Theta (THETA) is a blockchain-based network for media content, where users can share their bandwidth and computing resources. The Theta infrastructure, which is built specifically for video streaming, is based on peer to peer (P2P) and works completely decentralized.
The native token used for many governance transactions within the Theta network is THETA. The network, which has institutional validators such as Google, Binance, Sony and Samsung, has a community-run guardian network called the Guardian, which has thousands of nodes.
According to the developers’ statement, Theta aims to transform the structure of the media and video streaming industry. The distance between content creators and end users is growing due to the essential expense of traditional builds, and increased costs lead to less revenue. Theta developers, who produce alternatives to end central structures and high costs, think that end users cannot reach the experience they deserve with current methods.
What makes the Theta network different?
Theta’s main purpose is; Decentralizing the video streaming infrastructure, data distribution and endpoint computing solutions, it is stated that it is to ensure that the industry takes on a more efficient, low-cost and democratic structure.
As it is known, global-scale websites try to speed up access by directing their users to the closest server according to their location. However, this routing process is paid and due to their centralized structure, they may experience bottlenecks from time to time. Theta, on the other hand, aims to solve this problem with its global user base.
Theta, which enables transactions to take place over its own blockchain network, has two token systems: THETA grants voting rights for Protocol amendments TFUEL is used to perform transactions on the blockchain.
Just as with the popular file sharing protocol Torrent technology, the capacity, speed and accessibility of the network increase as the number of users increases.
Theta infrastructure allows users to access higher quality video streaming services, while content creators earn higher earnings.
The rewards within the system are paid in the form of TFUEL tokens. Such users are encouraged to both access network content and share network resources.
Theta Network
Three main groups maintain the Theta network:
Enterprise Validator Node: Institutions such as Google, Sony and Samsung that enable data processing by staking THETA tokens.
Guardian Node: Network participants that process blocks suggested by institutional validators.
Edge Node: Participants who offer their bandwidth and computing power to the network and win an award in the form of TFUEL.
Anyone who wishes can support the network and be rewarded with graphical interface node software that can be downloaded from the official Theta Token website.
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