theta-token Theta Network (THETA)

$12.230
-3.88% (24H)
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Market CapVolumeAvailable Supply
$12.20 B$521.13 M1.00 B THETA

Theta Network current price is $12.230 with a marketcap of $12.20 B. Its price is -3.88% down in last 24 hours.

Theta is a decentralized video delivery network, powered by users and an innovative new blockchain. Theta is an open source protocol purpose-built to power the decentralized streaming network and will allow for vertical decentralized apps (DApps) to be built on top of the platform to enable esports, music, TV/movies, education, enterprise conferencing, peer-to-peer streaming, and more. SLIVER.tv’s DApp will be the first application built on the Theta network leveraging its existing user base of millions of esports viewers. 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 improves 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.The Theta blockchain introduces three novel concepts: Reputation Dependent Mining: In the Theta protocol, the caching nodes play the role of miners in the blockchain. The block reward is not a constant, but depends on the reputation score of the caching node that mined the block. To obtain more mining rewards, miners not only spend computation power to mine blocks, but also relay video streams to downstream viewers to increase their reputation scores. Global Reputation Consensus: We propose a mechanism for the Theta network to reach the global consensus on the reputation scores for each caching node. Proof-of-Engagement: We introduce a novel Proof-of-Engagement scheme to prove that viewers legitimately consume the video streams, providing better transparency to advertisers and a basis for viewers to earn Theta tokens for engaging with the content.
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Join us for @BlockDownConf Blockdown 4.0

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Broadcast will begin tomorrow (April 15) at 11am CET / 2am PDT

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Theta awarded 3rd U.S. Patent 10,979,467 for “Methods and Systems for Peer Discovery in a Decentralized Data Streaming and Delivery Network":

https://medium.com/theta-network/theta-awarded-3rd-u-s-patent-10-979-467-for-decentralized-streaming-56aac90906b6

http://patft1.uspto.gov/netacgi/nph-Parser?patentnumber=10,979,467

Interested in learning more about how to build NFTs on Theta blockchain? Catch @jieyilong and @wes_levitt
from Theta team presenting at the Google Student Developer club of Polytechnic University of Milan this Wednesday 4/14 at 9:30am PDT / 6:30pm CEST:

https://dsc.community.dev/events/details/developer-student-clubs-polytechnic-university-of-milan-presents-theta-blockchain/

This Week on the WPT:
🚀 Our NFT Marketplace on @Theta_Network
📺 New episode TONIGHT on @BallySports
🎸 #WPTShowdown begins at @HardRockHolly
📅 #WPTChoctaw dates announced
🎙️ @KaraOTR chats with @TonyDunstTV
♠️ @WPTDeepstacks on @888poker

WATCH: https://youtu.be/Zhh5lX58dwI

📆 Mark your calendars for April 15-16 to join @BlockDownConf Blockdown 4.0!

Hear from some of the most influential voices in the blockchain community including our very own @wes_levitt from the @Theta_Network team.

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