for its services to the network. These participants are anonymous, geographically dispersed supernodes that run the Media Guard software. You have the role of network security and authentication
End users: Any client application that streams or pulls content from the network using a web browser automatically shares data in real time with other partners requesting the same content, greatly reducing the load and scaling the network out. When connected to a Solana-compatible wallet, end users staking out LP MEDIA tokens are entitled to rewards, depending on the amount of data shared.
How does the media network work?
Media Network creates a marketplace for distributed bandwidth that enables service providers such as media platforms to lease resources from the network. It allows anyone to set up new media edges and serve content without making trust assumptions or requiring prior authentication. These participants receive MEDIA token rewards for their bandwidth contributions.
The protocol uses new mechanisms to encourage honest work and collaboration among network participants.
In order to scale the existing infrastructure, developers or media platforms have to buy MEDIA from stock exchanges, make liquidity available to a certain DEX serum pool and use the LPs received. You will then need to authenticate to a Solana-compatible wallet using any available user interface (e.g. media app) and set up your custom settings and resources.
As soon as the transactions are confirmed, Media Guards checks the amount of staked LP MEDIA tokens and authorizes new resources for the network, specifying the bandwidth quota, the DNS name and the security settings if the conditions are met. Everything is encrypted with a password and recorded in the Solana blockchain.
The data transfer fee is automatically deducted from the staked assets in the network, depending on the current community consumption and fees. The bandwidth quota depends on the number of LP tokens used; The more MEDIA bets, the more bandwidth is available to the end users of a particular resource. When data consumption is reduced, the available bandwidth for that particular resource is also reduced.
The media edges, eavesdropping on these on-chain transactions, then begin pulling content from the source and replicating it around the world and relaying the data as needed. End users requesting a new provisioned URL instead of the original path to the source will receive data from the closest media edge based on geolocation and latency.
Now anyone can quickly scale an application or website that relies on multimedia and handle millions of simultaneous requests without being an engineer or having to worry about compromises.
Basic information about the MEDIA token
- Token name: Media network
- ticker: MEDIA
- Blockchain: Solana
- Token standard: SPL-20
- contract: ETAtLmCmsoiEEKfNrHKJ2kYy3MoABhU6NQvpSfij5tDs
- Token type: Utility, governance
- Total offer: 10,000,000 MEDIA
- Circulation supply: 250,000 MEDIA
- Pre-seed: ten%
- Consultant: 6%
- liquidity: 5%
- swimming pool: first%
- I DO: 0.5%
- Staking and bonus funds: 20%
- Ecosystem and partners: 22.5%
- team: 20%
- Technology and infrastructure: fifteen%
What is the MEDIA token used for?
- Pay data transfer fee
- Staking to join the ecosystem and get rewards
- Incentives to promote network operation
MEDIA token storage wallet
Since MEDIA is an SPL-20 token, you can keep this token in the following 2 wallets: Exchange Wallet, Sollet Wallet.
This is how you earn and own MEDIA tokens
- Buy directly on the stock exchange
- Join the network with various ashes to get MEDIA token rewards
Where can I buy and sell MEDIA tokens?
MEDIA is currently traded on many different exchanges with a total daily trading volume of around USD 755 thousand. The exchanges listing this token include: Serum DEX, FTX, Raydium.
Stage 3: “test network”
- LP MEDIA staking
- Media Edge v0.2
- Media scan
Level 4: “Multiprotocol”
- Fast UDP internet connections
- Media app for iOS / Android
- Media Guard v0.2
Level 5: “Mainnet”
- Media Guard v1.0
- Media Edge v1.0
- Media PeerPool v1.0
- Media server v1.0
- Media app v1.0
- On-chain governance
Level 6: “Innovation Zone”
- Media dDNS
- Media dVPN
What does the future of the Media Network project look like, should I invest in MEDIA tokens or not?
Media network is a decentralized network for the distribution of open source content. The project enables participants to contribute bandwidth to the network in order to receive MEDIA token rewards. Through this article, you must have some understanding of the basic information about the project in order to make your own investment decisions. TinTucBitcoin is not responsible for your investment decisions. I wish you every success and a lot of profit from this potential market.