The Theta Network aims to compete with giants like Netflix and YouTube with its decentralization and increased security.
Users earn #THETA tokens by sharing resources, incentivizing participation, and offering their own value propositions.
While scalability and real-time processing are challenging, Theta's user-centric model has revolutionary potential.
The Theta network is emerging as an innovative alternative to traditional platforms such as Netflix and YouTube. But it remains an open question whether it can really compete with these recognized giants.
In an exclusive interview with BeInCrypto, Jiei Long, CTO of Theta Labs, discussed how #web3 is trying to disrupt video delivery through #decentralization , increased security and new incentives for content creators and viewers.
According to Long, Theta Network, developed by Theta Labs, offers a radically different approach to video streaming.
The Theta Network consists of 3 key components: the Theta protocol, which provides decentralized video delivery, the Theta #blockchain , which records and validates transactions, and Theta tokens, which encourage users to invest their resources," Long told BeInCrypto.
This decentralized model is in stark contrast to the centralized servers used by Netflix and YouTube. By using peer-to-peer networks in which users share additional bandwidth and computing power, Theta reduces reliance on centralized servers.
This system increases network reliability, reduces buffering times and improves video quality.
The decentralized nature of the Theta platform increases reliability and eliminates dependence on a single server," Long emphasized.
Security is a critical challenge for any digital platform. The Theta network addresses this challenge with a hybrid consensus mechanism that combines proof-of-stake (pos) and Byzantine fault tolerance (BFT).
Another important factor is the theta's reward structure.
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