Theta Network

Key Technical Advantages:

Decentralized Video Streaming: Theta Network is a decentralized video streaming platform that uses blockchain technology and tokens to incentivize users to share their redundant computing and bandwidth resources, improving the quality of stream delivery and solving the "last-mile" delivery problem. Multi-Level BFT: Theta Network employs a modified Byzantine Fault Tolerance (BFT) consensus mechanism, allowing thousands of nodes to participate in the consensus process while maintaining high transaction throughput (1,000+ TPS). This multi-level BFT approach has a small set of nodes (validator committee) producing blocks quickly and thousands of guardian nodes finalizing the chain at regular checkpoint blocks, providing multiple levels of security. Aggregated Signature Gossip Scheme: This scheme significantly reduces messaging complexity in the Theta Network by allowing guardian nodes to combine and gossip out partially aggregated signatures from all neighbors. This enables signature shares to reach other nodes at an exponential rate, reducing communication overhead. Resource Oriented Micropayment Pool: Theta Network utilizes an off-chain "Resource Oriented Micropayment Pool" designed specifically for video streaming. Users can create off-chain micropayment pools that are double-spend resistant, allowing other users to withdraw using off-chain transactions. This provides a more flexible solution compared to off-chain payment channels. Dual Currency System: Theta Network employs a dual currency system consisting of Theta Tokens (used for staking and securing the network) and Theta Fuel (used for paying for transactions and smart contract execution). This system is designed to balance security and utility within the network. Content summarized by AI chatbot

Source:

https://s3.us-east-2.amazonaws.com/assets.thetatoken.org/Theta-white-paper-latest.pdf?v=1553657855.509