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While Theta Network claims to be cheaper than centralized alternatives, it still has some costs attached-and this is why the Theta tokens are needed.
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Some of the video will be streamed directly from the site’s hosting platform, but you’ll also receive some of it from local peers using the Theta Network. If you’re trying to watch a video on a video streaming site that uses the Theta Network, you will receive the data in a combination of two ways. Instead, it’s trying to provide new infrastructure for such businesses that’s not only decentralized, but far cheaper. Theta Network isn’t trying to replace YouTube or live streaming platform Twitch. It’s a little bit like BitTorrent, where people share video content with each other, but it actually pays its users for sharing this content. It works by reducing the load on the content distribution network by putting some of it on Theta’s peer-to-peer network. Theta Network is aimed at cutting the costs of operation for video streaming services like YouTube. This is where Theta Network wants to make a difference. These services will typically charge for the amount of data being used, meaning that when a video streaming site becomes popular, its costs will rise. So video sharing websites will use multiple servers around the world so they can deliver the content much more quickly-known as a content delivery network (CDN).īut it’s expensive to pay for a CDN. The problem is, if the content is all stored in one place, it can be very slow for people around the world to access it. Hosting and sharing video content is a tricky business. Participants in the Theta Network are paid in tokens for sharing video content to other users.Theta Network aims to provide a decentralized infrastructure for video streaming that's cheaper than centralized alternatives.