What is Theta Coin?
Theta coin is pretty simple, but its implications are complex. Theta coin is the token used on the Theta network, which is a way of storing and delivering streaming video anywhere in the world. Because blockchain has no central servers, the content won't be fast some places and slow others. It'll simply be everywhere at once, as long as people are connected to the network.
Within the network, Theta coin has various important uses. Theta coin pays for transactions on the Theta network. Theta coin is paid back to users who perform actions that benefit the network. Theta coin is paid to content creators who do great work. This last point is important because many Youtube content creators have had their channels de-monetized recently.
What is the Theta Network?
Theta coin was borne out of a project called Sliver.TV. Sliver.tv is a streaming platform for gaming video content, for VR, esports, and related video content. Sliver.tv is already active, with hundreds of thousands of users. But when the Sliver.tv platform was new, they found they had no reliable way to deliver high-quality video content to their users. They created the Theta network in response.
The Theta Network is active on Sliver.tv as we speak. This blockchain based technology has the power to deliver HD and 4K video content with perfect clarity because it doesn't rely on traditional server and network infrastructure. As the global demand for HQ video increases year on year, a blockchain solution like Theta network may really be the answer to the current paradigm's limits.
Who is the Team Behind Theta Coin?
Theta coin has a qualified team of leaders and developers, all with experience in relevant industries, companies, and startups.
Take, for example, Theta co-founder Mitch Liu. With academic credentials from Stanford and MIT, Liu also founded Tapjoy and Gameview studios (in addition to Sliver.tv and Theta Network). The remaining three, two projects and another co-founder, are a braintrust of engineering, computer science, and blockchain specialties. Most members have successful past projects already under their belts, giving this team a leg up on many beginner cryptocurrency teams.
The team above are engineers and designers who are making the Theta network a reality, under the guidance of the previous four project heads. Each has impressive credentials available online, and any would be highly valued in any blockchain project.
What Are Theta Network's Corporate Connections?
The Theta network is advised by co-founder of Youtube, Steve Chen, and co-founder of Twitch, Justin Kan. Theta network has numerous other technology and strategic partnerships, from venture capital, computer technology, and blockchain groups.
The company has received financing and support from various venture capital firms, as well as worldwide brands such as Samsung and Sony. These final two, it should be noted, are financeers of Sliver.tv and not Theta network directly. But as these partnerships are ongoing, one can assume that these multi-nationals are looking at the development of Theta Network with interest.