Review Theta Network ($THETA) – Next-generation video and entertainment blockchain

Theta Network is a blockchain project that builds today’s only end-to-end infrastructure for decentralized video transmission and distribution, providing both technical and economic solutions in march 2019.

https://youtu.be/OQR7GVoV-24

What is Theta Network?

Theta (THETA) is a blockchain-powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.

Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe, and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.

Outstanding features

What is the project trying to achieve?

The problem

• Poor Quality

Today’s content delivery networks (CDN) lack reach, causing video re-buffering, and high load times in many parts of the world.

• Skyrocketing data needs

Users demand 4k, 8k, and higher quality streams creating an infrastructure bottleneck.

• A centralized and inefficient system

The centralized nature means less revenue flows back to content creators and platforms.

The solution

Theta’s blockchain network is based on a peer-to-peer (P2P) protocol that allows participants to be rewarded with real-time payments for content distribution. The network also allows developers to build DApps on top of its open-source blockchain protocol.

• Viewers earn rewards as Theta Fuel: For sharing excess bandwidth and resources, viewers are now rewarded to participate in the network.
• Higher quality, smoother video streaming: A decentralized peer-to-peer network delivers streams efficiently globally.
• Reduced cost of delivering video streams: Video platforms no longer need to build expensive infrastructure, means more innovation and unique business models.

Theta uses the POS (Proof of stake) consensus mechanism, which is based on staking. That means the participants lock a large amount of THETA tokens in order to have the power to process blocks of transactions.

What is unique selling point?

Technical advancements

• A new, native blockchain purpose-built to power decentralized video delivery.
• Ground-breaking technology includes Multi-BFT Consensus, Aggregated Signature Gossip Scheme, and Resource-Oriented Micropayment Pool.

Streaming ecosystem

• Theta works as a long-term sustainable incentive mechanism to motivate all stakeholders to participate in video delivery, fully decentralized.
• Theta is the only end-to-end platform. New blockchain. Next-generation peer-to-peer architecture.

Roadmap

Technical data

Key metrics 

THETA token is the base currency of Theta Network. It plays a key role in maintaining stability, security, and economic impetus for network participants.

In Theta Network there are two types of Tokens, THETA and Theta Fuel:

• THETA is Governance Token: Owning THETA means you have the power to make decisions about upgrading the system and protocol.
• Theta Fuel is Utility Token: It is used as Gas in Theta Protocol. Also used for payments in Theta Network’s ecosystem.

Theta Network token

• Token Name: Theta Network 
• Ticker: THETA
• Blockchain: Ethereum 
• Token Standard: ERC20
• Contract: 0x3883f5e181fccaF8410FA61e12b59BAd963fb645 
• Token type: Governance
• Total Supply: 1.000.000.000 THETA
• Circulating Supply: Updating…

TFUEL (Utility Token)

• Token Name: Theta Fuel
• Ticker: TFUEL
• Blockchain: Theta Network
• Token Standard: Updating…
• Contract: Updating…
• Token type: Utility
• Total Supply: 1.000.000.000 THETA
• Circulating Supply: Updating…

Token allocation

Backers

Team/ Founders

Investors

Advisors

Partners

Verdict

Theta Network is one of the fastest-growing Blockchain networks. Currently, it is considered the largest decentralized streaming and video distribution network in the world. Not only stopping to develop video technology, but Theta Labs is also in the process of developing and building DeFi features based on the economic system through the THETA token platform. Launching decentralized network nodes easily allows anyone to launch a node even a non-tech-savvy user.

Find more information about Theta Network:

Website: https://www.thetatoken.org/

Whitepaper: https://s3.us-east-2.amazonaws.com/assets.thetatoken.org/Theta-Ecosystem-2022-and-TDROP-Whitepaper.pdf?v=1648219536.009

Twitter: https://twitter.com/Theta_Network

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Elise

Coincu Ventures