THETA

Theta is software that seeks to incentivize a global network of computers to operate a decentralized video streaming platform. Today, content delivery networks (CDNs), geographically located networks of operators, are paid to deliver video stream content to end-users. Due to being restricted by their locations, existing CDNs can’t keep up with increasingly high-quality streams. Theta allows its global pool of users to relay videos by offering their spare bandwidth and computing resources and rewards them for doing so. As more users join the Theta network, more bandwidth is available, thus improving the streaming quality of the videos on the network. Central to running the operations on its blockchain, Theta boasts two native cryptocurrencies, THETA coin, for voting on changes to the protocol, and TFUEL, for executing transactions. Theta is also open-source software. It claims that this increases the potential for anyone to create new applications and services on top of it.

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Date

17/06/2021

andrea aguiari