An open source protocol that powers a decentralized streaming network – unlike current networks such as Youtube, which are centralized. And that allows the development of decentralized applications (DApps) to enable various streaming, especially e-sports and entertainment. So, this is what Tetha blockchain is about: a company that recently caught the attention of the market, after announcing partnerships with Samsung and Google and seeing a valuation of almost 1,000% of the namesake token, which powers the platform.
The Tetha.tv was the first application created on the Theta network. Essentially, it’s a competing Twitch network, where users stream PC games or video games. The difference is that both content producers and viewers can be compensated in this network. Viewers are paid in TFuel tokens for watching or sharing bandwidth for streaming. With the withdrawal of intermediaries, creators can receive more for their broadcasts than they would on platforms with large intermediaries.
The appreciation of the Tetha token coincided precisely with the period that bitcoin melted the most in international markets, when the world realized the coronavirus pandemic. And perhaps the appreciation was linked to a perception that with more time at home, people would start using more this type of platform. The Tetha token has good liquidity, being listed on 14 exchanges, including giants such as Binance and Huobi. In all, the cryptocurrency has 30 trading pairs on these exchanges. Tetha is currently the 42nd currency in market capitalization, with US$ 202 million, according to Coinmarketcap.
Token Tetha is limited to one billion units
The cryptocurrency Tetha is limited to one billion units. So, in a way, it replicates the scarcity of the bitcoin. Tokens can be held in any wallet in the ERC-20 standard. The founding team has over 30 years of combined experience in the video streaming space. And it has as consultants Steve Chen, co-founder of YouTube and Justin Kan, co-founder of the Twitch games streaming platform
Tetha’s blockchain went through a fork in May and gave rise to Mainnet 2.0. And it announced that Google Cloud – Google’s cloud computing platform — will be one of Mainnet 2.0’s corporate nodes. The Theta.tv will also be available on Samsung Galaxy. The streams will be incorporated into the Samsung Daily interface, pre-installed on all new Samsung Galaxy S20 smartphones in the United States.
Disintermediation also in network privacy
Blockchain technology is already acting as a disintermediation agent in other areas. A platform based on this technology functions as a layer of internet privacy, called a mixnet. Developed by Swiss startup Nym, it promises to defend individuals from this constant surveillance on the Internet. It does this by hiding so-called metadata from network traffic on a blockchain with a bitcoin-like reward system, which guarantees project funding.