There is an obvious connection between cryptocurrencies and gaming. The same applies to blockchain technology and eSports, especially when it comes to content delivery. Theta aims to disrupt the video delivery industry by issuing its tokens to streamers, eSports players, and others. It is quite an undertaking that requires a lot of people.
What is Theta Exactly?
The concept of Theta is not difficult to explain. The team is focused on disrupting the online video industry in spectacular fashion. Delivering video to various parts of the world is a very expensive venture as of right now. Theta’s decentralized peer-to-peer network will improve video delivery while decreasing the cost of doing so. Creating an end-to-end infrastructure for decentralized video streaming is something to look forward to.
How Does it all Work?
Live streaming video content is quite convenient, yet it is also prone to quite a few problems. Perhaps the biggest problem is low-quality video, combined with the high cost of the infrastructure required to power such activity. It is evident the current ecosystem is heavily centralized and incredibly inefficient. Viewers get very little reward in exchange for streaming things over the internet.
Theta aims to solve all this by introducing decentralized video streaming over blockchain technology. As a result, the streaming experience will be smooth and of high quality. Additionally, the cost of delivering video streams will be reduced, and viewers will earn Theta Tokens as a reward for viewing content. Additionally, tokens can be earned when sharing bandwidth and resources as part of this network.
With end-to-end decentralized video delivery, support for dApps, and a native token, Theta is certainly worth keeping an eye on. The dApps built on top of this platform can tackle various industries, ranging from eSports to movies, education and even enterprise conferencing. Whether or not this decentralized streaming network will ever gain major traction has yet to be determined, however.
The Theta Token
As mentioned before, the Theta Token is primarily designed to reward viewers and those who share their bandwidth and other resources with the Theta network. Viewers can also share these tokens with content creators as a way to incentivize future content creation. It seems these Theta Tokens will empower users and creators alike by cutting out as many middlemen as possible.
The Theta Roadmap
Creating such a powerful platform will not happen overnight. Theta has been in development for some time now, and the current focus is on developing the Theta blockchain. Its tokens are already integrated into the SLIVER.tv eSports platform, which showcases the potential of these tokens as we speak. The native network launch will happen in late 2018, after which time the ERC20 tokens will be exchanged for native blockchain tokens.