What is Theta Network? Hi Hamed Saghafi, and welcome to Digibit. Digitab is your home to watch the best educational videos in the field of cryptocurrency. All the people of the world love movies and videos. On YouTube, more than one billion videos are viewed every hour. Concentrated videos have evoked many fond memories for us over the years. But most of them are on web2.0. Where users are encouraged to upload their own content.
But there is no control over how they use and monetize their content. Making a video and signing it up on YouTube or similar services is not always easy. Because these services are centralized, they may easily restrict your content due to personal tastes, thus creating a huge gap between viewers and video creators. Now it is the turn of the new generation of video streaming platforms on web3.0.
And this is where the theta network comes in. Theta was launched in 2019 and is basically run by its own users. It shares peer-to-peer bandwidth and computer power between users. This, as well as the thousands of users on the network, secure the theta network and help keep the theta platform decentralized. It also makes theta (theoretically) more accessible to content creators and more secure for visitors. This operating system is completely open source, which is based on stock proof. In this way, those who own the native theta token can participate in theta governance and internal management by sticking it or by participating and building their own nodes. Users are also rewarded for doing so (sticking), for participating in the network and keeping theta tokens from the network. Shortly after the theta launch, its team realized that it needed a high-liquidity token that could help millions of transactions and micropayments every day , so the TFUEL built-in token was created. . The interesting thing about TFUEL is that you can get paid for watching the video! So advertisers can use TFEUL as a gift for their viewer engagement. Here, the role of those radio and television organizations and these are being eliminated, they take the money, they take the advertisement and they show the advertisement to us, and well, they give us a free content, here we can buy the content with this money, we can buy it, see If an ad is created we can get TFEUL The viewer can also benefit from seeing an ad They can also share their bandwidth with other users to watch videos or upload them to get TFUEL for this.
TFUEL can also access to Use video streams to gain access to video streams, reward producers of your favorite content, or execute smart contracts on theta network. Theta was originally a token built on the atrium bed. But now it has its own blockchain network and is a coin that is compatible with the Atrium virtual machine. In this way, developers will be able to work with the same Atrium programming language on intelligent theta network contracts. Theta Smart Contracts contribute to factors such as loyalty and equitable distribution on the network, which also make it more equitable and transparent. The first decentralized program built on the theta network was silver.tv (Silver.tv). A platform for uploading game videos and sports programs that has millions of viewers every month. The platform is primarily dedicated to streaming and sharing online games, and is expanding its use with ThetaDrop, an NFT store for digital products focused on increasing the number of content creators, followers, and online auctions. Theta is partnering with Samsung vr to provide better virtual reality games to the world, with the Theta Network offering a way to overcome the limitations of using virtual reality products by sharing bandwidth and receiving rewards.
And Samsung again! This time it implements one of the theta organizational authentication nodes, which is limited to 10 to 20 different locations in the world. These nodes are responsible for verifying transactions on the network. There are about 4,000 nodes in the network to check that other nodes are working properly as well as transaction validation. This mechanism is a hybrid mechanism that results in increased network security as well as increased transaction speed and volume.
This is critical for a platform that wants to work on streaming and micropayment services . A good company for the theta project that works with big companies like Sony, binance and google. Partnering with such big tech companies can put Theta in a very good position. Theta team has some very influential personalities, in its own advisory board, the most famous of which are Steve Chen, the founder of YouTube, and Justin Kan, the founder of twitch. Theta platform is ready for use by millions of users on a monthly basis . Keep up the good content. Theta can become a major player in the virtual world and has the potential to become one of the largest streaming and virtual reality service providers in the world. Experts predict that the market for virtual reality products alone will reach more than $ 55 billion by 2021. If this video helped you learn more about the TFUE token network, and THETA, follow this page to learn more about currency codes.
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