A good project every day, Theta Network: a blockchain-based decentralized video delivery network
Traditional video streaming services face the so-called "last mile" delivery problem faced by the content delivery networks they rely on. Typically, content distribution networks (Content Delivery Networks) require data centers to be built close to viewers around the world, but due to the limited number of these data centers, they are not close enough to most viewers. This creates bottlenecks in the streaming pipeline, resulting in unstable streaming and poor image quality.
In response, Theta Network's solution is to build a peer-to-peer network that incentivizes viewers to share excess computing and spare bandwidth resources. Because the distance between viewers' devices is much closer to each other than to the CDN data center, the last mile delivery problem is solved.
The network and protocol are open source, which means that anyone can build on the Theta blockchain. Content providers are able to develop decentralized applications specifically for their audiences. DApps on the network can provide a range of entertainment types, such as movies and TV, music, e-sports, live broadcasts, and distance learning. Video platforms that are already running on the Theta Network include Samsung VR, Cinedigm, Shout! Factory, and THETA.tv.
Theta is at the core of operations running on its blockchain and has two native cryptocurrencies: THETA coins (used for voting on protocol changes) and TFUEL (used for executing transactions).