What is Theta Crypto Asset for Video Streaming

Rancakmedia.com – Do you know what Theta is? In general, crypto assets are used for investment or as a transaction tool, but unlike Theta, you can use them for video streaming services.

What is Theta

Theta is a native blockchain that leverages open-source protocols, meaning it allows developers and partners to build decentralized applications (DApps) over the network, just like Ethereum.

Theta mainnet was created as a decentralized network where users could share bandwidth and computing resources on a peer-to-peer (P2P) basis when it was first launched.

This crypto asset was developed in 2017 by Mitch Liu, an entrepreneur who previously built a mobile game and online advertising company. As well as Jieyi Long, a specialist in VR live streaming technology.

The initiative also includes advisors such as Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch.

Not only is it the original blockchain, Theta is also a peer-to-peer and decentralized video delivery network. The blockchain technology that underpins this network paved the way for the free delivery of high-bandwidth content.

When users view movies over this network, part of their processing power is used to distribute the same movies to other users. That way, primary users will get tokens as an incentive.

By delivering a decentralized video streaming infrastructure that is more cost-effective than currently available centralized platforms, the network aspires to become the next generation of entertainment technology. This peer-to-peer video delivery network is supported by its users, and provides many types of content, such as e-sports, movies, TV shows, and music.

How Does Theta Work

This blockchain network uses a peer-to-peer protocol that allows users to receive real-time financial incentives for sharing content. The network also makes it easy for developers to build DApps leveraging the open-source Theta blockchain technology.

Here is how Theta operates in delivering content across its network. The nodes in this network consist of many users who have different types of devices used to watch video content.

All of these nodes can then become “caching nodes” in the Theta network. Nodes in this caching network can store and deliver streaming content to users around the world. They can.

In order to reduce dependence on traditional content delivery networks, where a user's location may affect the streaming services provided or reduce the quality of video broadcasts, this project aims to reduce the public's dependence on them.

Therefore, this network does it in such a way that the video data will be stored and transmitted using the node that is geographically closest to the user. It is intended to transfer videos without losing the quality of the video or other content being sent.

After that, peer nodes in the Theta network will be able to pick up each other's video broadcasts depending on the CDN. CDN stands for content delivery network. Content can be made available faster this way.

CDNs, on the other hand, have the disadvantage of being expensive. These services will usually charge a fee for the amount of data used, which means that as video streaming sites grow in popularity, the fees paid to users will also increase.

TFUEL will be awarded to nodes that help launch content as a way to reward them for sharing bandwidth and bringing new nodes to the network.

By eliminating the need for a high-cost data center, the development team aims to cut content delivery costs down to 80%.

Conclusion

Theta is a native blockchain that leverages open-source protocols, meaning it allows developers and partners to build decentralized applications (DApps) over the network, just like Ethereum.

Thus the article about What is Crypto Asset Theta for Video Streaming, I hope the article above can be useful and helpful for all of you.