Description: Theta solves various challenges the video streaming industry faces today. First, Theta blockchain are used as an incentive to encourage individual users to share their redundant computing and bandwidth resources this improves the quality of stream delivery, especially for high resolution high bitrate 4k, 8k and next generation streams. Second, with sufficient network density the majority of viewers will pull streams from peering caching nodes, allowing video platforms to significantly reduce content delivery network (CDN) costs.
Historic High: 0.555 $
Historic Low: 0.0397 $
Partners: Samsung VR, G Fuel, Pandora.tv, Cos.tv … + more
Exchanges: Binance, Okex, Huobi, Upbit, Bkex…
Technical features: The Theta Ledger is built on a novel multi-level BFT consensus mechanism which allows thousands of nodes to participate in the consensus process, while still supporting very high transaction throughput (1000+ TPS). The core idea is to have a small set of nodes, which forms the validator committee, produce a
chain of blocks as fast as possible using a PBFT-like process. With a sufficient number of validators (e.g. 10 to 20), the validator committee can produce blocks at a fast speed, and still retain a high degree of difficulty to prevent an adversary from compromising the integrity of the blockchain.