Theta Token update: THETA Live price, price chart, news and markets

Introduction to Theta Token

Theta Token is a blockchain project that aims to establish a comprehensive infrastructure for decentralized video transmission and distribution. Launched in March 2019, the Theta Network offers technical and economic solutions for the video streaming industry.

The network operates on a peer-to-peer (P2P) basis, where users share bandwidth and computing resources. Notably, Theta Network is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.

Understanding Theta Token (THETA)

Theta Token (THETA) serves as the native cryptocurrency of the Theta Network. It plays various governance roles within the network. Notable validators and supporters of the Theta Network include Google, Binance, Blockchain ventures, Gumi, Sony Europe, and Samsung. Additionally, the network relies on a Guardian network consisting of thousands of community-run guardian nodes.

How Theta Token Works

The Challenge: Addressing Existing Issues

• Poor Quality: Existing content delivery networks (CDNs) have limited reach, resulting in video re-buffering and high load times in many regions.
• Skyrocketing data needs: User demand for high-quality streams, such as 4k and 8k, creates infrastructure bottlenecks.
• A centralized and inefficient system: The centralized nature of traditional networks leads to less revenue flowing back to content creators and platforms.

The Solution: A Blockchain-Powered Network

Theta Network tackles these challenges through its blockchain-powered network. It utilizes a peer-to-peer (P2P) protocol that rewards participants with real-time payments for content distribution. The network also enables developers to build decentralized applications (DApps) on top of its open-source blockchain protocol.

• Viewers earn rewards as Theta Fuel: By sharing excess bandwidth and resources, viewers can participate in the network and receive rewards.
• Higher quality, smoother video streaming: The decentralized peer-to-peer network ensures efficient video streaming globally.
• Reduced cost of delivering video streams: Video platforms no longer need to invest in expensive infrastructure, leading to more innovation and unique business models.

Theta Network utilizes the Proof of Stake (POS) consensus mechanism, where participants lock a significant amount of THETA tokens to process blocks of transactions.

Key Features of Theta Token

Technical Advancements: Revolutionizing Video Delivery

• A new, native blockchain designed specifically for decentralized video delivery.
• Ground-breaking technologies, including Multi-BFT Consensus, Aggregated Signature Gossip Scheme, and Resource-Oriented Micropayment Pool.

Streaming Ecosystem: Motivating Participation

• Theta serves as a sustainable incentive mechanism to motivate all stakeholders to participate in video delivery on a fully decentralized platform.
• Theta is the only end-to-end platform with a new blockchain and next-generation peer-to-peer architecture.

Roadmap: Future Development