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Media Network

MEDIA

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About Media Network

MEDIA is a Solana token for the Media Network, a new protocol that foregoes traditional centralized CDN approaches and opts for a self-governed, open-source solution. Users can monetize spare bandwidth resources and earn MEDIA in exchange for their contributions.

Media Network is a new protocol that aims to decentralize the traditional approach of Content Delivery Network (CDN) providers. It strives to create a self-governed and open-source solution where everyone can participate. The protocol seeks to establish a distributed bandwidth market, enabling service providers such as media platforms to hire resources from the network and dynamically adjust as the demand for last-mile data delivery fluctuates. Media Network aims to allow anyone to serve content organically without any trust assumptions or pre-authentication requirements. Participants in the network may receive MEDIA tokens as compensation for their bandwidth contributions. These tokens are a fixed supply SPL token minted on Solana’s Blockchain.

Media Network operates as a decentralized hub for web services, connecting providers and clients through smart contracts. It allows service providers to hire resources from the network and dynamically adjust as the demand for data delivery shifts. The network participants, whether they are clients consuming web services or providers supplying web services, interact using the MEDIA token. This token serves as the medium of exchange between clients and providers, powering the network's economy. Providers need to hold MEDIA LP tokens to provide services. An innovative burn mechanism is activated with each deal, infusing dynamism into the system.

Media Network has a wide range of potential use cases. It may be used by media platforms and other service providers to hire resources from the network for data delivery. This eliminates the need for third-party facilitators, making the process more efficient and cost-effective. The network also aims to allow anyone to serve content organically, which can be particularly useful for content creators and distributors. Additionally, the MEDIA token may be used in exchange for web services, creating a self-sustaining economy within the network. The Media Network App serves as an intuitive front-end interface for accessing the features of the Media Network protocol, simplifying the browsing and usage of web services.

Media Network was launched with the aim of decentralizing the traditional approach of CDN providers. It was designed as a self-governed and open-source solution where everyone can participate. The protocol was built on Solana’s Blockchain, and the MEDIA token was introduced as a fixed supply SPL token to reward participants for their bandwidth contributions. The network has undergone changes and updates, with various developments being introduced to enhance its functionality and usability. For instance, the Media Network App was developed to simplify the interaction with the Media Network, enabling more users to benefit from the protocol's decentralized marketplace and smart contracts.

Content creators and users can participate in the Media Network ecosystem by creating, sharing, and interacting with digital content. This ecosystem is built upon five critical pillars: content strategy, governance, creation, distribution, and analytics. Content creators can generate digital content in various formats, such as articles, podcasts, research papers, case studies, and more. These forms of content are produced to fulfill various objectives, including engaging with the community and sharing knowledge within the sector. Users, on the other hand, can participate by consuming, sharing, and engaging with the content, thereby participating in the ecosystem. The Media Network ecosystem aims to leverage blockchain technology, potentially providing new tools for creators to collaborate with and engage fans, including non-monetary tokenized rewards, online communities, and non-financial incentives linked to NFTs.

MEDIA tokens are specialized digital assets that provide specific utilities within the Media Network ecosystem. They are not just meant for acquisition; rather, they enable certain features, functions, or benefits on the platform. For instance, a MEDIA token might allow you to vote on community decisions, access premium features, or access specific platform features. The use cases range from decentralized file storage and computation power to governance and beyond. In simple terms, a MEDIA token is a user token or platform coin. These tokens are usually distributed during distribution events as a project carries out an IEO. When a firm creates a MEDIA token, it essentially creates a type of digital coupon that can be used within its ecosystem. These tokens are usable upon platform launch. Users of such a platform may utilize platform-specific services. MEDIA tokens do not represent ownership in a company. As a result, they are usually exempt from the laws governing securities worldwide based on how they are structured.

Media Network is designed with the intention of facilitating content delivery, a process that involves providing web-based media over a specific medium, such as the internet. The content is transferred from an originating server to a cache server. This encompasses various types of online, web-based content, such as music videos, webpages, television shows, and videogames. The process of online content delivery involves distributing information to duplicate servers to maintain web-based content, a process known as content caching. Content caching is intended to facilitate various aspects of content delivery, including potential improvements in loading time, efficiency, and decentralization, which can help prevent denial-of-service (DoS) attacks. Content delivery works through three steps: web redirection, URL selection, and delivery. Content can be delivered through downloading or streaming. Content delivery networks (CDNs) are designed with the intention of addressing various aspects of content delivery, including potential improvements in loading time, content availability, webpage security, and bandwidth management.

The architecture of Media Network is a multifaceted system that encompasses several key components. These components include hardware devices such as routers, switches, servers, and firewalls that enable communication within the network. Network protocols, which are sets of rules that dictate how devices on a network communicate, are another essential component. These protocols include Internet Protocol (IP), Transmission Control Protocol (TCP), and User Datagram Protocol (UDP). The architecture also incorporates transmission media, which pertains to the physical or virtual paths by which data travels from one point to another within a network. Network topologies, which refer to the physical or logical layout of the devices on the network, are another integral component. Finally, the architecture includes services like DHCP and DNS to cater to specific client needs. It's worth mentioning that each architecture type is distinct, with specific network security considerations, connectivity requirements, and service provisions.

