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Theta Network

Theta Network

Theta is a decentralized video delivery network, powered by users and an innovative new blockchain.

Theta (THETA) refers to blockchain-based networks. This network is specially designed for streaming video. The Theta network, launched in March 2019, operates as a decentralized network where users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is being advised by Steve Chen, co-founder of YouTube, and Justin Kahn, co-founder of Twitch.

The Theta network also has its own token called THETA. It performs completely different tasks. Operates the network and counts Google, Binance, Blockchain Ventures, Gumi, Sony Europe, and Samsung as its Enterprise validators. So it is with the Guardian network, which in turn consists of a thousand guardians who are managed by the community through nodes.

Theta was founded by Mitch Liu and Ji Long in 2018. Liu has a long history in the gaming and video industries, co-founding video advertising company Tapjoy, mobile social gaming startup Gameview Studios, and THETA.tv, a live streaming platform. whose DApp was the first to be built on the Theta protocol. Long is the co-founder and part-time CTO of Theta. He has vast experience in similar areas. He is a professional in design automation, gaming, virtual reality, and large scale distributed systems. He is the author of several peer-reviewed scientific articles and holds various patents in the fields of video streaming, blockchain and virtual reality. To date, Theta has a completely modest team. And instead of developers, the site contains a list of strategically important, corporate clients. These include Samsung NEXT, Sony Innovation Fund, BDMI media investors Bertelsmann Digital Media Investments, CAA Creative Artists Agency, and traditional Silicon Valley venture capitalists including DCM, Sierra Ventures and VR Fund.

Theta is a unique system of its kind. Here the main business idea is the idea that streaming video should be decentralized, as well as data delivery and peripheral computing. All this makes them much more efficient, more profitable, and most importantly, fairer for industry participants. The network runs on its own blockchain with two native tokens known as Theta (THETA) and Theta Fuel (TFUEL) powering the internal economy.

The network relies on Proof of Stake (PoS) and uses Byzantine Fault Tolerance (BFT) layered consensus mechanism to balance security with high transaction throughput. With the launch of Guardian Nodes in June 2019, Theta has ensured that no single entity controls the majority of THETA tokens staking at any given time.

Timeline

December 18, 2017
Theta Network raises a $12,000,000 seed round from Heuristic Capital Partners and Sparkland Capital.
2017
Theta Network was founded by Jieyi Long and Mitch Liu.

Funding Rounds

Products

Patents

Further Resources

Title
Author
Link
Type
Date

[ANN] [TOKEN SALE] Theta Network - Next generation video delivery powered by you

Web

6 Questions for Mitch Liu of Theta Labs - Cointelegraph Magazine

Editorial Staff

Web

March 27, 2022

Buy THETA Token | Buy THETA Token with Credit Card | Binance.com

Web

Everything you need to know about the February 1st TDROP Launch-- Schedule, VIP Benefits, Staking, and Governance

Theta Labs

Web

January 28, 2022

Introducing the Theta Ecosystem 2022 & TDROP NFT Liquidity Mining token

Theta Labs

Web

July 29, 2021

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News

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References

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