Theta (THETA)

Official Website: https://www.thetatoken.org/       

What is THETA?

Theta (THETA) is a network purpose-built for video streaming that is powered by blockchain technology. The Theta mainnet was launched in 2019 and runs as a decentralized network. Within this network, users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is advised by Steve Chen who is the co-founder of YouTube and Justin Kan who co-founded Twitch. The Theta network has its very own native cryptocurrency token, THETA. This token performs various governance tasks within the network and has many Enterprise validators such as Google, Binance, Blockchain ventures, Gumi and Samsung along with a Guardian network of thousands of community-run guardian nodes.

The developers aim to drastically change the video streaming industry in its current form as they see it. The centralization, poor infrastructure and high costs means that the end users more than not end up with a bad experience. Content creators similarly make a reduced revenue because of the barriers between them and end users.

Team

Theta was helped to establish by Mitch Liu and Jieyi Long in 2018. Liu has a long history in the gaming and video enterprises, helping to establish video promoting firm Tapjoy, versatile social gaming startup Gameview Studios, and THETA.tv, the live streaming stage whose DApp was the first to be based on the Theta protocol.

Long is Theta’s subsequent co-founder and CTO, with similar multi-year experience in design automation, gaming, virtual reality, and large scale distributed systems. He was the author of multiple peer-reviewed academic papers and currently has numerous patents in video streaming, blockchain and virtual reality.

Theta presently has a modest group of people working for it, and its official site records key corporate financial investors as Samsung NEXT, Sony Innovation Fund, media investors BDMI Bertelsmann Digital Media Investments, CAA Creative Artists Agency, and conventional Silicon Valley VCs including DCM, Sierra Ventures and the VR Fund.

Roadmap

2020 Q1

•    Theta Mainnet 2.0 is launched with Multi-BFT consensus mechanism and growing number of enterprise validator nodes
•    Guardian Nodes launch on Theta Mainnet 2.0
•    Theta streaming protocol supports full Video-on-Demand (VoD) and distributed storage functionality

2020 Q2

•    Initial application of decentralized file sharing of any content type, such as game patches, applications, OS updates.
•    Beta launch of Theta protocol tailored to Smart TVs and IoT devices

2020 H2

•    The release of Turing-complete smart contract support for Theta mainnet
•    The Production release of the end-to-end Universal Edge Cacher
•    The Beta release of ingest/encoding protocol for live video applications

Where to Store Theta (THETA)

Trust wallet is a wallet that can hold a wide variety of cryptocurrencies such as Theta making it highly desirable for users who wish to have a varied portfolio. Being owned Binance, it also a very trusted wallet in the crypto community.  

Leading hardware wallet providers such as Ledger are integrated with Theta and THETA wallets will come as standard on their devices.   

Where to Buy and Sell Theta (THETA) 

You can Buy & Sell Theta (THETA) by heading over to the Buy Coins page of our website. Theta (THETA) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying Tether has never been easier, simply place your order and provide your wallet address.  

Once your payment arrives Theta will be sent directly to your wallet. If you choose to Sell Theta (THETA) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the ‘Sell Coins’ page.


Theta (THETA) Resources

Website: https://www.thetatoken.org/
Block Explorer: https://explorer.thetatoken.org/
Twitter: https://twitter.com/Theta_Network
GitHub: https://github.com/thetatoken

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.

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