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Author: GreenTrade   |   Latest post: Fri, 14 Feb 2020, 6:28 PM

 

Digital Assets Post : Theta Network Review

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*Crypto post just for sharing ( Not stock market related)
 

Honestly, I was going through the top 100 crypto coins by market cap in late 2017. I couldn't really understand most of its utility and its purpose. I spent days and months of research and was puzzled why some coins were going up in value. Nothing really caught my attention except for this one token called Theta.

 

Imagine watching Netflix / Youtube / Greentrades Livestreams / TV and earning money at the same time so that you don't have to pay for its monthly subscription. Is that possible?
 

With Blockchain technology and a project called Theta, that might just happen someday in near future.
 

Theta Network's long-term vision is a decentralized end-to-end protocol for processing and delivering data, not just video but all types of data.
 

Did you know? For video streaming platforms like Netflix, Twitch or Youtube to deliver video to you, it is actually quite expensive.
 

With Theta and the Blockchain, this may reduce CDN costs about 50% or more.

 

How?

When users watch the video, they can share excess bandwidth that they dont use with the peers around them. At the same time, they can earn Theta Fuel which may be used to pay for the monthly subscription of video platforms.

 

This is a triple win situation whereby:
1) The consumer benefits ( Earns Tfuel to pay monthly subscription fees)

2) Video platforms save cost up to 50% or more

3) Increase in earnings for content creators. Users can directly support livestreamers or youtubers or content creators by donating Tfuel that they earned for free.

 

This is just the basic functions of Theta. It will also have smart contract support, decentralized data storage and VOD support.



 

Update :
Samsung is about to be announced as a Validator partner of Theta.

 

The Theta team is working on integrating this network into a regular Samsung Smart TV. Therefore, this may be the FIRST Crypto that could potentially reach mass adoption to the average user. (Therefore, this post might be related to you in future)

 

The project is fully funded till 2021.

Team Includes Mitch Liu, Wes Levitt, Jieyi and many talented Blockchain developers.

Advisory council includes Cofounders of Twitch, Youtube, and many more prestigous names.

A functional website runned by the Theta Network that is live is https://www.theta.tv/ . or https://www.thetatoken.org/

The current price of Theta is only 15 cents Usd ( Market cap $150 million Usd)


There are many more things to say about the project but that is all for now.


 

*Trade at your own risk. The author will not be responsible for any losses or damages caused. This is just for sharing only as i love this project and I love every one of you that follows this page which means sharing is caring.
 

Happy Valentines Day!



Article By Raymond Sim,
Greentrades
01126219231

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