Decentralized streaming: Created in 2017 by Theta Labs, the ambition is to develop a form of video streaming, particularly for video games. By using blockchain technology, Theta believes it can offer better quality than centralized entities at a lower cost. It positions itself as a direct competitor to the Twitch streaming platform, but with the claim of providing a superior user experience. To achieve its ambitious goals, the decentralized platform encourages users to put their own bandwidth at the service of the community to stream videos in exchange for remuneration in the form of digital tokens. These tokens could also be used to reward content creators. The ecosystem functions as a sharing economy. Theta Labs launched Theta.tv to broadcast its own streams. Theta operates with various features to provide a reliable, secure, and low-cost service. The multi-layer Byzantine Fault Tolerance (BFT) consensus allows a large number of nodes to support thousands of transactions. The gossip protocol reduces the complexity of communication between different nodes, enabling increased scalability. The off-chain micropayment pool allows users to make transactions with streamers (donations).
Features: The project's native tokens are THETA and TFUEL. The first serves as a governance token. It allows holders to stake (lock up funds) their THETA and be rewarded in TFUEL. The second token is used for interaction between users to carry out transactions with smart contracts. It also serves as a means of remuneration for viewers and validators on the Theta Network.
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