Why is the team creating the Theta blockchain?
The team’s long-term vision for the Theta Network is a decentralized end-to-end protocol for processing and delivering data, not just video but all types of data. Decentralized data delivery, at the edge, powered by you. That vision encompasses three main components that are to be powered by Theta edge nodes, run by the community:
Data Delivery — Initially focused on video delivery, and implemented on SLIVER.tv and multiple other video platforms coming soon. But the scope of decentralized data delivery goes beyond video into file updates, game patches, OS and app updates, web content, and any other form of data delivery.
Data Storage — As Theta expands from livestreaming applications to Video-on-Demand (VoD), app updates, and game patches, it becomes necessary to have a decentralized solution to data storage. Theta nodes can cache the most in-demand live and static content and files to ensure they are able to contribute to the network and earn TFUEL.
Data Encoding — By allowing Theta nodes to perform ingest/encoding of raw video and data as close to the source as possible, particularly for live events (professional sports, concerts, conferences, for example), the Theta Network will truly become an end-to-end solution for video and data. Building out this functionality is a natural extension for the Theta team, based on the team’s experience encoding live VR events in 2016 for SamsungVR, Intel IEM, ESL, and others.
For performing each of these three services (or all three at once), users earn TFUEL as a reward, incentivizing them to support and grow the Theta Network. If you are one of the 2,690 users running the PGN / Beta Edge Cacher client now, you are part of the very beginning of this edge network encompassing end-to-end data transfer. Contributing your excess bandwidth to SLIVER.tv is just the beginning!Live Network Statistics: November 8th, 2019 ...