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Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch.
Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.
Developers say that the project aims to shake up the video streaming industry in its current form – centralization, poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users.
The ongoing rally in the BitTorrent (BTT) ecosystem may be linked to heightened interest in the protocol following the announcement of key upgrades including the increase in the BitTorrent File Sharing (BTFS) network decentralization.
Filecoin fundamentals may make it plausible for the digital currency to sustain the 9th largest crypto ranking as the project seeks to offer a highly sustainable and secure decentralized storage system.
THETA, the blockchain network’s native token, took a nosedive when the scheduled postponement was revealed.
Finishing the business week with some big announcements made by Theta Network, Stellar Lumens and Neo.
Theta Labs announced that Google Cloud is a new participant in its Enterprise Validator program. Google Cloud will now join other Enterprise validators like Binance, Blockchain Ventures, and Gumi.
