Theta

Is Theta Blockchain The Future Of Online Streaming?

Theta (THETA) Review

Theta Network is the premier blockchain-powered video distribution network. Users choose to offer their bandwidth and computer resources to transmit video to other users and to receive token incentives for their services. Theta-enabled video platforms may expand and acquire their user base. As of December 2020, the Theta community has more than 3,000 Guardian nodes. This new digital item ownership is transparent and novel payment-consumption mechanisms.

Distributions of royalties, trustless crowdfunding tools, and more. It provides an extra social and economic involvement layer that enhances Theta’s primary functionality. It is a platform for the expansion of the ‘altar’ and ‘targets’ as well as ‘tactics,’ which make up the ‘TV’ and ‘tablets’ inside the ‘network’. It can alternatively be considered as a second community-run Guardian layer.

Nodes that operate as malevolent or otherwise controlled. Non-functional Validator Nodes act as a network status indicator. Theta is the most common way to gauge the health of a community in the United States this year. In this pipeline, no one central server or service is employed. The Theta Network is designed using a dual token.

What is TFuel?

Theta Fuel (TFUEL) is the Theta Protocol’s operating token. Theta Labs unveiled Theta 3.0 in December 2020, which incorporates a new TFuel crypto-economic design. This will significantly increase the network’s capacity and utilization and optimize the utility value of smart contract technology, TFuel. The THETA supply is established at 1 billion and the protocol level grows annually at a preset percentage.

What is ThetaSwap?

ThetaSwap is the first decentralized Theta blockchain exchange. It lets users swap TNT20 tokens built on Theta tokens and are trustless and without custody. Use your 12-word mnemonic phrase to import your existing Theta wallet or mobile wallet into the Theta Chrome Wallet. See the Liquidity Pool Guide for details on building a liquidity pool for your coin.

Theta Edge Network Overview

The Theta Edge Network can serve not only as a data delivery network but also as a computer platform with a generic edge. Task Initiators can submit downloads and resolve edge nodes tasks. Task initiators also register tasks and give TFuel incentives using smart contracts for each task on the blockchain.

Work can range from calculating a series of equations, identifying new protein structures to help combat COVID-19, transcoding a movie, and using a network of distributed edge computing devices to hundreds of additional applications. Naturally, crypto-economics can be extended to include all generic computing, and we anticipate that the network’s usefulness and TFuel will be extended further in the future.

Theta Edgecast 

Theta Edgecast is the first fully decentralized video streaming DApp that is built on Theta’s native blockchain technology with smart contracts. It captures video, transcodes it in real-time, caches it, and relays it to users all over the world using its peer-to-peer edge network, which currently has over 2,000 edge nodes. There is no single central server or service used to deliver the video, and all messages are delivered in real-time without using a central server. 

The app is currently a tab on the Edge Node, but you can become a streamer in a minute by clicking on any of the active streams. The Theta Network whitepaper was released in late 2017, and its core thesis was to build a fully decentralized video infrastructure that would drive benefits for each key stakeholder in the video streaming value chain. It includes all existing advertiser-supported platforms such as YouTube, Twitch, and subscription-based services such as Netflix, Hulu, Amazon Prime, Disney+, and many others.

Conclusion

As more people join the Theta network, more bandwidth becomes available, increasing the quality of the network’s video streaming. Theta’s native cryptocurrencies, THETA tokens for voting on protocol modifications and TFuel tokens for transaction execution, are critical to the functioning of its blockchain. Additionally, Theta feels just like Twitch or YouTube and is an open-source project, expanding the opportunity for anybody to build new apps and services on top of it.

Further Theta Information

  • theta-token
  • Theta Network
    (THETA)
  • Price
    $1.24
  • Market Cap
    $1.23 B
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