THETA is an Ethereum token for the THETA network project, which is affiliated with Theta Labs. The THETA network is a decentralized video streaming platform that leverages native blockchain technology to reward viewers who share their bandwidth with THETA tokens, while providing high-quality and smooth video content and reducing the costs of video distribution.
The Theta Network aims to develop more efficient methods to distribute any type of content and data globally through a rewarded peer-to-peer network. The Theta blockchain incentivizes individual users to share their excess computing power and bandwidth as cache or relay nodes for video streams using its native token. This mechanism improves video stream quality and addresses "last mile" delivery issues – a major bottleneck in traditional information transmission channels, especially for ultra-high-definition 4K, 8K videos, and next-generation video streams. With sufficient network density, most viewers can fetch video streams from peer-to-peer cache nodes, allowing video platforms to significantly reduce Content Delivery Network (CDN) costs. The Theta Network introduces an end-user token reward mechanism designed to help video platforms attract viewers, increase revenue, and offer unique content and viewing experiences.

About THETA

Theta Labs is a wholly-owned subsidiary of SLIVER.tv, a leading esports streaming platform with over one million monthly active users. SLIVER.tv has raised $17 million from top Silicon Valley venture firms including Danhua Capital, DCM Ventures, Sierra Ventures, Venture Reality Fund, leading Hollywood/media investors Creative Artists Agency, BDMI, Greycroft GC Tracker, Advancit Capital, and two Japanese mobile gaming companies GREE and Colopl. The company holds four patents, including one for efficiently generating spherical video for 360-degree VR streaming. Additionally, SLIVER.tvs patented technology immerses viewers into a 360-degree VR virtual world, enabling them to switch viewpoints during esports game videos, encouraging more interaction.

Problems and Challenges - The Current State of Streaming

1. Low-Quality Streams
Limited coverage of current content distribution networks means many regions worldwide cannot enjoy smooth, high-quality video streams.

2. High Costs of Streaming Infrastructure
Platforms bear the high costs of operating content distribution networks, leaving less revenue for content creators.

3. Centralized, Inefficient Ecosystem
Centralization means only a small portion of revenue returns to content creators, stifling innovation. Viewers endure low-quality streams and meager rewards, while platforms and advertisers take the lion’s share of the rewards. Content creators deserve better treatment.

Solution - Decentralized Video Streaming Empowered by Users and Blockchain Technology

1. Viewers Earn THETA Tokens as Rewards
Viewers can now earn THETA tokens as direct rewards for sharing bandwidth and resources, which they can give back to creators.

2. High-Quality, Smooth Streams
A peer-to-peer, decentralized content delivery network efficiently distributes video streams globally.

3. Reduced Costs of Streaming
Publishers and content creators no longer need to develop expensive infrastructure, enabling them to focus on innovation and explore novel business models. Ultimately, the significant reduction in streaming costs benefits users the most. Content creators and platforms can profit more.

Advantages

1. Technological Improvements
• A new blockchain technology tailored specifically for the Decentralized Streaming Network (DSN).
• Innovations include a Resource-Oriented Micropayment Pool and Proof-of-Engagement mechanisms.

2. Streaming Ecosystem
• THETA tokens serve as a long-term, sustainable reward mechanism that incentivizes all stakeholders to participate in the decentralized video streaming network.
• For decentralized live streaming, Theta is the only end-to-end solution that provides both technological and economic solutions. Key innovations in the Theta blockchain include:
• Reputation-Dependent Mining: In the Theta protocol, cache nodes act as blockchain miners. Block rewards are not constant but instead based on the reputation score of the cache node mining the block. To receive more mining rewards, miners must improve their reputation scores by passing video streams to downstream viewers.
• Global Reputation Consensus: We propose a mechanism that achieves global consensus on the reputation score of every cache node in the Theta network. Reputation scores can be quickly calculated through service certificates based on hash minimization problems. As a result, each block reward can achieve global consensus.
• Proof-of-Engagement: We introduce a novel Proof-of-Engagement mechanism that proves viewers indeed watched the video stream by embedding hash puzzles within the video stream. This ensures advertisers spending is transparent and accountable, and forms the basis for viewers to earn THETA token rewards for watching videos.

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