What is Crypto Asset Theta for Video Streaming

Nafa Lightyani

What is Crypto Asset Theta 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 it for video streaming services.

What is Theta

Theta is a native blockchain that utilizes an open-source protocol, 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 first launched.

Aset crypto it 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 VR live streaming technology specialist.

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

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

When users view a movie over this network, some of their processing power is used to distribute the same movie to other users. That way, main users will get tokens as incentives.

By delivering a decentralized video streaming infrastructure that is more cost-effective than the centralized platforms available today, the network aspires to be 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 Theta Works

This blockchain network uses a peer-to-peer protocol that allows users to receive incentives finance real time to share content. The network also makes it easier for developers to build DApps by leveraging open-source Theta blockchain technology.

Here's a look at how Theta operates in delivering content across its network. The nodes in this network consist of many users who have various 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.

To reduce dependence on traditional content delivery networks, where the user's location can affect the streaming services provided or reduce the quality of video broadcasts, this project intends to reduce the public's dependence on them.

Therefore, this network does it in such a way that video data will be stored and sent using the nodes that are 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 retrieve each other's video broadcasts by relying on the CDN. CDN stands for content delivery network. Content can be provided more quickly this way.

CDNs, on the other hand, have the disadvantage of being expensive. These services will usually charge for the amount of data used, meaning that as video streaming sites become more popular, 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 high-cost data centers, the development team aims to cut content delivery costs by up to 80%.

Conclusion

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

That's the article about What is Crypto Asset Theta for Streaming Video, hopefully the article above can be useful and helpful for all of you.

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Nafa Lightyani

I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends.