Getting to Know Theta Network: Blockchain for AI and Entertainment

Bittime - Theta Network is a decentralized cloud-enabled blockchain network for AI, media, and entertainment. The system consists of two main components: Theta Edge Network and Theta Blockchain, each of which has a specific role.

Theta Edge Network

Theta Edge Network is a decentralized network consisting of more than 10,000 global active nodes. The network offers extensive GPU computing power, reaching 80 PetaFLOPS, equivalent to 250 Nvidia A100s. The platform supports Theta EdgeCloud, which launched on May 1, 2024. With the support of the latest patent on the ‘Edge Computing Platform powered by Blockchain’, Theta Edge Network enables the community to participate in various computing tasks such as AI, video, 3D rendering, and gaming. This makes it one of the largest decentralized GPU computing solutions today.

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Theta Blockchain

Theta Blockchain is a multi-blockchain network compatible with EVM (Ethereum Virtual Machine). It supports complete smart contracts, enabling the development of Web3 applications such as NFTs, decentralized exchanges (DEX), and decentralized autonomous organizations (DAO). Theta Blockchain also has a unique consensus mechanism that combines Validator Nodes and Guardian Nodes to increase security and transaction speed. Validator Nodes, which include large companies such as Google and Samsung, propose and settle blocks, while Guardian Nodes act as supervisors.

What Makes Theta Network Unique?

Theta Network offers a dual token design. Theta Token (THETA) is a government token used for staking as a Validator or Guardian Node, while Theta Fuel (TFUEL) is an operational token for transactions on the network. With a fixed supply of THETA and TFUEL that increases annually, Theta Network ensures operational efficiency and incentives for participants.

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Theta Network Applications and Partnerships

Theta Network has worked with leading entertainment brands such as Lionsgate and MGM. This platform is also used in popular streaming events such as MetaCannes Film3 Festival and FuseTV. The Theta Video API, for example, allows developers to add decentralized video to their websites without a central server.

Conclusion

Theta Network is an advanced blockchain solution that powers decentralized AI and media ecosystems. With its powerful GPU computing infrastructure and support for smart contracts, Theta Network offers a wide range of opportunities for developers and users in an increasingly connected digital world.

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