What are Theta and Terra?
Theta runs on Ethereum. They have deals with Samsung, Sony, Hollywood Studios
https://www.thetatoken.org/https://medium.com/theta-network/lionsgate-films-becomes-latest-hollywood-studio-to-bring-content-to-theta-network-e94bdb0219b6What is Theta TokenThe Theta Network is a decentralized video delivery network with its own blockchain. This network aims to provide technical and economic solutions to problems in the streaming sector. The Theta blockchain is designed to incentivize the sharing of bandwidth across the network. Users of the network are able to contribute their excess bandwidth and computing resources in exchange for token rewards; Theta Tokens.
The goal of Theta TokenThe Theta Token (THETA) is the governance token of the Theta blockchain. The token and its functionalities are used to stimulate users to share their memory and bandwidth, in order to improve the quality of stream delivery and lower the costs of bandwidth.
Theta Token runs on the Ethereum blockchain and can be 1:1 exchanged for the native Theta Token. There are 1,000,000,000 Theta tokens in circulation, which is also the total amount of tokens the platform intends to issue.
How Does Theta Blockchain Work?Theta is an ERC-20compliant decentralized video delivery network. This categorization means that Theta users can utilize the Ethereum ecosystem to simplify their crypto experience. Ethereum is the largest Dapp ecosystem in the world and ERC-20 tokens enjoy a massive variety of wallets, DEXs, and games. Theta leverages the security and efficiency of Ethereum and combines it with various proprietary technologies to improve the quality of stream delivery.
Theta BlockchainThe Theta blockchain is the only end-to-end infrastructure for decentralized video streaming and delivery at this time. The blockchain’s design permits maximum functionality in this regard. For example, the system can pull streams from peering caching nodes. This approach allows video platforms to significantly reduce content delivery network (CDN) costs.
Theta TokensTheta tokens are the governance token of the Theta network. They provide users with a host of functionalities. This token is what you use to stake as a Validator or Guardian node, to produce blocks, and to participate in the protocol’s governance. There are 1,000,000,000 Theta tokens in circulation at this time. Interestingly, this is also the total amount of tokens the platform intends to issue.
TFUELTFUEL tokens function as the man utility token in the Theta ecosystem. These tokens serve multiple purposes within the network. Primarily, TFUEL tokens incentive and encourage individual users to share their redundant computing and bandwidth resources as caching or relay nodes for video streams.
Theta.tvTheta.tv is the network’s main streaming service. Users can view and post their videos from here. Impressively, this Dapp is set to be included on future Samsung Galaxy phones. The integration will put Theta software on 75 million existing devices. Consequently, this move would give Theta a worldwide user base moving forward.
Consensus MechanismTheta introduces a new form of the Proof-of-Stake consensus mechanism known as Multi-Level BFT. This style of consensus is much faster than traditional Proof-of-work systems. The Multi-level BFT mechanism utilizes a small set of nodes to speed up approvals.
Specifically, a small group of nodes acts as a “Validator committee.” Once these nodes give the first approval, a much larger group, consisting of thousands of nodes, known as the “Guardian Pool”, fully validates the transactions and adds them to the blockchain. Keenly, this mechanism provides Theta with high transaction throughput.
Resource-Oriented Micropayment PoolTheta also introduces a resource-oriented micropayments pool to streamline the network process. This protocol creates an off-chain micropayment pool that any other user can withdraw from using off-chain transactions.
History of The Theta BlockchainTheta entered the market in 2018 following a $20 million private token sale hosted a year prior. The San Francisco-based firm behind this project is Theta Labs. Originally, Theta developers chose to host the platform on Ethereum. Since that time, the firm has gone on to construct a native blockchain.
Theta has seen growing interest from investors. The platform’s Co-Founder and chief executive officer, Mitch Liu is well known in the industry as a pioneering force. Additionally, Theta managed to secure some big-name advisors. These advisors include the Co-Founder of YouTube, Steve Chen, and Justin Kan, the Co-Founder of the gaming streaming platform, Twitch. In November 2018, Tencent Games announced a collaboration with SLIVER.tv to bring Theta rewards to Ring of Elysium players.
How to Buy ThetaTheta is available on many popular exchanges at this time. Binance, the world’s top exchange in terms of market capitalization, offers users easy access to Theta. To utilize Binance, you will need to register for the exchange. There are desktop and mobile Dapp versions available to suit your needs.
The signup process for Binance is simple. The initial part only takes seconds. However, it can take a couple of days to complete your KYC/AML compliance because it requires you to submit a photo ID and await approval. Once your account is active, you need to fund your wallet.
Funding your wallet requires you to load fiat currency onto it and then convert these funds into cryptocurrency, or load Bitcoin or Ethereum directly. The latter option allows you to start trading instantly. If you load fiat currency, you will want to convert it to Bitcoin or Ethereum as those are the two Theta trading pairs offered at this time.
