1. A network device, comprising: a transceiver to send and receive data over a network; and a processor that is operative on the received data to perform actions, including: distributing a plurality of frames within a video content to a plurality of different peer-to-peer configured client devices, wherein each client device within the plurality selects or is instructed to select at least one frame from the plurality of frames, and to perform at least one iteration of a Progressive High Cost and Compression Encoding Scheme (HCC) encoding upon the selected frame; receiving status of the performed at least one iteration on the at least one selected frame from a client device within the plurality of client devices; if the received status indicates that a global convergence threshold is unsatisfied for a resulting output frame of the iteration on the selected frame, then sending the resulting output frame to another one of the peer-to-peer configured client devices to perform at least one iteration of the Progressive HCC encoding upon the resulting output frame; and if the status indicates that the global convergence threshold is satisfied for the resulting output frame, sending the resulting output frame to each of the other peer-to-peer configured client devices to replace the corresponding selected frame in at least a partially encoded form of the video content.