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What is the virtual currency THETA? Basic information on THETA

4 mins read

A service also known as THETA NETWORK, which decentralizes video distribution.

 

Features of THETA

A new block chain and token built for distributed streaming networks (DSNs).

 

Content distribution networks

It provides viewers with an institutional infrastructure system that delivers video streams.

Today’s CDN providers want to build data centers in many locations around the world and be closer to their viewers than they are. However, due to the limited number of data centers, data centers can be far away, especially in developing countries.

The fact that the data center is far away is a cause of stress for users because it takes a long time to watch.

 

 

 

Centralized video services cannot handle the era of 4K, 8K, and VR

Streaming and re-buffering increase the cost of the CDN (server cost). A typical video site can reach tens of millions of dollars a year.

The cost of these CDNs will become even more pronounced as the era of 4K, 8K, and 360 ° VR streaming arrives, and the cost will skyrocket.

 

Solved by making it a decentralized token economy

THETA tokens serve as a long-term sustainable incentive mechanism for various stakeholders to participate in DSNs.

 

  1. The user mines a new token to cache and relay the video stream.
  2. Viewers can present Theta tokens to support their favorite streamers and content creators.
  3. Advertisers consume tokens to support influencers, streaming sites and viewers.
  4. Viewers can also receive tokens from advertisers as a reward.

 

The THETA token is built on the Ethereum network and is ERC20 compliant, but in the fourth quarter of 2018 when the Theta network is scheduled to be launched, the ERC20 compliant Theta token will be a new native token and 1 It will be exchanged one-on-one.

 

Video platform SLIVER.tv

SLIVER.tv is a leading sport’s livestreaming platform built in a virtual economy with over 1 million monthly visitors.

By August 2017, prior to the ICO, we had raised a total of $ 36M in seed and series A rounds.

 

 

 

THETA Roadmap

The roadmap for the future is in Phase 4, and the block chain is scheduled to launch.

In the 4th quarter of 2018, the launch of the native Theta network on the new block chain, the exchange of ERC tokens for native tokens will be possible.

In 1Q 2019, Theta Network will be operational for caching and mining nodes, and Theta On-Demand Content will debut in 3Q 2019.

 

THETA team

The team member is Mitch Liu, who is also the CEO of SILVER.tc, who is also the CEO of THETA.

Advisors include co-founders of Twich and YouTube k.

 

THETA future potential

We have Silver.tv’s products before the ICO, and we’re raising money from multiple VCs in a venture round, so you can see if your team and technology are being evaluated. I think it makes sense that the members who are developing the Silver product are doing the THETA project needed for the future of video streaming in the future.

Regarding the web version of Silver.tv, 19% from Brazil and 13% from the United States, and although there are many Brazil, it seems that they are relatively dispersed in multiple countries. It is better to judge the usefulness while watching the progress of the product in the future.

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