Theta Network will host a live stream on YouTube

Theta Network will host a live stream on YouTube on May 21st at 22:00 UTC. The session will feature the CEO, Mitch Liu, the CTO, Jieyi Long and the head of strategy, Wes Levitt

Theta Network will host a live stream on YouTube on May 21st at 22:00 UTC. The session will feature the CEO, Mitch Liu, the CTO, Jieyi Long and the head of strategy, Wes Levitt, who will outline current developments and respond to questions submitted in real time.

THETA Network is a specialized blockchain-driven platform designed for video streaming. It was launched in March 2019 with the goal of revolutionizing the industry by addressing issues like centralization, inefficient infrastructure, and high costs that negatively impact both viewers and content creators. The initiative has the support of industry veterans such as Steve Chen, the co-founder of YouTube, and Justin Kan, the co-founder of Twitch.

Their aim is to decentralize video streaming, edge computing, and data delivery to improve efficiency, reduce costs, and create a more equitable ecosystem for all parties involved in the industry. At its core, Theta runs on its own blockchain and employs a two-token system: THETA and Theta Fuel (TFUEL). This decentralization provides viewers with a better streaming experience, allows content creators to increase their income, and helps video platforms save on infrastructure costs while potentially boosting ad and subscription revenues. Users are rewarded for consuming content and sharing resources with TFUEL tokens, and developers can deploy decentralized applications (DApps) on its EVM-compatible Smart contract platform.

The THETA token plays a crucial role in the Theta network and performs various governance functions. Prominent enterprises such as Google, Binance, Sony Europe, Samsung, and others serve as Enterprise validators, assisted by a vast Guardian network of community-operated nodes. The platform’s open-source nature enables token holders to participate in governance, similar to many proof-of-stake (PoS) blockchain systems.