Theta coin is a blockchain-based cryptocurrency that was released on December 28th, 2017. The main goal of the project is to develop a decentralized peer-to-peer video delivery network that offers improved quality of content and reduced bandwidth cost for users. What Is Theta Blockchain? To answer this question, we need to first understand what blockchain technology is all about.
What Is Blockchain Technology?
Blockchain technology has been around since 2008 but it wasn’t until recently when bitcoin skyrocketed in value that people started paying attention to it. In essence, the blockchain represents an innovative new type of database where data sharing occurs between multiple nodes or computers without requiring any server or central authority involved in processing transactions or making decisions related to the data.
The blockchain is a decentralized database that stores all records in ledgers distributed across every computer where bitcoin was mined or traded, meaning it’s virtually impossible to hack because there’s no central storage repository.
The ledger is updated as new entries are made and can be accessed by anyone who has access to this open network of computers. This makes it nearly impossible for criminals to commit fraud such as double-spending without getting caught due to discrepancies among different nodes on the same system (i.e., someone spending money twice).
What Is Theta Blockchain?
Theta is, in essence, a decentralized peer-to-peer video delivery network that offers improved quality of content and reduced bandwidth cost for users. The main goal of the project is to develop an infrastructure that provides high-quality streaming at minimal costs or even free.
How Does Theta Blockchain Work?
Since it records videos directly from the user’s device then streams them back out, Theta lets you go live just about anywhere without needing an excessive amount of bandwidth or storage space. This means that every person who joins your video chat gets the same quality as if they were watching it through YouTube Live (or Twitch TV). More importantly, this also cuts down on costs so users can either spend less money or get better service – everyone wins.
The way how Theta captures these resources involves using side-chains which are the chains of blocks attached to a blockchain.
There is no central authority involved in processing transactions or making decisions related to data, and it’s much more difficult for criminals to commit fraud because there’s no single point where records can be hacked into without being detected by other nodes on the same system (i.e., someone spending money twice).
How Are Video Streams Delivered?
Videos have traditionally been sent through centralized networks such as YouTube or Twitch TV. These networks would use a specialized to deliver the video content and your computer would have to connect with their servers for you to watch the video stream. This is costly because it requires lots of bandwidth which means that they need more users watching videos at the same time so that they can cover these costs.
Now, however, Theta coin will capture user’s idle resources like unused storage space on mobile devices or computers around the world and convert them into usable source code that can then distribute streams of live videos with less lag time (which means you don’t need to send data over long distances) thus making them available faster than traditional centralized models such as Twitch TV! Imagine if someone wants to go live on Twitch TV.
However, because theta coin is a decentralized network that captures video streams directly from your device and sends them to other computers around the world, it would only need enough bandwidth for each person watching to watch on their respective devices. This means that if one viewer leaves or disconnects during an event like Twitch TV’s “Twitch Plays Pokemon” game where viewers can play games in real-time through streaming services, then these resources are freed up for others who would want to use them.
Benefits of Theta Blockchain:
-It reduces bandwidth costs for users.
-Every person who joins your video chat will have the same quality as if they were watching it through YouTube Live or Twitch TV, cutting down on cost and making everyone happy! It also cuts down on costs so that people can either spend less money or get better service – everybody wins.