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.
First, tokens on the THETA blockchain are used as an incentive to encourage individual users to share their redundant computing and bandwidth resources as caching or relay nodes for video streams. This has started affecting THETA price.
Benefits of THETA Network
THETA network improves the quality of stream delivery and solves the “last-mile” delivery problem. This is the main bottleneck for traditional content delivery pipelines. This issue is common for high resolution high bitrate 4k, 8k and next generation streams. With sufficient network density the majority of viewers will pull streams from peering caching nodes, allowing video platforms to significantly reduce content delivery network (CDN) costs. More importantly, by introducing tokens as an end-user incentive mechanism the Theta Network allows video platforms to deepen viewer engagement, drive incremental revenues, and differentiate their content and viewing experience from their competitors.
Let us review THETA price.
THETA/USD – Price Prediction
THETA is trading above the support zone at $3.81. As long as it is above this support zone, we could start seeing a move towards $4.35, $4.73, $5.20, $6.59 and $8.83. Failure to hold the support at $3.81 could lead to a drop towards $3.49 and $2.98.
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