Review on Theta Token by Danh Huỳnh Ngọc Công
Theta Network is a wild card for streaming industry
Theta Network is a very secure network with the introduction of Multi-level BFT. Also, the product and incentivization are very good that it can disrupt a big industry like streaming industry. The technologies and the ideas behind it is very innovative. However, its main product still have some drawbacks that need to be addressed. In brief, Theta will have a bright future
Updated 5 years ago
Rating has not been changed
Positive point: Theta also lets the users earn profit when they share their computer power to maintain the quality of livestream videos
Pros
- - Theta token incentivizes people to share their computing resources to support the livestreamers. By this, the live streams will have better quality to satisfy the watchers while the people who share the resources get rewarded for their contributions
- - With the support from the resources, the cost of delivering the contents will be reduces significantly; therefore, the profit will me maximized
- - Theta token, which also work as a reward for the viewers and streamers, will be the tools to attract the engagement from users and the improvement in the quality of contents
- - Multi-level BFT is the consensus algorithm implemented to Theta network. Thousands of nodes will participate in the verification of transactions and the number of transaction per second is 1000. Throughput, consistency, and level of decentralization are the three factors that are always balanced by the algorithm
- - Aggregated Signature Gossip Scheme ensured the efficient communication. It brings the scalability and reduce the abundant communication
- - Sliver TV is a streaming website. It is a complete and successful product of Theta network. Up until now, the website is working great
- - The team behind Theta is really big. They are successful entrepreneurs and IT developers who have very much experience in their fields
- - Theta has established partnership with many big companies in the world. That Samsung is one of them is really very outstanding
- - It is invested by many great capital ventures (Like Sony Innovation Fund) in the world so Theta token price will always be controlled
- - Theta is listed on many big exchanges including Binance; therefore, its liquidity is very healthy
- - They usually do a lot of marketing so Theta popularity is very good
- - Resource Oriented Micropayment Pool is a great way for off-chain transaction and double spending resistance
Cons
- - There are many big competitors in the streaming industry; for example, Twitch is the current dominant that it seems to take the throne for a very long time
- - It couldn't follow its roadmap. The release of mainnet was postponed so the development has some problem
- - SliverTV has several issues. The first issue is its security. My two accounts on Sliver were compromised and several dollars were stolen. It is mostly my fault but the website should advice the users to improve the passwords and add more security layers to the accounts. Secondly, the manners of items in the shop are not described very clearly so misunderstanding usually happens
