Theta Token purpose and aspects
Decentralized video streaming, powered by users and an innovative new blockchain
1.Viewers earn rewards as Theta tokens For sharing bandwidth and resources, a viewer can now earn Theta tokens as a direct reward and share it back to the creators.
2.High quality, smooth video streaming A peer-to-peer decentralized CDN delivers streams efficiently throughout the world.
3.Reduced cost of delivering video streams Publishers and content creators no longer need to develop expensive infrastructure, allowing for more innovation and unique business models.
Short description
Theta is a decentralized video delivery network, powered by users. THETA is an ERC20 token that serves as a currency on the network.
Abstract
This whitepaper introduces a new Decentralized Streaming Network (DSN) and Theta, a new blockchain and token as the incentive mechanism for the DSN. DSN and the Theta protocol solve various challenges the video streaming industry faces today.
First, Theta tokens are used as an incentive to encourage individual users to share their redundant memory and bandwidth resources as caching nodes for video streams. This improves the quality of stream delivery and solves the “last-mile” delivery problem, the main bottleneck for traditional stream delivery pipelines, especially for high resolution high bitrate 360° virtual reality (VR) streams.
Second, with sufficient amount of caching nodes, the majority of viewers will pull streams from peering caching nodes. This significantly reduces content delivery network (CDN) bandwidth costs, which is a major concern for video streaming sites.
Lastly, the Theta network greatly importes the streaming market efficiency by streamlining the video delivery process. For example, advertisers can target end viewers at a lower cost and reward influencers more transparently.
Link to Roadmap: https://www.thetatoken.org/
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I like this project and the team. With the increase of people using videos and posting and the quality increasing 1080 HD, 4K etc. I think this is a great concept.