What is the difference between Theta and other blockchain networks?
Theta is a blockchain-based network that is designed to enable users to share video content and earn rewards for doing so.
The main difference between Theta and other blockchain networks is its focus on decentralized streaming. Unlike other blockchains, Theta does not require miners to validate transactions, instead relying on users to contribute their computing power in order to validate transactions. This makes it much more efficient than traditional blockchains, as it requires less energy and resources to run.
Theta also has a unique consensus mechanism called the “Proof of Engagement” (PoE) which rewards users for their engagement with the network. This means that users are rewarded for watching videos, sharing content, and engaging with the platform in other ways. This incentivizes users to be active participants in the network, helping it grow and become more secure over time.
Finally, Theta has a unique token economy which allows users to stake their tokens in order to earn rewards from validating transactions on the network. This helps ensure that the network remains secure and decentralized while also providing an incentive for users to participate in the network.
