Blockchain
By Steven Anderson
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Theta Edge Network Progressing in Transcoding
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Theta Network have expressed that the Theta Edge Node are adding new video transcoding jobs. They say this is the first step in Theta tackling the $1.
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For clarity, Video Transcoding is the process by which video files are converted from one format to another.
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We are living at a point in time where there is an ever increasing number of media and entertainment content getting shared and therefore the video transcoding industry is…
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Such videos are on-demand because it is live streamed and there is an increase in the numbers of users who are in to video shopping online.
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The transcoding work can get done seamlessly with Theta’s distributed Edge Network, and users will be earning TFUEL in exchange for doing these compute-intensive jobs.
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Theta’s distributed Edge Network are set to be testing with sample videos to track reliability, speed and efficiency to further progress to making possible actual uploaded videos…
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The workflow in this process is in-demand as they are facilitating a turnkey solution, which will be seed to be attractive from all video platforms for their use.
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First of all a monthly pool of 150k TFUEL is set to be allocated in rewards to the “edge nodes” for the transcoding services they facilitate.
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This will likely evolve in the future to be the go marketplace for the distributed computing services where providers will be able to decide the price for discrete jobs and edge…
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