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CryptoUnits - 1539+ Best Cryptocurrency Websites & Bitcoin Sites List of 2023!
By crypto worshipper
Cryptocurrency Forensics 🚀🌑
www.thetatoken.org
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The Theta project aims to revolutionize live streaming by leveraging blockchain technology and crypto economics. By combining the Theta network with the native THETA token, the platform seeks to address the challenges of traditional live streaming and offer new opportunities.
The Theta project was created to address issues with existing live streaming platforms. While a significant portion of internet traffic comes from streaming and video-sharing sites, the revenue primarily benefits platforms rather than content creators. Theta introduces a decentralized video streaming network that rewards content creators, viewers, and promoters, fostering a more inclusive ecosystem.
The Theta network emerged from the 2017 ICO bubble. Initially introduced as an ERC-20 token on Ethereum, THETA became the native token of the Theta blockchain in March 2019. While its initial token sale was conducted privately, the project gained more attention upon the launch of the Theta mainnet.
Theta is a peer-to-peer video streaming network powered by blockchain. BridgeTower Capital, a global blockchain technology provider, has joined the Theta Network as a business validator. Notable corporations like Google, Sony, and Samsung verify transactions and contribute to the blockchain network.
The project was co-founded by Jieyi Long, experienced in VR live streaming technology, and Mitch Liu, with a background in mobile gaming and online advertising. The Theta team includes managers, engineers, and developers. The platform has received support from prominent venture funds and IT firms like Sony and Samsung. Advisors from Microsoft, Sony, Verizon, and Twitch contribute to Theta's advisory board.
Steve Chen, co-founder of YouTube, and other notable figures back Theta. Partnerships include organizations like NASA, Metro-Goldwyn-Mayer, and Katy Perry.
Theta offers several pro features:
Some user concerns about Theta include:
Buying THETA involves creating an account on an exchange like Binance, securing your account, making a deposit, and then trading.
Theta's blockchain utilizes nodes to host videos and validate transactions. Enterprise Validator Nodes manage transactions, while Guardian Nodes add security by verifying and sealing blocks. Edge Nodes power Theta's EdgeCast service for decentralized video streaming.
Answers to common questions about THETA, exchanges, mining, and storage.
Theta's peer-to-peer video streaming network presents a decentralized solution for content creators and viewers. By leveraging blockchain and crypto economics, Theta aims to transform the live streaming industry and provide a fairer ecosystem for all participants.
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