Review on THETA by gregori cordova
One of the most decentralized, efficient and democratic video platforms that exist on the web.
When we watch a video on the internet, it needs to be downloaded to our devices, storing cache data, which is useless and makes our computers slower, in addition to greatly extending loading times and making the experience of watching videos in Hd is sometimes very complex. To offer a solution to this problem, Theta was born, an open source project that uses the benefits of the blockchain to provide a more pleasant user experience when viewing video content on the internet. With theta the cost of bandwidth is minimized, since it allows us to share our cache memory with the closest users and be rewarded with a certain amount of tokens for our contribution to the network, causing the transmission data to be transmitted only once. theta actually makes content on the web more decentralized and thereby remunerates both content creators and viewers. but theta, is not only a token, but also a blockchain platform which mainly seeks to offer responses in the video transmission in a decentralized network known as theta network, in which there is not only the theta token, but also a secondary token called tfuel to be used for the implementation of smart contracts and for transactions, leaving the main token Theta for governance and to secure the network.
Theta not only represents a broadly decentralized and democratic way to make video content easier to view and to remunerate creators and viewers, it also offers a barrier to facing censorship, as content can reach places with restrictions on access to certain information.
Pros
- The team behind theta are a number of experts such as the co-founder of YouTube, and the co-founder of Twitch.
- With theta, any user is rewarded by sharing their bandwidth to the most decentralized and democratic network
- With theta, the quality with which HD video or virtual reality content reaches users is raised.
- It also serves as a platform for advertisers to post their products on the network, and reward viewers with theta tokens.
- The theta token has had enormous growth in recent months, and it has happened in a short time to have a record high of $ 4
- Something very remarkable and valuable about this network is that with them censorship can be overcome, since the contents can reach places with certain restrictions to access information
- It represents a much more decentralized and profitable alternative to YouTube and other video platforms.
Cons
- I have not found negative aspects to highlight about theta