Users have the opportunity to participate in the governance of Media Network by participating in Internet governance. This involves contributing to the decision-making bodies that shape Internet governance to ensure that the Internet remains open, pluralistic, and democratic. Users can provide input on policy issues being discussed at various Internet governance bodies, such as the Internet Corporation for Assigned Names and Numbers (ICANN), the Internet Governance Forum (IGF), the International Telecommunication Union (ITU), the Internet Engineering Task Force (IETF), and the Institute of Electrical and Electronics Engineers (IEEE). These bodies value the input of those with media development experience. The multistakeholder Internet governance model presents a possibility for users to participate in the development of the future media ecosystem. This model allows civil society organizations to participate alongside other stakeholders in the creation of the policies that govern the Internet.

Media Network (MEDIA) utilizes a staking mechanism that allows participants to receive MEDIA tokens. This mechanism is integral to the network's economy, acting as the medium of exchange between clients and providers. The staking process in Media Network involves two main participants: providers and liquidity pool (LP) stakers. Providers, who offer web services, receive MEDIA tokens in exchange for their services. They are required to stake MEDIA liquidity pool tokens to provide these services. Conversely, LP stakers receive MEDIA tokens for providing liquidity and staking their tokens. This mechanism seeks to contribute to the long-term self-sustainability of the protocol. It's important to note that the MEDIA token plays a role in the network's governance, allowing holders to participate in decisions concerning the core protocol.

Developers can integrate Media Network into their applications by utilizing the Media Network's Application Programming Interface (API). An API is a set of protocols that enables different software applications to interact with each other. In the context of Media Network, the API allows developers to access and integrate data from Media Network into their applications. This could include user data, content streams, and other functionalities provided by Media Network. The integration process typically involves registering as a developer on Media Network, obtaining API keys and tokens for authentication, and implementing the API codes into the application's source code. Developers are encouraged to adhere to Media Network's API guidelines, which aim to facilitate compliance and strive for optimal functionality. Testing the API integration and maintaining it by updating the API codes as needed are considered crucial steps in the integration process.

Market

Market stats

Market cap

-

Volume (24h)

$205,227.55

Circulating supply

-

Typical hold time

2 days

Popularity

#3322

All time high

$189.05

Price change (1h)

+0.31%

Price change (24h)

-1.85%

Price change (7d)

+18.3%

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Social

Some highlights about Media Network on social media

4 unique individuals are talking about Media Network and it is ranked #1,247 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Media Network has an average sentiment score of 3.2 out of 5. Finally, Media Network is becoming more newsworthy, with 0 news articles published about Media Network. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Media Network. There were 46.67% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Media Network. 53.33% of tweets were neutral about Media Network. These sentiments are based on 30 tweets.

On Reddit, Media Network was mentioned in 0 Reddit posts and there were 0 comments about Media Network. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

4 people

Volume rank

#1,247

Average Sentiment

3.2 out of 5

Twitter

Coinbase Bytes

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Media Network is on the rise this week.

The price of Media Network has increased by 0.31% in the last hour and decreased by 1.85% in the past 24 hours. Media Network’s price has also risen by 18.30% in the past week. The current price is $22.71 per MEDIA with a 24-hour trading volume of $205.23K. Currently, Media Network is valued at 87.99% below its all time high of $189.05. This all-time high was the highest price paid for Media Network since its launch.

The current circulating supply of Media Network is 0 MEDIA which means that Media Network has as total market cap of 0.

FAQ

What is the current price of Media Network?

We update our Media Network to USD currency in real-time. Get the live price of Media Network on Coinbase.

What is the market cap of Media Network?

The current market cap of Media Network is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Media Network?

The all-time high of Media Network is $189.05. This all-time high is highest price paid for Media Network since it was launched.

What is the 24 hour trading volume of Media Network?

Over the last 24 hours, the trading volume of Media Network is $205.23K.

What other assets are similar to Media Network?

Assets that have a similar market cap to Media Network include Omni, CryptMi, Wrapped Pepe, and many others. To see a full list, see our comparable market cap assets.

How many Media Network are there?

The current circulating supply of Media Network is 0.

What is the typical holding time of Media Network?

The median time that Coinbase customers hold Media Network before selling it or sending it to another account or address is 2 days.

What is the relative popularity of Media Network?

Media Network ranks 241 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Media Network?

Currently, 80% of Coinbase users are buying Media Network. In other words, 80% of Coinbase customers have increased their net position in Media Network over the past 24 hours through trading.

Can I buy Media Network on Coinbase?

Yes, Media Network is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Media Network guide.