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.
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.
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.
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 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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