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What Makes Theta Different?


What Makes Theta Different?

Theta has its own Token on its own Blockchain. Because the Ethereum blockchain and the Theta blockchain both use the same hashing algorithm, a variant of SHA-3, private keys between the two blockchains are compatible that does not mean you can place them both in the same wallet. Use the respective wallet from each Token, otherwise you are creating  yourself more work when you need to access them (more on this in a later post)

Theta was built with Micro-payment pool - ideal for video streaming platforms (think gaming and eSports) 

What Makes Theta different? I hand selected two Board members to demonstrate why I think Theta will be important technology not just Blockchain. Those members are Steven Chen formerly of  YouTube fame, which allows him to understand scale and how to build a platform properly And Justin Kan of  Twitch fame, you know the details on Justin.   What if a ton of Ethereum programs jump over to programming for Theta how quickly would this grow?

Blockchain security and independence is critical so how does Theta address these points? Through a multi-level BFT through Aggregated Gossip Scheme that leverages Proof of State (PoS). When translated makes it harder to penetrate by hackers, and the surviving nodes can re-elect validators to regain control. 

 

You might be wondering who are the competitors of Theta?

I have listed out a couple for you here:

LINO Network - optimize live streaming is a direct competitor of Twitch and THETA

LivePEER - decentralized app built on Ethereum network is a direct competitor of Twitch and THETA

Traditional CDN (Content Delivery Networks) such as  FB, YouTube and Twitch

 

To ICO or not to ICO ? Thankfully Theta did NOT ICO in the Fall of '19, which is great for US Investors as it should keep the SEC (Securities Exchange Committee) off their backs. 

 

Why I believe Theta will win in the end?

First its a Peer-to-Peer Distributed Network allowing large and small players to maintain the health of the chain. And Theta has stated they have a goal of 100,000 Guardian nodes (up from current 1300+) which would make it the worlds largest most secure offering.  Will this happen overnight? Don't be silly but it has the potential. 

Stay tuned more great Theta goodies on the way!

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Keith Thuerk
Keith Thuerk

Currently learning about Crypto's and DeFi to combat the Inflationary Tidal wave coming our way!


Theta Network basics in bite size pieces
Theta Network basics in bite size pieces

Theta a Next Generation Video delivery network that leverages the power of peer-peer network bandwidth sharing. You participate and help the network scale and increase security by sharing a % of your Internet bandwidth.

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