Today Theta Labs announced that Google Cloud has joined its Enterprise Validator Program along with Binance, Blockchain Ventures, and gumi. Google will now validate transactions on the public blockchain network and also becomes the preferred cloud partner. Theta runs a blockchain network for video streaming, compensating users with tokens to enable others to use their excess bandwidth to relay video streams.
As streaming video becomes higher quality, it uses more and more bandwidth. Getting that video widely distributed is costly. Content delivery networks help significantly, but some users still encounter buffering. And when content delivery networks have problems, because they’re centralized it impacts a lot of people. Improving quality, cutting costs and improving resiliency are the business solutions that Theta is aiming to offer.
Users who share their bandwidth earn tokens that can be used to compensate their favorite streamers, unlock premium content, and buy and gift virtual items.
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