With the development of the cryptocurrency assets industry, the financial market has been subject to a large number of upgrades and has reached a completely new level. However, progress has created a number of challenges in the electronic cash industry. So, new projects are trying not only to surpass the sites already functioning in the field, but also to eliminate the shortcomings of the system, technical equipment, information networks and the like.

One such start-up is the Zeta digital asset, which addresses a variety of challenges facing the video streaming industry today.

About THETA

The service is developed on the basis of the Ethereum information block chain. The startup offers a platform for arranging videos. The main idea of the developers was to create an infrastructure that would be able to ensure the mutual work of clients and content authors at the same level. At the same time, the priority was to ensure efficiency and profitability for both contacting parties.

The development of the cryptocurrency and its modernization is being carried out by the SLIVER.tv organization together with Theta Labs. The authors of the project drew attention to the growing share of video content in the total volume of Internet traffic. So, approximately 67% of the total amount of information on the network falls on this file format. According to experts in the field, this figure will only grow and exceed 80%.

Also, the entire system of posting this content was criticized. Among the main drawbacks of the network device, it was noted that most of the profits go to intermediary companies and marketing departments. In addition, the quality of services is quite high, and the quality of files is low, which indicates a discrepancy between the price and the quality of the product.

In the light of the development of these difficulties, the developers began to create this project, the main task of which is to solve all the above problems of the industry. The implementation of this plan is carried out by providing a dispersed structure of the information block chain for decentralized content exchange. The reputation system of nodes and the use of free capacities for calculations by consumers are laid in the foundation of the resource.

The operating principle of the platform is primitive:

the author uploads his file and sets up the conditions for its use (audience, number of impressions, cost);
by viewing this information, customers can provide free computing power, due to which the content becomes available and distributed among other users (that is, the network participants themselves transmit information to the system);
for such work in the form of maintaining the network, all users receive a reward, the amount of which depends on reputation and rating (the more the client participates in the distribution of files, the more his income).
This system of contacting participants can increase the speed of information transfer and improve the quality of streaming video in real time. At the same time, users receive an internal platform token for helping to maintain the network and viewing banners or other advertisements.

Due to the system being created, it is planned to implement live broadcasts, training programs, TV and just watching videos within the platform. So, the first to switch to a new type of blockchain is the SLIVER.tv company. Such a step will provide the project with a ready formed user base.

THETA features

The main purpose of the sites blockchain information chain is to serve as the consensus link for THETA transactions and rewards in the ecosystem. It is important to understand that block elements contain more than video files, as this is not possible due to information requirements. Blockchain will be completely available and the developers are hoping the team will build and host their own dApps based on the information chain. This is due to the fact that, according to theoretical calculations, a huge number of nodes and an equally large number of financial transactions for rewards will participate in the network.

In addition, the blockchain system should take into account the extensive flow of payments in the form of prompts, purchases and other uses of the internal cryptocurrency. As a result, the project is trying to form a PoS blockchain with a high level of bandwidth, dispersal and security. Such difficulties prevent most blockchain startups from working properly.

So, the creators of the resource divided the blockchain into two levels. A committee of validators of 20 validating nodes forms the elements of the chain. An extended group of custodians, responsible for checking all operations at given points, contributes to the achievement of goals. The team of authors of the project is confident that such a system of the device of work will provide high throughput, but at the same time preserve decentralization to the maximum.

Mining THETA is available on the website of the main company Sliver.tv. The process is carried out through a conventional PC device and information streaming. There is no extraction from computing power.

You can store the received tokens on all wallets that support the ERC-20 currency (Metamask, MyEtherWallet, ImToken, and so on). The official wallet of the site is also available.

Among the characteristic features of a startup, it is worth highlighting its protocol for reaching consensus - Proof-of-Engagement. This proof of engagement provides the ability to verify the actual viewing of the content of the network, which guarantees a more accurate and fair mechanism for crediting coins and accounting for statistics in general. That is, if the system participant has not viewed the file, then he will not receive a monetary reward.

