THETA is the Ethereum token of the THETA network project. The THETA network project is affiliated to Theta Labs. It is a new generation of decentralized video streaming platform based on native blockchain technology. The platform distributes THETA token rewards for content viewers who share bandwidth, provides high-definition video content, and reduces video streaming. Distribution costs.
Theta Network aims to develop a more efficient method to distribute any type of content and data globally through a paid peer-to-peer network. Theta blockchain uses native tokens to encourage individual users to share surplus computing power and bandwidth resources as a cache or relay node for video streaming. This mechanism can improve the quality of video streams and solve the "last mile" transmission problem - the main bottleneck of traditional information transmission channels, especially for ultra-high-definition high bit rate 4K, 8K video and next-generation video streams. With enough network density, most viewers can grab video streams from peer caching nodes, and video platforms can significantly reduce the cost of content delivery networks (CDN). Theta Network introduces an end-user token reward mechanism to help video platforms attract viewers, increase revenue, and provide distinctive content and viewing experiences.

About THETA

Theta Labs is a wholly owned subsidiary of SLIVER.tv. SLIVER.tv is a leading eSports live streaming platform with over 1 million monthly active users. Sliver.tv Receives $17M in Financing from Top VCs in Silicon Valley, Investors Include Danhua Capital, DCM Ventures, Sierra Ventures, Venture Reality Fund, Leading Hollywood/Media Investors Creative Artists Agency, BDMI, Greycroft GC Tracker, Advancit Capital and Two Japanese mobile game companies GREE and Colopl. The company holds four patents, including one for efficient spherical video generation for 360-degree VR streaming. In addition, Sliver.tv has a patented technology that brings viewers into a 360-degree VR virtual world, enabling viewers to switch perspectives to watch e-sports game videos to encourage more interactions.

Problems and Challenges--The Current Situation of Live Streaming

1. Low-quality video streaming
Today's content distribution networks have limited coverage, making it impossible to enjoy smooth, high-quality video in many parts of the world.

2. Expensive streaming media distribution infrastructure
The platform bears the high cost of operating the content distribution network, and can only leave less income to content creators.

3. Centralized and inefficient ecosystem
The centralized environment means that only less income will be returned to content creators, resulting in a lack of innovation. In the existing ecosystem, viewers suffer from low-quality streams and meager rewards. Platforms and advertisers take most of the rewards. Content creators deserve better.

Solution--Decentralized video streaming powered by users and blockchain technology

1. Viewers earn Theta coins as rewards
Viewers can now earn Theta coins as a direct reward for sharing bandwidth and resources, and can give it back to creators.

2. High-quality, smooth video streaming
The peer-to-peer, decentralized content publishing network efficiently transmits video streams around the world.

3. The cost of transmitting video streams is reduced
Publishers and content creators no longer need to develop expensive infrastructure, so they can focus on innovation and try new and unique business models.
Finally, users are the biggest beneficiaries due to the significant reduction in the cost of transmitting video streams. Both content creators and platforms stand to profit more.

Advantage

1. Technical improvements
•New blockchain technology tailored for decentralized streaming network (DSN)
•Innovations include Resource Oriented Micropayment Pool (Resource Oriented Micropayment Pool) and Participate in Proof-of-Engagement.

2. Streaming Media Ecosystem
•Theta coin is a long-term and sustainable incentive mechanism to motivate all stakeholders to participate in the decentralized video streaming network.
• For decentralized live streaming, Theta is the only end-to-end solution that provides both technical and economical solutions.
The technological innovations of the Theta blockchain include:
• Reputation Dependent Mining: In the Theta protocol, cache nodes play the role of blockchain miners. The block reward is not a constant, but based on the reputation score of the cache node that mined the block. In order to earn more mining rewards, miners need to increase their reputation score by delivering video streams to downstream audiences.
• Global Reputation Consensus: We propose a mechanism so that the reputation score of each cache node in the Theta network can obtain a global consensus. Reputation scores can be quickly computed from service certificates based on hash minimization problems. As a result, each block reward can obtain a global consensus.
• Proof-of-Engagement: We introduced a new proof-of-engagement mechanism that proves that the viewer actually watched the video by embedding hash puzzles in the video stream Streaming, so that every penny spent by advertisers is clearer and more transparent, and it also provides a basis for viewers to earn Theta token rewards for watching videos.

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