Theta is an end-to-end encrypted, blockchain-based decentralized, next-generation video sharing platform. Theta Token is also its cryptocurrency. It can be considered ready to make the same impact YouTube did when it was founded and developed. Theta, which is both a high-quality and very low-cost platform, seems to be one of the new and biggest stakeholders in the video sharing industry. Samsung also officially supports this project.
dApps on Theta, that is, decentralized applications; It has the ability to broadcast live e-sports matches, watch movies, make live broadcasts for distance education, upload recorded training broadcasts, make conference calls, adapt with VR glasses and many different video image-based functions that can come to mind. In this respect, it is able to perform the functions of all of the very big brands such as YouTube, Twitch, Netflix, Zoom, Discord and is in the market as a competitor to all of them. As a developer, anyone can create decentralized applications on the Theta blockchain.
By becoming a member of Theta.tv, you can become a broadcaster or viewer and earn THETA. In this regard, Theta can cause big problems, especially for Twitch and Dlive. Inadequate upload speeds and bandwidth of broadcasters, as well as the fact that viewers cannot watch high-quality broadcasts instantly and have to watch in low quality are also problems in themselves. The Theta platform overcomes this inadequacy, with much lower costs and much more decentralization.
Theta has all open source network and protocols. Developers can all use this network. Video sharing can be done end-to-end encrypted on the network. Videos can be uploaded and watched in high quality and resolution. Even on YouTube, it is difficult for users to upload and watch high resolution videos such as 4k and 8k (even higher resolution in the future) because the servers are not capable of meeting this. Theta revolutionizes content resolution and quality. Thanks to low costs, all members can earn more. Viewers can be rewarded with Theta tokens by sharing their internet resources and bandwidth. They can use it if they wish, or they can donate to content producers if they wish. Theta tokens were also created with the ERC-20 protocol and are currently traded on the Ethereum network.
Theta is the 32th cryptocurrency by market capitalization as of today. It has a market value of over 6 billion 600 million dollars.
Theta FUEL (TFUEL)
The Theta 3.0 blockchain network will be available in 2021 with the TFUEL burn and stake mechanism. Thus, TFUEL will be paid as gas fee for transactions made on the Theta network, and a minimum of 25% of each payment will be burned. This is a move made to aim to increase the value of the cryptocurrency by reducing the circulating supply of cryptocurrencies. The more the adoption and use of the Theta network, the less the supply of Theta FUEL will be. The Theta 3.0 blockchain is scheduled to launch in the last quarter of 2021. Theta Token will also be moved from the ERC20, that is, the Ethereum network, to its own network. In 2022, validator and caching nodes will come to the network. There is also the idea of using TFUEL as a DEX in the future.