THETA cryptocurrency is a decentralized video delivery network with its own blockchain, designed to stimulate channel sharing. Video delivery networks currently suffer from poor distribution in less developed countries, costly installation, and a centralized device. In addition, Theta considers the existing infrastructure unprepared for the growing demands that it will face due to the growing implementation of 4K, 8K, virtual reality, and other advanced developments.
Theta was an ERC-20 coin based on Ethereum-blockchain. Now it works on its own mainnet. Theta creates a peer-to-peer (P2P) mesh network that aims to solve these problems using the blockchain, which serves as an incentive layer to maintain the continuous high performance of the delivery network. Let’s find out together with Changelly, who is behind this project and how the cryptocurrency environment will affect the price of a coin.Theta Fundamental Value
Theta cryptocurrency consists of two parts. The first is a video delivery network. It is formed from nodes that join the network and provide their bandwidth. This network forms the actual decentralized delivery of video. The second part is the Theta blockchain. It exists to promote incentives so that participants can join the delivery network. Theta creates a P2P mesh network of users who share their bandwidth. The result should be a global network that replaces or complements the existing CDN infrastructure.
Users can provide their devices as caching nodes that transmit video streams to any viewer in the world. A caching node is a node in which video data is stored. Since the Theta network will have far more caching and relay points than the current system, stream quality will improve. This is due to the fact that video packets will not need to travel that far. Caching nodes will be rewarded with Theta tokens.
Theta blockchain’s goal is to serve as a consensus link for payments and rewards in the ecosystem. It i...