Theta is the Ethereum token of the Theta Network project. First release date: December 14, 2017. It belongs to NFT and Czosmos ecology. THETA Network aims to develop more efficient ways to distribute any type of content and data globally through a paid peer-to-peer network. THETA is the Ethereum token of the THETA Network project. THETA Network project, affiliated to THETA Labs, is a new generation of decentralized video streaming media platform based on native blockchain technology. The platform awards THETA tokens to viewers who share bandwidth, provides high-definition video content and reduces the cost of video distribution. Theta blockchain uses native tokens to incentivize individual users to share surplus computing power and bandwidth resources as a cache or relay node for video streams. This mechanism can improve the quality of video streaming and solve the "last mile" transmission problem -- the main bottleneck of traditional information transmission channels, especially for 4K, 8K and next-generation video streaming with ultra-high bit rate. With enough network density that most viewers can grab video streams from peer-to-peer cache nodes, video platforms can significantly reduce the cost of content delivery networks (CDN).

THETA Network aims to develop more efficient ways to distribute any type of content and data globally through a paid peer-to-peer network.

The centralised environment means that less revenue is returned to content creators, creating a lack of innovation. In the existing ecosystem, viewers suffer from low-quality video streaming and micro-blogging rewards. Platforms and advertisers take most of the rewards. Content creators deserve better. 1. Low quality video streaming. The limited reach of today's content delivery networks makes smooth, high-quality video unavailable in many parts of the world. Costly streaming distribution infrastructure. Platforms bear the high cost of running content distribution networks, leaving less revenue for content creators. 3. Centralized and efficient underground ecosystem.

1. Viewers earn Theta coins as a reward. Viewers can now earn Theta coins as a direct reward for sharing bandwidth and resources, and can give it back to the creators. 2, high quality, smooth video streaming. Peer-to-peer, decentralized content delivery networks efficiently deliver video streams around the world. 3. The cost of streaming video is reduced. Publishers and content creators no longer need to develop expensive infrastructure, so they can focus on innovation and experiment with new and unique business models. Finally, users are the biggest beneficiaries as the cost of streaming video has dropped significantly. Both content creators and platforms can make more money.

Theta introduced a new proof-of-interest consensus mechanism called multi-layer BFT. This consensual approach is much faster than a traditional proof-of-work (POW) system, where a multi-tier BFT mechanism uses a small group of nodes to speed approval. Specifically, a small group of nodes acts as a "committee of validators." Once these nodes are approved for the first time, a larger group of thousands of nodes (called a "guardian pool") will fully validate the transaction and add it to the blockchain, a mechanism that provides Theta with a higher TPS.

Theta blockchain is currently the only point-to-point infrastructure for distributed video streaming and delivery. In the Theta economy system, two token models are designed, namely, Theta and TFUEL token. 1.THETA, formerly known as Sliver. TV, is a VR e-sports entertainment live streaming platform established in 2015. It launched the THETA project after completing funding in June 2017 and completed a token offering in January 2018. 2.TFUEL is the main tool of the Theta ecosystem. Users can use TFUEL tokens to reward their favorite authors.

Content delivery Network (CDN) plays an important role in the video streaming ecosystem. It mainly provides backbone infrastructure for streaming video to end viewers. The main constraint on CDN networks today is the so-called "last mile" delivery problem. Typically, CDN providers establish the presence of data center points (POPS) at many locations around the world in the hope that these persistences will be geographically close to the audience. However, the number of CDN that persistence can effectively provide is limited, so it cannot approach enough audiences, especially those in economically underdeveloped areas. This "last mile" link is often a bottleneck in the flow delivery channel, often resulting in a poor user experience. Another major issue for streaming sites is the cost of CDN bandwidth. For popular sites, CDN bandwidth costs can easily run into the tens of millions of dollars per year. Even with the platform's own proprietary CDN, maintenance costs are often high.

1. Technical improvement. Decentralized streaming media network (DSN) tailored to the new blockchain technology. Innovations include resource-oriented Micropayment Pool and proof-of-engagement. 2. Streaming ecosystem. Theta coin acts as a long-term, sustainable incentive mechanism for all stakeholders to participate in a decentralized video streaming network. Theta is the only end-to-end solution that offers both technical and financial solutions for decentralized live streaming. 3. Reputation Dependeng Mining In the Theta protocol, the cache node acts as a blockchain miner. Block rewards are not constant, but are based on the reputation of the cache nodes that mine the block. To earn more money for digging, miners need to boost their reputation scores by streaming video to downstream audiences. 4. Global Rrputation Consensus. We propose a mechanism whereby the reputation score of each cache node in the Theta network can be globally agreed upon. Reputation scores can be quickly calculated using service certificates based on Hash minimization. Thus, each block award can achieve global consensus. 5. Proof-of-engagement. We introduced a new mechanism for proving user engagement by embedding embedded hash puzzles into the video streams to prove that viewers actually watched, making every penny of advertiser money clearer and more transparent and providing a basis for viewers to earn Theta tokens for watching videos.

The team is open and transparent, and the team members are all experienced, established by the main team members of SLIVER and TV, who have rich experience in the streaming media industry. The investors and consultants also have high achievements and achievements in the streaming media industry, such as Steve Chen, co-founder of YouTube, Justin Kan, co-founder of Twitch, etc. Its partners include SLIVER, TV, Samsung VR, MBN, THETA, etc. Generally speaking, the speculative institution of THETA project is luxurious, and the currency price is relatively stable. The daily transaction volume in Bitan is tens of millions, with good liquidity. The community has a large number of people, and there are many daily interactions. The overall popularity is good. Currently, it is circulating in 12 exchanges, including Binance, Huobi, Biter and OKEX.

Using Theta tokens as a reward mechanism, the project encourages users to share idle computer memory and bandwidth resources, becoming cache nodes for video streaming.

THETA flagship decentralized streaming media distribution, and all the film and television play similar cloud, project vision is through the personal use of idle hardware resources, as streaming media distribution nodes, decentralized operation way, save the project in the high cost of the server, in improving the concurrency value at the same time, but no additional costs. It addresses real world pain points to some extent. The project is also popular in the community, and several head exchanges have been put online, and there is no problem in circulation. In terms of technology, the code submission frequency is relatively high, which shows that the project is also technical. On the whole, THETA is still a good project. Now streaming media is on the rise. If it is combined with blockchain, it can be operated at a lower cost and achieve great development in ecology. From the point of view of the currency price, THETA is also relatively strong, and every time the market rose, it did not fall behind, which is worth holding for the long term.

There are more than 30 streaming media platforms in the United States alone, including HBO, YouTube, Hulu and other giants. The challenge is very big.

Now continue to grow and become more and more high definition video resources, bandwidth costs must be more and more high, the traditional streaming media platform for development must be slow, THETA by traditional block chain technology (centralized service providers) scattered into the super node (ordinary users), solve the problem of the huge bandwidth, not only can be effective use of idle equipment, Moreover, it can provide a very large bandwidth resource to improve the smoother and higher quality video stream. Users can reward each other (user-creator-platform) by providing idle devices to obtain tokens, forming a closed loop, forming a very good economy and bringing great business value.

THETA is a streaming media distribution platform that provides hardware support by aggregating user idle computing power. At present, the project is running smoothly, and the currency price trend is relatively stable. The daily transaction volume in Binance is tens of millions, and the liquidity is also good. At the same time, the project community has a large number of users, and there are many daily interactions. The overall popularity is good, so you can pay attention to it for a long time.