THETA is the first decentralized streaming network which is a big deal considering that streaming takes up more internet bandwidth than anything else. Having achieved recognition in the crypto sphere as a rising star and with 3-second transaction times, THETA token is accepted as payment by real-world businesses, like Ibis Tech, offering some very trendy office accessories to Australians.
Who accepts THETA…
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Should you buy THETA?
It aims to create a system where users are incentivized to share their bandwidth with one another. THETA tokens motivate users to join the network; you can get paid in them for sharing your home computer’s bandwidth while you sleep — that’s kind of cool, right? Decentralization actually lowers the bandwidth cost and unlocks blazing fast speeds for delivering streaming video in 4K, 8K, and beyond. THETA will enable science-fiction-level tech like ultra-high-resolution virtual reality streaming.
A few use cases and things to note…
- THETA Edge — the first fully decentralized peer-to-peer video content delivery network.
- THETA.tv — the next generation Esports entertainment platform.
- World Poker Tour’s 24/7 live stream broadcast is powered by THETA.
- Lionsgate Films actually streams some of their library of classic movies via THETA.
- Its leadership team is impressive, including the likes of Steve Chen, co-founder of Youtube itself!
Decentralizing streaming seems like a noble mission, do you remember years back when “net neutrality” was made a really hot topic by Netflix streaming using so much of the internet’s bandwidth? Decentralized streaming would fix that, which is maybe something to support…
Is THETA another one of these blockchains projects pretending to disrupt an industry while actually just entrenching the dominant firms? They raised over $100 million in venture capital from people like Sony, Samsung, Creative Artists Agency (a powerhouse Hollywood talent agency which you can see fictionalized and headed by the egomaniac Ari Gold in the TV series Entourage), and traditional Silicon Valley VCs.
A little rant about my bias when it comes to streaming — I am no fan of streaming! I’ve thought that live streaming was lame ever since it was first rolled out almost a decade ago. I’ve always preferred the more cinematic experience of watching produced web video over a live stream of some unengaging guy sitting in front of his computer talking about whatever.
Live streaming has ruined a lot of my favorite internet shows; podcasting and Youtubing have devolved into this lame format of a guy reading the news and making snarky comments while hoping for super chats. I really don’t like listening to someone argue with random commenters and trolls on a live stream. Also, I’ve got a lot of content to listen to so I prefer to listen to almost everything at 1.25X speed — not possible with live streaming. “E-sports” I always found utterly oxymoronic and remain baffled that people want to watch other people play video games.
If you need any further proof of the impending idiocracy and collapse of civilization consider the scourge of Twitch THOTs and their simps, which you can thank streaming technology for. But it would seem that the unwashed masses of the internet disagree with me, streaming is here to stay (like herpes!)
This whitepaper introduces the Theta Network, a new blockchain and token as the incentive mechanism for a decentralized video streaming and delivery network.
The Theta Network and protocol solves various challenges the video streaming industry faces today. First, tokens on the Theta blockchain are used as an incentive to encourage individual users to share their redundant computing and bandwidth resources as caching or relay nodes for video streams. This improves the quality of stream delivery and solves the “last-mile” delivery problem, the main bottleneck for traditional content delivery pipelines, especially for high resolution high bitrate 4k, 8k and next generation streams. Second, with sufficient network density the majority of viewers will pull streams from peering caching nodes, allowing video platforms to significantly reduce content delivery network (CDN) costs. More importantly, by introducing tokens as an end-user incentive mechanism the Theta Network allows video platforms to deepen viewer engagement, drive incremental revenues, and differentiate their content and viewing experience from their competitors
From the abstract of the THETA whitepaper