Theta Network powers the next generation video delivery. Theta Mainnet 2.0 is focused on introducing guardian nodes, which is a revolutionary, two layer consensus mechanism which is optimized for video delivery.
The LINE Corporation of Japan has teamed with Theta Network to launch the video service which targets the Asian market. LINE blockchain is a proprietary blockchain network, which is used to build and foster stronger relationships between users and service providers in the LINE ecosystem.
For those who are new to Live, it is the most popular Japanese instant messenger app that has more than 200 million users in the major markets of Japan, Taiwan, Indonesia, Thailand, Cambodia and it is now growing quickly several other parts of Asia.
This instant messenger is run by LINE Corporation, which is a publicly-traded Japanese subsidiary of the Korea’s NAVER Corporation. They have more than 130M Daily Active Users who highlight how important the LINE app is to everyday life.
LINE provides several features like LINE Pay which permits users to send money peer-to-peer for use in retail purchases. They also operate LINE Taxi and LINE MUSIC.
“THETA.tv for LINE users” will help earn token rewards by sharing the bandwidth while watching premium esports, film, and crypto content. LINE Users of Tetha.TV will be able to subscribe to streamers to donate them just like in other Theta Network apps.
Sydney Ifergan, the crypto expert tweeted: “Theta Network have a rich network of partners like Theta.TV, Samsung VR, and GFuel. I see their Live Network Stats are impressive.”
Mitch Liu, CEO and co-founder of Theta Labs when talking about their collaboration with LINE stated, “Being seamlessly integrated in the LINE messenger app introduces millions of users to the power of Theta blockchain, to share their bandwidth while watching the content they love. This brings unprecedented reach to our premium content from partners like MGM, CONtv Anime, NASA, FailArmy and World Poker Tour.”
Data requirements are sky rocketing and this is leading to infrastructure bottleneck. The content delivery networks (CDNs) do not have the required reach. They lead to video buffering and the load times are very high. When the streaming makes use of a centralized system, less revenue flows back to the content creators and platforms.
Decentralized peer-to-peer video delivery on a new native blockchain, which is powered by users solves these problems and also at the same time providing viewers with rewards by making use of the Theta fuel.
Theta Network being an open-source network and protocol is open to all developers and partners who will be able to build on the Theta network.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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