Theta blockchain: the pioneer of decentralization in video streaming industry

Light of defi 2021-06-19 04:12:56 阅读数:183

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theta blockchain pioneer decentralization video

We live in the age of video streaming , With Netflix、Disney+、YouTube、Twitch And iqiyi in China 、 youku 、 Tencent video and many live platform services .

The Cisco visual network index report shows ,IP Traffic is expected to flow from 2017 Month of 122EB Rapid growth for 2022 Year of 396EB/ month , Among them, Internet video will occupy the whole market traffic next year 71%.

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This growth means that streaming providers have to spend more to maintain their own content delivery networks , The solution can be to rent Amazon , Alibaba cloud and other cloud servers or other .

But either way , With the further increase of traffic , For each year, usually only in CDN For streaming media companies that pay huge fees on bandwidth , Its costs will increase rapidly .

But beyond that , People with streaming media solutions are often troubled by some problems . although CDN In many places, there are stationing data centers , But the number is limited , This reduces the efficiency of providing streaming services to users , Especially in remote and underdeveloped areas .

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Streaming media users often face some problems , If the picture quality is poor 、 Often rejected and streaming media instability . As technology advances , The transmission problem is getting worse , because 4K and 8K Higher resolution than 720p or 1080p Standard much more bandwidth .

THETA The Internet

Theta Network It's a fast-growing cryptocurrency project , It's trying to use blockchains and next-generation platforms , Provide a feasible solution to all the above problems , In order to realize the decentralization of video streaming field .

With the support of blockchain Technology ,Theta Network is a new generation of video streaming media and transmission platform .

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It's different from traditional solutions on the market that use centralized servers for transmission ,Theta Providing streaming services through a decentralized network .

stay Theta In the network , When watching a video, viewers can share their unused computing and bandwidth resources with others , To optimize the user experience and the quality of streaming media .

As a reward for user support , The audience will receive Theta Fuel, These are the two native technologies that the platform uses in its ecosystem Tokens One of . by Theta Users who contribute their device bandwidth and computing resources are called cache nodes .

These nodes together form a mesh network for video transmission , Responsible for providing video streaming to the audience . Although nodes provide services on a global scale , But delivery is optimized for local use , This means that the network will select the nearest node for streaming delivery ( Like your neighbor's computer ).

Because the device that viewers use to watch video is also used to deliver streaming content to others , And it's closer geographically to , Therefore, the quality of streaming media can be greatly improved by reducing the information round-trip time .

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according to Theta forecast , If there are enough cache nodes , So video and streaming platforms can be used for a long time Theta To reduce up to 80% The cost of bandwidth .

The platform features point-to-point connections between viewers and nodes , Not through a central server .

That's why , image Theta Such a distributed network will not face the single point of failure problem that often leads to service interruption . contrary , The more users there are in the network, the more powerful it is , The quality of streaming media will also be better .

About Theta, It should be noted that , The cryptocurrency project aims to provide streaming media companies with a cheaper 、 More efficient ways to run their services , At the same time, for the decentralized streaming media platform through Theta The agreement to enter the market provides opportunities .

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Theta The reason why we are able to successfully obtain investment and cooperate with Samsung 、 Google 、 Sony and Gumi Inc This is also the reason why famous companies have established partnerships .

THETA working principle

In order to understand Theta How it works , Let's take a look at the important components of the network .

1、 Multilayer Byzantine consensus algorithm (PBFT)

Theta It has its own blockchain platform , It uses a certificate based on delegated interest BFT Consensus mechanism .Theta The consensus on this is reached through two layers . On the first floor , A small number of enterprise verifier nodes generate blockchains at the fastest speed .

after , They communicate with thousands of community operated Guardian nodes , These nodes ultimately determine the blockchain generated by the verifier Committee on the regular checkpoint block . This architecture is called a dual defense system .

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Although the verifier of the first layer is due to the small number of nodes , A consensus can be reached quickly , But he also has to guard nodes to ensure network security , It also has the final say in verifying transactions .

At the same time, the verifier of the first layer should monitor the malicious activities of enterprise nodes . Although the Committee of verifiers is becoming more and more centralized , But the second level guardians can reach a consensus on a decentralized basis . therefore , The network can be scalable to more than... Per second 1000 transaction , This strikes a good balance between decentralization and security .

2、 Aggregate signature broadcast scheme

When the block generated by the verifier committee is finalized , The guardian will choose to broadcast data to all nodes in the second layer for communication . However , Although this is a practical process , But it may greatly limit the throughput and scalability of the network .

For this reason ,Theta A mechanism called aggregate signature broadcast scheme is used to reduce the complexity of information transmission .

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As part of the program , Before each guardian in the network communicates the aggregated signature to other nodes , Will combine partial signatures from their neighbors . therefore , Communication between nodes can become faster 、 More effective , At the same time, the amount of information between nodes is reduced .

3、 Micro payment fund pool under the chain

Theta Also designed a small payment fund pool under the chain , Dedicated to video streaming transactions . Although it's double flower resistant , But the function allows users to create an off chain micro payment fund pool , Others can withdraw funds through off chain transfers .

thus , Users can pay for streaming media content pulled from multiple cache nodes , Without having to trade on the chain . Do this for Theta Blockchain saves valuable resources , And allow the network to achieve better scalability .

