You can trade Theta Network on Digifinex, Binance, and HitBTC. democratic trade pairs for Theta Network in the market includes THETA/USD, THETA/CAD, THETA/EUR, THETA/PHP, THETA/INR, and THETA/IDR .
What is Theta Network?
Theta network is a decentralized video streaming net that is powered by blockchain technology. Theta allows users to watch video recording content and get rewarded with tokens as they plowshare their internet bandwidth and computing resources on a peer-to-peer ( P2P ) footing. Besides a line-up of institutional investors like Node Capital and DHVC, Theta Network is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch .
How does THETA work?
The video recording streaming services on Theta trust on a distribute net of users who voluntarily contribute their spare bandwidth and computing resources to run Theta ’ sulfur system, in hark back for Theta Fuel ( TFuel ) reward .
Theta runs on a modified proof-of-stake consensus mechanism as it has a unique multi-Byzantine fault Tolerance ( BFT ) which combines a committee of 20-30 Validator nodes with a second base late of thousands of Guardian nodes. This acts to speed up approvals and is faster than traditional proof-of-work networks. Theta ’ s multi-BFT design achieves a goodly balance between consistency, accelerate, and decentralization .
With this computer architecture in place, Theta ’ second Network ’ s content storage and rescue capabilities are powered by Theta Edge Nodes. Besides the Validator and Guardian nodes, residential district members of Theta besides operate the Theta Edge Nodes, which make up the Theta Edge Network that is amply decentralized for data pitch and edge calculation. Crucially, border nodes allow users to capture live television, transcode and relay television capacity american samoa well as share bandwidth across the network globally without the motivation for centralized servers. As of April 2021, the edge network has a many as 30,000 nodes, if not more ; making it the backbone for Theta ’ s P2P content-sharing ecosystem.
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In addition, Theta can support Turing-complete smart contracts. These smart contracts open a new avenue for respective exploiter experiences, as more DApps are built on the Theta network. subsequently, Theta launched the Theta Token Minter which allows any user to create newly TNT-20 tokens on the Theta blockchain with no smart contract experience required – meaning users can input token name, ticker symbol, and supply parameters of their new token and the Token Minter will mint the modern tokens. This seamless and non-technical way to mint tokens on the Theta blockchain invites a wide scope of DApps and assets that can be built on the protocol .
Theta Network operates on a dual token design :
THETA is the native nominal for Theta Network that serves multiple administration tasks. THETA is used to impale as a Validator or defender lymph node. Its Validator notes are run by Google, Blockchain Ventures, Samsung, Sony Europe and Binance, along with a network of community-run Guardian nodes. By staking and operating a node, users earn a proportional sum of fresh Theta Fuel .
Theta Fuel ( TFUEL ) is the operational keepsake of the Theta protocol. TFUEL is used for on-chain transactions such as rewarding Edge Nodes relayers for sharing television content, or for interacting with smart contracts. so, TFUEL can be earned by relayers of the Edge network for every video stream they relay to other users on the p2p network .
Why was this project started?
theta aims to provide blockchain-enabled solutions to issues, such as poor choice and ineffective bottlenecks, faced by the traditional video streaming system. presently, most centralized video streaming platforms suffer from inadequate infrastructure and high costs that result in poor user experience. In go, message creators earn less due to barriers such as these between them and end users. The team at Theta Network aims to disrupt the traditional television streaming industry in its current centralized shape and trust on a distribute network of users whose contributions are rewarded.
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How do I get THETA?
theta can be purchased on exchanges such as Binance and Kucoin. You can browse through the assorted centralized and decentralized exchanges by heading over to our exchanges page .
Category : Finance
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