Technology
By Dan Saada
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The validator nodes are powerful computers that process large numbers of transactions quickly. Some of these nodes are run by companies like Samsung and Sony.
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Theta Labs is the company behind the Theta Network. Theta Labs run Theta.TV and users are paid TFUEL to view the streaming.
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Theta Fuel (TFUEL) is one of the two native tokens on the Theta blockchain. TFUEL is different from Theta Token (THETA).
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The token is used to power all operations on the Theta blockchain, like providing payments for sharing a video stream, to deploy and interact with smart contracts, and also to…
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Theta Network is expecting to grow in the area of NFTs of Video Moments, by providing the infrastructure for these requirements on their decentralized infrastructure.
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Proof of Stake (PoS) based on the Tendermint Blockchain code is the mechanism, which users use to lock up large amounts of THETA by staking.
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Thus, Theta as a decentralized video delivery network is powered by users and an innovative new blockchain. The recent excitement in the ecosystem is because of NFTs.
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The Road Map for TNT-20, 2021 Q1, “Theta Network Token” minter expanded for NFTs; Pre “Elite Edge Node” (TFUEL staking testing); 1-click Delegated staking within Theta wallet;…
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2021 Q2, “Mainnet 3.0 Launch: Elite Edge Nodes, TFUEL staking and burning; LINE Dapp launches with Theta integration; Official Theta app released for Ledger and/or Trezor; v2…
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2021 Q3 “Edge Caching new use cases (game patches, software updates, etc.); Edge Compute new use cases (Machine Learning, AI, other compute-heavy jobs); v2 Edgecast fully…
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2021 Q4 “Beta of Edge Storage / IPFS integration, v2 Advanced Smart contract developer platform.”
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The WPT players love Theta Network for the NFT moments. The notable moments in the WPT history is already up at WPT.ThetaDrop.com.
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