VID

Uncategorized 4 Minutes

THE ENCRYPTED VIDEO SHARING PLATFORM

PRESENTATION

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust-based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes.

The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for nonreversible services. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable.

These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party. Contracts, transactions, and the records of them are among the defining structures in our economic, legal, and political systems. They protect assets and set organizational boundaries.

They establish and verify identities and chronicle events. They govern interactions among nations, organizations, communities, and individuals. They guide managerial and social action. And yet these critical tools and the bureaucracies formed to manage them have not kept up with the economy’s digital transformation.

They’re like a rush-hour gridlock trapping a Formula 1 race car. In a digital world, the way we regulate and maintain administrative control has to change. Blockchain promises to solve this problem.

The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. The ledger itself can also be programmed to trigger transactions automatically.

WHAT IS VID?

Vid is a memory media organize; a cloud-based, timetable driven centre-centre for all of your memories. Vid customers will more likely than not recall about each critical depiction Of every single day. Customers will no doubt chase their memory as successfully as we glance through the web using Google.

Vid solved problem by compensating influential individuals and substance manufacturers using blockchain innovations, unmistakably and simply, without human resistance. Each confirmed customer who makes and offers an open Vid on the stage will be qualified to receive tokens. Tokens are distributed among manufacturers decently: based on the number of points of view on their appeal on the Vids Weighted Token, depending on how many clients joined the scene through the D-connection. Further weighing against customers who welcomed the addition of various customers at an early stage. The calculation, which calculates how many tokens are distributed among each manufacturer, uses the following justification: The total number of days per day.

FEATURES OF VID

1-) VID APP

Vid App can store your stories for lifetime long term remembrance memory and keep your memories on the cloud with independent security for an unlimited time.

You can also store and share your memories with other Apps platform which you recorded before in Vid App

Because your data and memories are stored with encryption so no one can access your private data even the Vid App Team or Employes. So then you are completely feeling safe and satisfied with your privacy.

2-) VID CAMERA

Vid.Camera record users memories and upload whether they post in private and public story as they want, this will be stored and uploaded on the cloud.

3-) ZERO KNOWLEDGE ENCRYPTION

All your data on Vid.camera is Encrypted with Zero-knowledge encryption your videos or stories which you want to hide or store on the cloud.

The Zero-knowledge Encryption means that whether you post your content in private or public which content you want to make hiden from others you can be made hidden.

BENEFITS OF VID

1-) VID App provides you independent creator and advertiser relationship. The advertiser can place their brand link into your bottom video swipe-up tool through your audience can relate with ads and don’t confuse with irrelevant ads placement. So you can earn your income independently unlike depending on other platforms policies and rules. Viewers and Creators have a better relationship because of fair and genuine environment.

2-) VID Using Blockchain for Transfer Value and Launched his VID ERC-20 Token but in future, this will 1:1 swap to EOSIO issue when the platform public launch Read More on 5.3 WhitePaper.

3-) VID Token will be used in earning Income and Purchasing paid tier in App For Unlimited App Features Access. Advertiser will Use VID Tokens for Placing ads in Creators Monetized Public Stories.

VID Token Usecases

VID Using Blockchain for Transfer Value and Launched his VID ERC-20 Token but in future, this will 1:1 swap to EOSIO issue when the platform public launch Read More on 5.3 WhitePaper.

VID Token will be used in earning Income and Purchasing paid tier in App For Unlimited App Features Access. Advertiser will Use VID Tokens for Placing ads in Creators Monetized Public Stories.

Read More About VID Token Allocation and Release Schedule on 5.2 WhitePaper

In General Opinion the Overview of VID App and overall Platform Study shows that Platform has Unique, Decentertizled independent and Fair environment concept and token use cases. The Two Major and Prominent Qualities of VID in Video Sharing Market and Whole Streaming and Cloud-Based Encrypted Unlimited Storage and Independent Creator, Advertiser Requirement full filled Platform with peace of mind privacy protection.

CONCLUSION

The income that Vid acquires will be part similarly among Vid and substance makers. This offers clients an extra chance to acquire on the Vid stage and sponsor their entrance to the paid level. Clients can pay the paid level membership charge either with accumulated tokens or in fiat money. The strategies have somewhat extraordinary instruments to guarantee income is part 50/50 among Vid and makers.

Author: Foto lama

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1957113

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