Media Network Crypto is a platform established with the desire to eliminate the CDN (Content Delivery Network) mechanism with centralized control to create an equal and self-governing environment for content creators. To learn more about the Media Network project, read on.
What is Media Network Crypto (MEDIA)?
Media Network is a protocol that bypasses the centralized approach of traditional CDN providers to a self-governing, open source solution where everyone can participate. The Media Network creates a distributed bandwidth marketplace that allows service providers such as media platforms to contract network resources and dynamically move in and out as demand changes in last-mile data delivery. It allows anyone to serve content organically without introducing any trust assumptions or pre-authentication requirements. Participants earn MEDIA rewards for their bandwidth contributions, a fixed supply SPL token minted on Solana’s Blockchain.
- Anonymous – No registration required. Be part of the network without any kind of contract or KYC.
- Decentralized – A truly censorship-resistant ecosystem powered by peer-to-peer technology.
- Scalable – A new architecture that improves performance when more peers join the network.
Project highlights:
The highlight of the Media Network is that they don’t stop at just storing and distributing media content. The Media Network ecosystem includes many other areas, including:
- Media PeerPool: the CDN system has a mechanism to reduce bandwidth costs by up to 99% by leveraging peer-to-peer browsing functionality.
- Media Edge: Open source software that supports basic web functions such as proxying, caching, and streaming.
- MediaGuard: A network security system through the consensus of users on the network.
- Media Server: This is an integrated peer-to-peer server that allows multiple protocols to interact on the platform.
How does Media Network Crypto (MEDIA) work?
The Media Network creates a marketplace for distributed bandwidth that allows service providers, such as media platforms, to lease network resources. It allows anyone to set up new media borders and deliver 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.
To scale existing infrastructure, developers or media platforms need to buy MEDIA from stock exchanges, make liquidity available for a given DEX serum pool and use the received LPs. You will need to authenticate to a Solana compatible wallet using any available user interface (e.g. media app) and configure your custom settings and features. Once transactions are confirmed, Media Guards checks the amount of staked LP MEDIA tokens and authorizes new resources to the network, specifying bandwidth quota, DNS name and security settings if conditions are met. Everything is encrypted with a password and recorded on the Solana blockchain.
Data transfer fee is automatically deducted from assets staked on the network, depending on current community consumption and rates. The bandwidth quota depends on the number of LP tokens used; The more MEDIA bets, the more bandwidth is available to end users of a given 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, begin to pull the content from the source and replicate it across the world and retransmit the data as needed. End users who request a new provisioned URL instead of the original path to the source will receive data from the nearest media edge based on geolocation and latency. Now anyone can quickly scale a multimedia-dependent application or website and handle millions of concurrent requests without being an engineer or having to worry about compromises.
Crypto Media Network Ecosystem
- Media PeerPool – A CDN agnostic system that reduces up to 99% of bandwidth costs by leveraging peer-to-peer browser functionality.
- Media Edge – An open source software for web serving, reverse proxying, caching, load balancing, media streaming and more.
- Media Guard – Designed to secure the network through consensus, proposing MEDIA bounties and removing malicious peers.
- Media Server – A lightweight yet powerful multi-protocol live streaming server solution. With built-in peer-to-peer capabilities.
Media Network Application
The Media Network application is Built on the high-speed Solana Blockchain, it allows users to register their CDN resources on-chain to later be added to the peer-to-peer network.
Scale any existing infrastructure such as dApp frontends, APIs or even high-traffic streaming media sites in just a few seconds. Start delivering content anonymously through a community-built, peer-to-peer, censorship-resistant CDN.
Media Server Express
Media Server Express is a hosted instance of Media Server, an open source multi-protocol live streaming software. As the Media Network powers last-mile content delivery, it becomes decentralized and censorship-resistant.
MEDIA Token
The MEDIA cryptocurrency is the cornerstone and lifeblood of the network’s economy and has a total of 10.000.000 tokens. It is the medium of exchange between bandwidth providers and anyone renting the CDN service, fueling and enabling the ecosystem’s long-term self-sustainability.
- Governance – MEDIA holders have the power to influence decisions regarding the main protocol.
- Network Credits – MEDIA tokens are used as credits to pay bandwidth providers for data consumption.
- Deflationary – A revolutionary buyback and burn mechanism, a good incentive for token holders.
- Incentives – MEDIA tokens can be staked to generate rewards, starting the community.
Final Thought
Media network is a decentralized network for distributing open source content. The project allows participants to contribute bandwidth to the network to receive MEDIA token rewards. We hopes that the article has brought the necessary information about the project so that you can make your own investment decisions.
