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Theta Price Prediction

Theta is a next generation content delivery platform.

Theta Price Prediction

THETA network is a decentralized video streaming platform built on blockchain. The Theta Network and protocol solves various challenges that the video streaming industry faces today.

Theta Network is the leading video delivery network powered by blockchain technology. Theta allows users to simultaneously watch video content and earn token rewards. They can earn by relaying video to other users who are also watching the same content. In the same vein as other sharing economy models, users opt-in to volunteering their spare bandwidth and computing resources. They can relay video to other users and earn token rewards for their contributions. Users can contribute to Theta Network on any PC, mobile device, or smart TV. This has started affecting THETA price.

Theta Blockchain

The Theta Blockchain is a purpose-built blockchain designed from the ground up for video and data relaying. Theta’s unique multi-BFT consensus design combines a committee of 20–30 Enterprise Validator Nodes. It also has a second layer of 1000s of community-run Guardian Nodes. Validator Nodes propose and produce new blocks in the chain, while Guardian Nodes seal blocks and act as a check on malicious or otherwise non-functional Validator Nodes.

Video Delivery

For video platforms, integrating Theta into their video delivery stack enables them to reduce their video delivery cost, deepen viewer engagement, and drive incremental revenues. By spending less on video delivery infrastructure, and more on rewarding their users, Theta-enabled video platforms can grow their userbase and gain market share.

Theta Edge

In addition to the Validator and Guardian Nodes, the Theta community members also host the Theta Edge Nodes, which form the Theta Edge Network, a fully decentralized network for data delivery and more generally edge computing. As of April 2021, this edge network has grown over 30,000 nodes, covering all the corners of the world. Following Theta 2.0, the capability of the Theta Edge Node network was significantly enhanced with the release of Theta’s industry-leading peer-to-peer “EdgeCast” technology. This new fully decentralized technology stack adds the ability to capture live video, transcode it in real-time, cache and relay live stream video data to users globally – all through Theta’s P2P edge network run by thousands of community members. Not a single central server or service is used in this pipeline. This is a huge challenge and huge accomplishment.

Let us review THETA price

THETA Price Prediction

THETA

THETA is currently trading just below the resistance at $9.85. If it can break this resistance and stay above it, we could start seeing a move towards $11.51, $13.64, $19.78 and $29.71. Failure to flip $9.85 to support could lead to a drop towards $8.67, $7.79, $6.78 and $5.98.

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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

 

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