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Theta (THETA) is a cryptocurrency made by Mitch Liu and Jieyi Long in 2018. It is a decentralized blockchain-based content delivery platform that delivers high-bandwidth video streaming content.
Theta intends on solving the problems that live video streaming faces today; low quality video streaming, high cost of streaming infrastructure, and centralized and inefficient ecosystems. The Theta project is solving these problems by delivering an innovative new blockchain-based content delivery network (CDN) that’s powered by users and decentralizes video streaming.
Theta’s CDN allows viewers to earn Theta Fuel rewards for sharing bandwidth and resources. Theta Fuel (TFUEL) is gas for the Theta network and can be earned by staking THETA tokens and lending bandwidth to video streams. Theta’s peer-to-peer decentralized CDN delivers high quality, smooth video streaming throughout the world. Even more, it reduces the cost of delivering video streams so that video platforms no longer need to develop expensive infrastructure, allowing for innovative and unique business models to thrive.
Theta’s blockchain-based CDN is open source and open to all developers and partners to build on the Theta network. Currently, Theta’s live video streaming partners include Silver.TV, Samsung VR, and MBN, Korea’s largest business news outlet. The market that Theta intends on disrupting is absolutely massive. YouTube has 1 billion hours of streaming video watched daily, Twitch has between 2.2 and 3.2 million unique monthly visitors, and there is an estimated 400 million esports viewers who watch at least one tournament every year.
The Theta Token (THETA) has a total supply of 1,000,000,000 tokens and a circulating supply of 870,502,690 tokens. The initial supply breakdown is:
10 Jan 2022 3 minute read 0 comments SweptOverNiagara
Back in June 2021, I purchased my first batch of Theta tokens through my Uphold account. My first batch consisted of 50 tokens valued about $11.70 CAD and the total cost was $578. It had peaked previously at $15.71 USD on April 16, 2021 which equals...
9 Dec 2021 1 minute read 0 comments Keith Thuerk
Theta now more accessible - MetaMask plug-in and Meter Passport are available for use Theta had a robust roadmap for 2021 which has driven great innovation this year. One key aspect was Inter Operability for the roadmap and below I detail out those t...
1 Dec 2021 5 minute read 2 comments Tomadachi
There has been significant progress made by the Theta Network over the last 12 months in growing their relevance to the NFT space. This is reflected in the rising prominence of Theta on NFT-related lists provided by the likes of CoinmarketCap and Coi...
27 Nov 2021 1 minute read 1 comment SweptOverNiagara
The other night I was playing Scrabble with friends and when my turn came up, I was able to lay down the letters to spell the word, 'agile'. I was really proud of myself. You have to admit, 'agile' is a big word, especially when the letters you picke...
23 Nov 2021 2 minute read 0 comments SweptOverNiagara
Theta tv is really catching on. Even FailArmy has their own streaming channel. Yes, you can earn TFuel while chilling and watching epic fail videos. One of my favorite channels is the NASA channel. As a newbie, my TFuel count is just getting started...
22 Nov 2021 3 minute read 0 comments Keith Thuerk
Theta TDROP - What is it? When does it occur? If you are new to to Theta here is a quick recap, if you are a seasoned veteran skip to the next paragraph. Theta - a platform built around peer-to-peer (P2P) bandwidth sharing for video streaming, e-gam...
7 Nov 2021 4 minute read 0 comments ChangeNOW
Theta is a blockchain-based streaming service and its native token, THETA. The latest developments in the project helped the token grow 3X since January, bringing it to the Top 30 cryptocurrencies list and making it one of the trending assets of 2021...
3 Nov 2021 1 minute read 2 comments Taotao
I've been playing with Theta's Edge Node for a little over two weeks now (see my first blog post here) and here is how things have shaken out so far. I am in my third week, and my trusty little laptop has been running the node in the background. It h...
24 Oct 2021 1 minute read 0 comments Keith Thuerk
Theta Granted Yet Another US Patent USPO (aka US Patent Office) granted Theta US Patent #11,153,358 [Application Number 17/226,112] for Methods and systems for data caching and delivery over a decentralized edge network. Theta the Peer-to-Peer (P2P...
7 Oct 2021 1 minute read 1 comment Keith Thuerk
Meter Passport - the Chainlink of InterOp - Now supports Theta What is Meter Passport? It is a a leading cross-chain bridge connecting blockchains. Put another way it enables free flow of assets across blockchains such as Avalanche, Binance Smart Ch...
