Why Is Theta Network a Gold Mine?

Are you looking for that rock-solid crypto project? Theta Network could be even more!

Let me tell you what I found in my research about Theta Network, a project established in 2017 that has a huge potential and I will explain the reasons why Theta Network is a gold mine!

The project is a peer-to-peer streaming solution that is becoming a decentralized platform for videos and streaming in ultra-quality, with high-efficiency content distribution.

Does this mean it’s on a blockchain?

Yes, it works using Validator Nodes and Edge Nodes. Each user can be a node that contributes with bandwidth and processing power to the network and is rewarded with tokens for sharing its resources. This means that the network works in a decentralized way.

In contrast, regular platforms nowadays use a centralized content delivery network, which means all the data sent to the users originates from this central unit. Because of this, many times the delivery to some areas of the globe is poor, leading to the need for re-buffering and increased loading times.

Theta solves all these problems and uses a peer-to-peer network to distribute content efficiently and without the need for expensive data centers.

Can Theta be the next YouTube?

Theta intends to be for streaming what YouTube was for video in terms of innovation of technology and worldwide scalability for transmitting video data.

It is meant to become a decentralized video streaming platform, which is contrary to the way platforms like YouTube work right now, as these are centralized. Theta allows real-time encoding of videos, for output to the end-user of 4k, 8k, and even more without interruptions or buffering.

The co-founder of YouTube, Steve Chen said about the project that

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,” said Steve Chen, Co-Founder of YouTube. “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 time of poor quality videos and streaming will be over soon…

Let’s join the wave!

One of the best things about the project is that many big companies and institutions are already backing it up. NASA has chosen the streaming platform theta.tv to transmit their channels live. Advisers of YouTube and Twitch are helping the Theta team in developing their platform and here are some of the companies that joined in a way or the other: Samsung, Google, Microsoft, Verizon, Twitch, and many others.

Sounds promising, isn’t it?

Theta Network is a gold mine because it has infinite potential to grow and if you are a crypto enthusiast, you can take advantage of this.

You can earn TFuel if you install the Edge Node on your computer and let it run certain jobs like video encoding, or you can join theta.tv and watch streams there to earn TFuel. I am earning myself TFuel using the Edge Node and the theta.tv platform.

Source: https://marchisflorin82.medium.com/why-theta-network-is-a-gold-mine-a43eadd55e7b?source=rss——-8—————–cryptocurrency