Shulou(Shulou.com)05/31 Report--

Today, I will talk to you about how Filecoin supports video storage. Many people may not know much about it. In order to make you understand better, the editor has summarized the following for you. I hope you can get something from this article.

Since its inception, Filecoin has been committed to storing the world's most valuable information. Today, video has become an important source of communication and content on the network, so it makes sense to use Filecoin to build a large number of new tools and services to store video data. The following is to introduce a new tool for uploading and sharing videos, which has received numerous likes since its debut in Filecoin launch week. Come and experience it first!

Background of file.video project creation

Doug Petkanics, chief executive of Livepeer, says video streaming now consumes 80 per cent of internet bandwidth. Livepeer is a decentralized real-time video streaming infrastructure protected by eTaifang block chain. Decentralized video applications are now possible when combined with Filecoin and IPFS for storage and content delivery.

In the world of Web 2.0, streaming and storing video data is very expensive. Livepeer estimates that in addition to the cost of media servers and the bandwidth of content delivery networks, most companies pay about $3 per hour for each flow to a centralized cloud service. As a result, today some video streaming companies end up folding or selling data to advertisers to make ends meet.

"Video is a growing communication medium, especially in a socially distant world," Petkanics said. "if you have a low-cost, reliable infrastructure, such as Livepeer and Filecoin, you will see streaming platforms for specific vertical markets that allow creators to improve their economies and build better relationships with their audiences, and these models are not constrained by Web2.0 's advertising-centric business model."

File.video makes its official debut

During Filecoin launch week, Livepeer made its debut at file.video, a new way to upload and share videos. The application can be used both as a useful tool for sharing video today and as an open source template for any developer who wants to build web3 video applications.

Livepeer focuses on real-time streaming rather than video-on-demand. Petkanics said he was pleased to see the open source community based on the Livepeer protocol. BUIDL Labs is an example that can use Livepeer's transcoding infrastructure and Filecoin storage to create video-on-demand products like YouTube.

Another team built on top of Livepeer is Voodfy. Voodfy, developed by Leandro Barbosa, is building decentralized tools for private video hosting. This is an all-in-one security flow solution that gives users complete control over their content, including who can access it and how to monetize it. It uses Livepeer, Textile Powergate and Filecoin for cold storage of video.

"many companies and individuals use online video as a knowledge-sharing strategy, hoping to monetize it without spending a lot of effort on a complex video infrastructure," Barbosa said.

"they want a reliable solution to do this in a safe, simple and reliable way and to prevent piracy. They want to provide users with high-quality video content with the best viewing experience, no matter where they are."

Barbosa's vision for web3 is open, free and independent. "the first moment Filecoin read the slogan, I loved the project and the idea of ending centralization and returning data to people."

How file.video works

According to the official website, when a user uploads a video file to file.video, it is first sent to the Livepeer network and charged for settlement in ETH, where the video is transcoded. Transcoding is the process of getting the original video file and reformatting it, so that no matter how much bandwidth you have-- whether it's 2g or 5g-- no matter what kind of device it is, you can ensure the best viewing experience.

Once the file is transcoded, the reformatted video will be sent to the Filecoin network, along with storage and playback fees (settled in Filecoin token).

But don't worry about the cost, transcoding and storage costs are subsidized by Livepeer and protocol labs. Livepeer and Filecoin networks are made up of many different computers, which are run by many different people and organizations. They will encode and store the files uploaded by users and get the relevant fees to complete the distributed storage of video.

After reading the above, do you have any further understanding of how Filecoin supports video storage? If you want to know more knowledge or related content, please follow the industry information channel, thank you for your support.

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