Theta Token THETA

$0.0865
Market Cap $ 59.140 MM (#91)
24h Volume $ 2.986 MM
Chg. 24h: 0.19%
Algo. score 3.7/5  (#115)
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Theta Token project purpose and description

Theta Token clarity of purpose

Theta Token purpose and aspects

Decentralized video streaming, powered by users and an innovative new blockchain 1.Viewers earn rewards as Theta tokens For sharing bandwidth and resources, a viewer can now earn Theta tokens as a direct reward and share it back to the creators. 2.High quality, smooth video streaming A peer-to-peer decentralized CDN delivers streams efficiently throughout the world. 3.Reduced cost of delivering video streams Publishers and content creators no longer need to develop expensive infrastructure, allowing for more innovation and unique business models.

Theta Token categories

PlatformMedia & publishing

Short description

Theta is a blockchain and token that will be used to power a decentralized video streaming and delivery network. The Theta Token functions as an incentive mechanism that encourages users to share their unused memory and bandwidth, serving as video caching and relay nodes for the network. Theta will be an open-source project that will be shared with industry and community participants, and our long-term vision is to have all video platforms participate in the network by building decentralized apps (Dapps) on top of the Theta protocol. Applications such as TV, movies, esports, music, education, and enterprise conferencing can benefit from building on the Theta Network.

Abstract

This whitepaper introduces a new Decentralized Streaming Network (DSN) and Theta, a new blockchain and token as the incentive mechanism for the DSN. DSN and the Theta protocol solve various challenges the video streaming industry faces today. First, Theta tokens are used as an incentive to encourage individual users to share their redundant memory and bandwidth resources as caching nodes for video streams. This improves the quality of stream delivery and solves the “last-mile” delivery problem, the main bottleneck for traditional stream delivery pipelines, especially for high resolution high bitrate 360° virtual reality (VR) streams. Second, with sufficient amount of caching nodes, the majority of viewers will pull streams from peering caching nodes. This significantly reduces content delivery network (CDN) bandwidth costs, which is a major concern for video streaming sites. Lastly, the Theta network greatly improves the streaming market efficiency by streamlining the video delivery process. For example, advertisers can target end viewers at a lower cost and reward influencers more transparently.

Link to Roadmap: https://www.thetatoken.org/
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