A new protocol that bypasses traditional CDN providers’ centralized approach for a self-governed and open source solution where everyone can participate. A distributed economy that enables anyone with spare bandwidth resources to monetize them, earning MEDIA Network Tokens in exchange for their contributions to the network.
Any existing infrastructure can now be scaled by hiring bandwidth-on-demand without constraining long-term business commitments or compromising privacy. No accounts, KYC, or personal information is required at any point for any of the participants of the network.
How It Works
Media Network creates a distributed bandwidth market that enables service providers such as media platforms to hire resources from the network and dynamically come and go as the demand for last-mile data delivery shifts. It allows anyone to organically set up new Media Edges and serve content without introducing any trust assumptions or pre-authentication requirements. These participants earn MEDIA rewards for their bandwidth contributions, a fixed supply SPL token minted on Solana’s Blockchain. The protocol utilizes new mechanisms to encourage honest and collaborative work between participants of the network.
To scale an existing infrastructure, developers or media platforms will have to buy MEDIA off exchanges, provide liquidity to any designated Serum DEX pools, and stake the resulting LP MEDIA tokens. After that, they will have to authenticate with a Solana compatible wallet to any of the available front-ends (e.g., Media App) and set up their resources and custom settings.
Once the transactions are confirmed, Media Guards will verify the amount of staked LP MEDIA tokens and, if conditions are met, authorize the new resource into the network assigning bandwidth quotas, DNS names, and security settings. Everything is encrypted with a password and recorded on Solana’s blockchain.
Data transfer fees are deducted automatically from the stake, depending on consumption and the community’s current fee pricing. Bandwidth quota depends on the amount of LP tokens staked; the more MEDIA staked, the more burstable bandwidth available for a specific resource’s end-users. As the stake gets reduced by the data consumption, so is the bandwidth available for that specific resource.
100% Blockchain Based
Media Edges listening to these on-chain transactions will then start pulling the content from the origin and replicating it worldwide, relaying the data on-demand. End users requesting the new provided URL instead of the original path to the source will get the data from the closest edge based on geolocation and latency, optimizing last-mile delivery. Now anyone can quickly scale heavy multimedia-dependent applications or websites and hold millions of requests simultaneously without the need to be an engineer or compromising privacy at any point.
All claims, content, designs, algorithms, estimates, roadmaps, specifications, and performance measurements described in this project are done with the author's best effort. It is up to the reader to check and validate their accuracy and truthfulness. Furthermore, nothing in this project constitutes a solicitation for investment.