Hosting and sharing video content is a tricky business.
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. 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).
But it’s expensive to pay for a CDN. 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.
This is where Theta Network wants to make a difference.
What is Theta Network?
Theta Network is aimed at cutting the costs of operation for video streaming services like YouTube. It works by reducing the load on the content distribution network by putting some of it on Theta’s peer-to-peer network. 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.
Theta Network isn’t trying to replace YouTube or live streaming platform Twitch. Instead, it’s trying to provide new infrastructure for such businesses that’s not only decentralized, but far cheaper.