Review on Theta Token by Gabriel Medina
Decentralized Next Generation Video Streaming Solution
Theta is a decentralized video streaming solution project. Its objective is to solve the main problems that relate to the growing video streaming ecosystem. Users will be able to earn a passive income by collaborating by sharing their bank of walk and all this allowed by the reliable blockchain technology.
As it is naturally decentralized and open source, it is possible for the service to develop effortless revenue solutions for streamers, video platforms and network participants.
The main technology companies that Theta has as business partners are:
Video streaming platforms are one of the most prominent services in the world but we must bear in mind that there are significant problems with them when it comes to content latency in broadcasts. Also, the revenue model for most services is currently based on ads that somehow result in the collection of user data.
The Theta project wants to solve these problems by introducing a decentralized solution for broadcast platforms and transmitters alike. Financial incentives are also found in this solution, like any other blockchain project, to convince people to share their processing assets as content delivery infrastructure.
The THETA token is the main currency. Participants can use their earned tokens to donate, unlock premium content, and purchase virtual items within Theta.
Use proof of compromise to increase transparency within the advertising system on streaming services. In other words, advertisers will have proof of how much their ads have been viewed or how many minutes each publisher's videos are viewed.
The system that manages the collection and distribution of rewards within the network is called smart streaming contracts.
Theta is one of the most popular theme projects in the tech world. Streaming today is on the rise and every day there are new streamers, viewers and advertisers joining the platform.
Pros
- It incentivizes users to share their unused computing assets and earn cryptocurrencies.
- It uses a mechanism called Proof of Compromise to increase transparency within the advertising system on streaming services.
- It focuses on the accessibility and quality of video streaming.
Cons
- They don't have a good shipping company for the purchases we make when we win Tetha.
