Use Shaka-Player to build a simple online video sharing platform.
Shaka Player is an open-source JavaScript library for adaptive media. It plays adaptive media formats (such as DASH and HLS) in a browser, without using plugins or Flash. Instead, Shaka Player uses the open web standards MediaSource Extensions and Encrypted Media Extensions. (Source)
Dynamic Adaptive Streaming over HTTP (DASH), also known as MPEG-DASH, is an adaptive bitrate streaming technique that enables high quality streaming of media content over the Internet delivered from conventional HTTP web servers. (Source)
FFmpeg is the leading multimedia framework, able to decode, encode, transcode, mux, demux, stream, filter and play pretty much anything that humans and machines have created. It supports the most obscure ancient formats up to the cutting edge. No matter if they were designed by some standards committee, the community or a corporation. It is also highly portable: FFmpeg compiles, runs, and passes our testing infrastructure FATE across Linux, Mac OS X, Microsoft Windows, the BSDs, Solaris, etc. under a wide variety of build environments, machine architectures, and configurations. (Source)