Hi guys, I would like to introduce a very good project called Theta Network. Have you thought of by watching your favourite TV shows and you will earn coins to pay for monthly subscriptions? When I first discovered the project back in May 2018, I decided that this is the only project that I'm going to invest heavily. The reason why I invest in this project is because of the strong use case, their partners and also their strong advisors team.
Take a brief look at www.thetatoken.org
https://www.youtube.com/watch?v=QBm6TVnMvrc
What is Theta Network
Theta Network is the leading video delivery network powered by blockchain technology. Theta rewards users to relay video streams and enables existing video platforms to deepen viewer engagement, drive incremental revenues, and reduce their video delivery costs. Theta network enables users to earn rewards by relaying video on a peer-to-peer basis, utilizing excess bandwidth on any PC, mobile, Smart TV or IoT device.
What is Theta blockchain?
Theta 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 with a second layer of 1000s of community-run Guardian Nodes. Validator Nodes propose and produce new blocks in the chain, while Guardian Nodes finalize blocks and act as a check on malicious or otherwise non-functional Validator Nodes. For more information, see the research paper “Scalable BFT Consensus Mechanism Through Aggregated Signature Gossip” by Theta CTO Jieyi Long and Lead Developer Ribao Wei.
Enterprise Validator Nodes on Theta are currently run by Blockchain Ventures, Samsung, Binance, gumi Cryptos, and Theta Labs, with several more major enterprises in the process of joining. Guardian Nodes are currently being tested by more than 400 Theta community members on the Theta testnet, and will go live on mainnet on May 27, 2020 with the launch of Theta Mainnet 2.0.
What are Theta Token (THETA) and Theta Fuel (TFUEL)?
Theta Token (THETA): The staking and governance token of the Theta protocol. THETA is used to stake as a Validator or Guardian node, contributing to block production and the protocol governance of the Theta Network. By staking and running a node, users will earn a proportional amount of the new TFUEL generated. The supply of THETA is fixed at 1 billion and will never increase.
Theta Fuel (TFUEL): The operational token of the Theta protocol. TFUEL is used for on-chain operations like payments to Edge Node relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network. You can think of Theta Fuel as the “gas” of the protocol. There were 5 billion TFUEL at genesis of Theta blockchain, and the supply increases annually at a fixed % set at the protocol level, currently 5%.
What is THETA.tv?
THETA.tv, the first video platform built on the Theta Network, leverages an existing user base of millions of esports viewers. It features 24/7 live esports streams, top crypto conferences like Consensus and Virtual Blockchain Week, and premium content like live World Poker Tour events. Every livestream on THETA.tv is powered by the Theta Network, and viewers earn TFUEL tokens for relaying the stream over the p2p Theta Network. In addition to the core THETA.tv site, THETA.tv is also streamed through THETA.tv Android TV app, Android and iOS mobile apps, the Littlstar PS4 app, as well as numerous partners sites like G Fuel, Sizzle Popcorn, and EasternMediaGG.
Who is using Theta Network?
Theta Network is currently working on integrations with several video platforms such as Samsung VR, COS.tv, Pandora.tv, and more. You can watch Theta Labs is also working with Samsung’s Visual Display group to bring the Theta Network to their lineup of smart TVs. You can see a demo of this technology where Theta presented at Samsung Developer Conference as a featured partner.
Theta Network, Next generation video delivery