Theta is a decentralized network in which users share bandwidth and processing power on a peer-to-peer basis. According to its developers, Theta intends to disrupt the video streaming business, which is characterized by centralized architecture, low efficiency and high costs for end users. Content providers traditionally make less revenue due to the barriers between them and the viewer.
Through blockchain technology, Theta aims to provide an alternative to the current centralized streaming services such as YouTube and Twitch by incentivizing users to share their excess bandwidth and resources with the network. In return, users are rewarded with THETA tokens.
The Theta protocol claims to be more efficient than traditional centralized streaming services because it does not rely on a single server to handle all the video traffic for an entire region, which often leads to congested networks and poor video quality. The Theta protocol uses a distributed ledger to track the available resources across the network, selecting the optimal path for video delivery.
What is Theta (THETA)?
The Theta network is a decentralized video streaming and delivery network that makes use of user-generated content (UGC). Theta’s native cryptocurrency, THETA, is used to power the network.
Who are the founders of Theta? The Theta network was founded by Mitch Liu and Jieyi Long in 2018. Launched in 2019, Theta’s team includes media and technology veterans from companies such as Google, YouTube, Samsung and Sony, and former employees of YouTube and Twitch as advisers.
How does Theta network work? The Theta network uses a directed acyclic graph (DAG) structure and operates under proof-of-stake (PoS). Users with THETA tokens can stake them to earn rewards for validating transactions and keeping the network secure. Its enterprise validators include Google, Binance, Blockchain Ventures, Gumi, Sony Europe and Samsung, which work alongside its Guardian network of thousands of community-run Guardian nodes.
Is Theta network secure? The Theta network is designed to be highly secure with several layers of protection, including a DAG data structure, nodes that validate transactions and keep the network running (Guardian Nodes), and a decentralized infrastructure.
Theta network live coin price
A Theta network price prediction is hard to make, but the top of the page shows the THETA live price chart priced against the U.S. dollar (USD). The THETA coin circulation supply is 1 billion THETA, and the THETA coin maximum supply is 1 billion THETA tokens. Curious about where to buy THETA coin? THETA can be bought on many major centralized exchanges. Wondering how to buy THETA coin? See Cointelegraph’s step-by-step guide.