Review on Theta Token by Fanuel PORPORTY
THETA, the decentralized streaming platform
The concept of Theta is not difficult to explain. It’s a blockchain-based video streaming platform. Theta's decentralized peer-to-peer network will improve video delivery while lowering costs. Video has really become a phenomenon in recent years, but streaming is also subject to a number of problems. The biggest problem seems to be low quality video, combined with the high cost of the infrastructure required to power this activity. It is evident that the current ecosystem is highly centralized and incredibly inefficient.
Theta aims to solve all this by introducing decentralized video streaming on blockchain technology. As a result, the streaming experience will be smooth and of high quality. In addition, the cost of delivering video streams will be reduced, and viewers will earn Theta tokens as a reward for viewing content. Tokens can be earned when sharing bandwidth and resources over this network. With decentralized video delivery, dApps support, and a native token, Theta is definitely worth taking a look at. The dApps built on this platform can target a variety of industries, from eSports to movies, education and even corporate conferencing.
In March 2019, one of the most important parts of the THETA protocol was renamed to Theta Fuel (TFUEL). It is a second token that works in conjunction with the current THETA token. TFUEL manages operations such as payments for sharing a video stream, or for deployment or interaction with smart contracts. Relayers earn TFUEL for each video stream they relay to other users on the network. It’s sort of the fuel that drives the Theta engine. When Mainnet launched in March, TFUEL was created as a native token on the Theta blockchain.
Pros
- The development team is extremely qualified
- Users get paid to share
- Cost efficient
- Profitable
Cons
- No physical or digital support (assets, profits, merchandise)