In addition, the information blockchain supports smart streaming agreements and incentive agreements that also contribute to increasing revenue for the networks “working” customers. These contracts can be applied in several ways. For example:

encouraging streamers and viewers from a marketing company;
reward from viewers for streamers;
gift agreements for multiple online streaming organizers;
for premium or paid content;
when subscribing to a streamer channel or to dispersed content networks.
All smart agreements on the cryptocurrency platform are carried out by validators. This means that there is no need to attract outside sponsors, investors or any other authority. Also, with such a device, the possibility of intervention by third parties is excluded, which guarantees reliability and compliance with all agreements.

How is THETA created?

The main developer of this resource is the large company Sliver.tv, founded back in 2015. The main project was well financed by investors, therefore it developed actively and efficiently. As a result of her work, a video streaming service was formed. The creators of the THETA cryptocurrency are:

Mitch Liu - Co-founder and CEO;
Jiei Long - Director;
Ryan Nichols is another contributor and CTO.
Thanks to well-coordinated collaboration in 2017, the sale of domestic tokens started in a closed session on the market. In the same year, the coins were included in the activities of the authors site.

It is worth mentioning that all stages of the formation of the platform were carried out not only thanks to the three founders, but also to the whole IT team. The entire staff is represented by streaming professionals with experience, masters in blockchain technology, digital cash, strategic and technical promotion.

In addition, the project has developed strong support from partners, among which there are such major global brands as Samsung, Sony. Also among the advisors are YouTube co-founder Steve Chen and Twitch co-founder Justin Kahn.

Is THETA endless?

Analysts estimate this resource positively. This is due to the fact that the THETA cryptocurrency rate is quite stable, and given the growing volumes of this market niche, the startup has promising potential.

The service offers a number of important aspects in the form of income, quality content and decentralized collaboration without third parties. A positive factor for the growth of popularity and demand for the coin is also a ready-made user base, which is able to provide support for internal electronic cash.

Experts consider long-term investments to be the most promising, since, despite the competition and the complexity of implementation, the project has reliable partnerships and a wide audience.

In the winter of 2018, the ICO of the resource was held, thanks to which the site gained the planned amount of finance of $ 20 million. The total emission of tokens was 750,000,000 coins. Their initial quotation was $ 0.11117 per unit.

Strengths of THETA

Since entering the financial foreign exchange market, THETA cryptocurrency has become a very popular resource. This is explained by the fact that the site has several advantages that are important for both users and advertisers:

Free niche - today there are only about a dozen large resources with this line of business in the field of streaming and hosting. At the same time, the number of network users exceeds millions, which means that the system is not able to serve such a number of visitors and ensure the proper broadcast quality.
Availability of income on the platform - the project developers expect to use the computing power of users to operate the resource, and this is a good incentive for users to join the network. Such mutually beneficial cooperation is necessary for both the service and the participants themselves. At the same time, all users receive a profit for the transfer of information, and the site functions stably with the help of the audience.
Cooperation of the marketing sphere and the authors of the materials - the project plans to combine these two parties for their interaction within the resource, which allows raising the companys rating and popularizing it on the market.
Ethereum-based - an information blockchain based on Ethereum has good technical characteristics and has been tested on more than one cryptocurrency project.
It is also worth mentioning that during the operation of the platform, no obvious shortcomings were identified either by the users themselves or by experts in the digital industry.

THETA in TOP currencies

The site was created with the aim of promoting video content and eliminating the difficulties encountered in the field with high-quality broadcasting. The blockchain resource contains the THETA crypt within the ecosystem - this is the internal currency of the platform of the same name. The token is intended for solving the following tasks:

attracting and stimulating users who will broadcast and transmit quality materials over the network;
elimination of intermediaries who require high costs for posting information on their pages, as well as excluding the possibility of outside interference;
facilitating the conclusion of transparent and honest agreements between the creators of the site, the marketing department and the creators of video content.
Also, according to the developers, domestic coins can be successfully applied in three areas:

as an investment instrument that is suitable for long-term and short-term investments;
as a reward for the authors of the content of the service;
in the role of a reward for consumers of the content of the site - for completing the installations of advertisers.
There are a total of 1 billion coins active on the market. Of these, 588 million are at the disposal of the network members themselves. The market cap has almost reached $ 91 million.