4、 Edge node

Theta The verifier Committee and guardian node architecture allows the video streaming platform to work more efficiently , But they are required to use their own servers ,CDN Or distributed technology to run .

however , With Theta Of mainnet 2.0 Release , The encryption project introduces another set called Edge Community managed node set of nodes .

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Edge The node is Theta Of Edgecast Peer to peer dApp Provide support , So that users in the network can relay , Transcoding and sharing redundant resources with other users , Without a centralized server .

In order to solve the tasks of other users ,Edge Nodes get TFuel Reward , These rewards are placed in smart contracts , The contract acts as a distrust trustee , Until the submitted solution is verified by other nodes .

With the help of Edge node , Now you can create , Upload and view streams , And there's no need to be Theta Use any central server or CDN.

Theta Virtual machines and smart contracts

Theta There is a virtual machine with Ethereum (EVM) Compatible virtual machines , It allows developers to make simple changes , And then launch them on previous platforms based on ETH Solutions for .

besides ,Theta Support for smart contracts , Cryptocurrency projects can use smart contracts to create and launch their own TNT-20 Tokens.

Besides ,Theta Content creators on can also launch their NFT, And users can take advantage of the platform's smart contract driven DEX In exchange Tokens.

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So what is Theta Tokens, (THETA) Well ? It is associated with Theta Fuel(TFUEL) What's the difference ?

First ,Theta Use two TOKEN Structure to operate . The first is THETA, It is mainly used for governance and pledge .

Although the holder can use THETA Changes in the future 、 Update and other important issues about video streaming protocol to vote , But the verifier and guardian will pledge the cryptocurrency , To generate new blocks and finalize them in the consensus process .

THETA The total supply of is fixed at 10 One hundred million Tokens, No currency will be released in the future .

On the other hand ,TFUEL The role played in the network is similar to that of Ethereum gas similar , And it has some extra functions .

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although TFUEL It is used for smart contract interaction and transaction costs on the payment chain , But it's also allocated as a reward to THETA Gamblers and edge nodes 、 Audience and content creators .

TFUEL The initial supply of 50 100 million yuan , It is characterized by an annual increase in supply 5%. stay 2018 year 1 Month collected from contributors 2000 After ten thousand dollars ,THETA Our prices have been relatively stable , This situation has been maintained until 2020 year 7 month .

However , since 2020 year 12 month 8 Since then ,THETA Experienced near 1500% The growth of , By 2021 year 5 month 6 Japan , Year to date earnings are 428%.TFUEL It's a very similar situation ,2021 In the 1000% The growth of , The historical return on investment exceeds 2350%.

Theta Solutions for

Theta Our ecosystem is developing rapidly , Video streaming media blockchain platform is the most important , For all aspects of the problem ,Theta A series of measures have also been taken .

1、Theta wallet

Theta Have your own cryptocurrency wallet , You can use it to hold 、 Receive and send THETA、TFUEL、TNT-20 And the platform's NFT.

2、Theta.tv

Theta.tv The predecessor was Sliver.tv, It's the project's own decentralized video streaming platform , You can contribute your device to improve the quality of streaming media when other users view content on the service , In order to gain TFUEL.

3、Theta Edgecast

Theta Edgecast It's the project's own dApp, Provides users with a completely decentralized way to create 、 The ability to upload and watch video streams .Edgecast By using thousands of Edge Node to maintain dApp To achieve .

4、Theta Swap

Theta Swap It's the local decentralized exchange of the platform . Through this platform ,Theta Users can use smart contracts in THETA、TFUEL and TNT-20 Exchange between tokens , And there are no intermediaries .

5、Theta Token Minter

Theta Token Minter It's a solution , For developers and cryptocurrency projects to create and launch their own TNT-20 Tokens, .

Chain gold analyst opinion

Theta It's a success story , It uses decentralization to solve the most urgent problem in the field of video streaming .

Video streaming is becoming more and more popular , But traditional suppliers face a variety of problems , Such as cost increase and last mile delivery issues .

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Theta This paper aims to solve these problems by using blockchain technology to create a decentralized video streaming protocol . In addition to better picture quality and cheaper cost ,Theta Also use TFUEL Tokens Encourage users to share their device resources with others when viewing content on the platform .

Although the project only started three years ago , But it's developing rapidly all the time ,Theta It plans to release a third version of its main network in the next few weeks .

Theta Main network 3.0 Two major upgrades will be introduced :

One 、 Elite edge nodes , The upgraded edge node can obtain additional benefits by mortgaging token and providing higher performance on streaming media platform TFUEL.

Two 、TFUEL Destruction mechanisms , By introducing and using Theta Edge The cost of the Internet TOKEN The expansion of . The project will destroy at least every payment at the agreement level TFUEL Cost 25%, To reduce encryption TOKEN Supply of .

Through this main network upgrade ,theta Security and stability will be further improved , The economic model was further optimized , We believe that with the further growth of video streaming ,theta The importance of this will be further highlighted , Market share will also increase further .

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