Decentralized video streaming, powered by users and an innovative new blockchain
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Theta Network is trying to build a decentralized video streaming platform that can potentially solve a lot of the problems faced by the traditional content delivery/video streaming ecosystem.
Steve Chen, Co-founder of Youtube, is one of their advisors, he said:
"Theta’s innovation is set to disrupt today’s online video industry much in the same way that the YouTube platform did to traditional video back in 2005. One of our biggest challenges had been the high costs of delivering video to various parts of the world, and this problem is only getting bigger with HD, 4K and higher quality video streams..",
"..I’m excited to be part of the next evolution of the streaming space, helping Theta create a decentralized peer-to-peer network that can offer improved video delivery at lower costs.."
The problems that Theta is going to solve:
- Low quality video streaming;
- High cost of streaming infrastructure;
- Centralized and inefficient ecosystem.
Their Solution:
- Viewers earn rewards as Theta tokens;
- High quality, smooth video streaming;
- Reduced cost of delivering video streams.
Theta’s mission is to leverage the decentralized blockchain structure to create the first Decentralized Streaming Network (DSN) whereby video viewers are incentivized to share redundant memory and bandwidth resources to address today’s video streaming challenges.
They like to see DSN as the “World Cache” formed by the memory and bandwidth resources contributed by viewers.
Viewers around the globe can contribute their computers as “caching nodes” whereby they form a video delivery infrastructure that is responsible for delivering any given video stream to viewers anywhere around the world.
To encourage viewers to contribute their memory and bandwidth resources, they introduce the Theta protocol as an incentive mechanism. The caching nodes can mine new tokens as they relay video streams to other viewers. Not only does Theta tokens motivate viewers to join the network as caching nodes, but it also greatly improves the streaming market efficiency by streamlining the video delivery process.
Within the Theta network, advertisers can directly target viewers at a lower cost, viewers earn Theta tokens for their attention and engagement with video streams, and influencers earn Theta token as gifts directly from viewers.
The full launch of the Theta protocol in phase II introduces a new blockchain and a native token structure where:
- Advertisers spend tokens to support influencers, streaming sites and viewers;
- Caching nodes mine new tokens for caching and relaying video streams;
- Viewers optionally earn tokens from advertisers as engagement rewards.
I like their project and I think it has a lot of potential. The idea of creating a DSN (Decentralized Streaming Network) could potentially be revolutionary and replace the CDN (Content Delivery Network). If successful the network will attract a lot of the content owners like Amazon, CNN, Netflix, etc. and could really change the video streaming world.
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Theta Token chart on CoinMarketCap looks good and it seems to me that the actual price represents a nice entry point.
However I have to say that I'm not a financial advisor and I just love to talk and write about cryptocurrencies.
Website: https://www.thetatoken.org/
Whitepaper: https://s3.us-east-2.amazonaws.com/assets.thetatoken.org/Theta-white-paper-latest.pdf
Price Chart: https://coinmarketcap.com/currencies/theta-token/
DISCLAIMER
- I'm not affiliated in any way with Theta, I just like their project.
- I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
- All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or coin picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
It sounds like a great project! However, will the price of the coins constantly go down as more is created? Is there some sort of cap or will new coins constantly be created? If they're constantly being created, the supply might be higher than the demand from advertisers as I'd image their demand wouldn't be very high, especially at this stage.
If the platform takes off, there would be higher demand but also higher supply as more people run caching nodes.
If that's so, this platform could be a nice platform but the coin itself is more like a currency rather than an investment, you buy it and use it, thus not much point hodling it.
Please tell me if I'm missing something LOL
i'm already use this site. i loved
How would this be better than Dtube?
i love the fact that some is still trying to overcome some hurdles for example in the tech world,and to make an innovative thing like this , nicely explain and ty !
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looks prime for exploding.
I think after long time its increase coin price .Jaw its great ....
It sure seems like a great project, any platform that allows viewers to earn as well for their time and attention, will definitely shoot to the moon.
great post, great content, keep up the good work. check out my blog for coins that could possibly do a 10 to 100x and let me know your opinion, thanks
great project
Looking good, but they have a serious flaw: they are not a SMT on STEEM. ;) I guess, I´ll stay with d.tube :)
This post has received a 0.46 % upvote from @booster thanks to: @loveandpeace777.
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