Theta Network to Conduct Scheduled Maintenance on April 15th
Theta Network is transitioning its Theta Video API (TVA) accounts and data to EdgeCloud. The migration process is scheduled to start on April 15th. As part of this transition, TVA will be put into maintenance mode for approximately 1-2 days starting from April 15th.
Refer to the official tweet by THETA:
Theta Network@Theta_NetworkApr 11, 2024Notice to current Theta Video API users! As part of the transition to EdgeCloud, Theta Video API (TVA) accounts and data will be migrated to EdgeCloud on April 15.
To complete this transition, TVA will be put into maintenance mode on Monday April 15 for approximately 1-2 days.…
THETA Info
Theta is a specialized blockchain-driven platform designed for video streaming. Launched in March 2019, it intends to revolutionize the video streaming landscape by addressing issues like centralization, inefficient infrastructure, and high costs that detriment both viewers and content creators. The initiative is endorsed by industry stalwarts, including Steve Chen, the co-founder of YouTube, and Justin Kan, the co-founder of Twitch.
Theta’s primary objective is to decentralize video streaming, edge computing, and data delivery. This decentralization seeks to enhance efficiency, reduce costs, and create a more equitable ecosystem for all stakeholders in the industry. At its core, Theta runs on its native blockchain. It employs a two-token system: THETA and Theta Fuel (TFUEL). The decentralization process rewards viewers with a superior streaming experience, allows content creators to boost their revenues, and helps video platforms save on infrastructure costs while potentially increasing ad and subscription incomes. Users are incentivized to consume content and share resources, with rewards dispensed in TFUEL tokens. Additionally, Theta supports developers aiming to deploy decentralized applications (DApps) on its EVM-compatible Smart contract platform.
The THETA token is integral to the Theta network, carrying out various governance roles. Prominent enterprises such as Google, Binance, Sony Europe, Samsung, and others serve as Enterprise validators, supplemented by a vast Guardian network of community-operated nodes. The platform’s open-source nature grants token holders governance capabilities, typical of many proof-of-stake (PoS) blockchain systems.