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THETA Crypto PNG Transparent Images

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License Info: Creative Commons 4.0 BY-NC


Submitted by on Sep 3, 2021

The Theta blockchain is a cryptocurrency and decentralised video distribution network. This cutting-edge platform offers both technological and financial answers to the streaming industry’s issues. As a result, the Theta blockchain was created to encourage bandwidth sharing across the network. Users can give their unused bandwidth and computer resources in return for token incentives.

Theta’s engineers are using an innovative new blockchain to address numerous issues that the video streaming business is facing today. The platform’s design, in particular, reduces bottlenecking in traditional content distribution pipelines. Professionals refer to this problem as the “last-mile” problem. For high-resolution, high-bitrate 4k, 8k, and next-generation streaming systems, this is a big problem.

Benefits Of The Theta Blockchain

Theta users have access to a worldwide video content and data delivery infrastructure. Esports, music, TV/movies, education, enterprise conferencing, peer-to-peer streaming, and more are all available through this open-source initiative. Furthermore, the platform’s decentralised design assures that its users theta fuel.

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Theta’s expandability and interoperability are two more key advantages. The network facilitates the development of vertically distributed apps (Dapp). These apps run on top of the platform and take advantage of its extensive technological capabilities. SLIVER.tv was the first Dapp to debut on the network.

How Does Theta Blockchain Work?

Theta is a decentralised video distribution network that complies with the ERC-20 standard. As a result of this classification, Theta users may take use of the Ethereum ecosystem to streamline their crypto experience. Ethereum is the world’s largest Dapp ecosystem, and ERC-20 tokens are supported by a wide range of wallets, exchanges, and games. Theta takes Ethereum’s security and efficiency and combines it with a number of unique technologies to increase stream delivery quality.

Theta Blockchain

Enabling the time being, the Theta blockchain is the only end-to-end infrastructure for decentralised video streaming and delivery. In this sense, the blockchain’s architecture allows for optimum usefulness. The system can, for example, extract streams from peering caching nodes. This method helps video platforms to cut their content delivery network (CDN) expenditures in half.

Theta Tokens

Theta tokens are the Theta network’s governance tokens. They provide a wide range of features to consumers. This coin is used to stake as a Validator or Guardian node and create blocks and participate in the protocol’s governance. At present time, there are 1,000,000,000 Theta tokens in circulation. This is also the total number of tokens that the platform plans to release.

TFUEL

In the Theta ecosystem, TFUEL tokens serve as the main utility token. Within the network, these tokens are used for a variety of reasons. TFUEL tokens are primarily used to incentivize and encourage individual users to contribute their redundant computer and bandwidth resources as video caching or relay nodes.

Theta.Tv

The major streaming service for the network is Theta.tv. From here, users may watch and submit videos. This Dapp is scheduled to be included on future Samsung Galaxy phones, which is impressive. Theta software will be installed on 75 million existing devices as a result of the integration. As a result of this relocation, Theta will have a global user base in the future.

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