Theta Biweekly Update 26-10-2019
Paradigm Fund

Theta Network: Partnership with DLive, Featured at the Samsung Developer Conference to demo integration in Smart TVs, Live Network Statistics

Biweekly update 11th October — 25th October.

Dear Theta followers, we’re thrilled to write about an exciting Theta’s partnership with DLive, the upstart live-streaming platform that has grown to more than 5 million monthly users in its first year of operation! The partnership will begin with Theta’s peer-to-peer streaming protocol being incorporated into the DLive video platform on both desktop and mobile devices, allowing DLive users to relay video on the Theta Network. Read more about the Theta protocol’s integration into the DLive streaming platform in our report below. To take the Theta blockchain to the next level, the team thinks they must give the Theta community the tools to innovate and build upon their foundation. The community needs to govern the Theta blockchain with Guardian Nodes in addition to the Enterprise Validator Nodes, create new Theta use cases with full smart contract support, and have a robust block explorer with real-time analytics to monitor the blockchain. Altogether, these community-focused updates make up Theta vision for the next phase of its growth — Theta Mainnet 2.0. If you want to see the Theta Network live in action, you can check out the distribution of Pre-Guardian Nodes, Edge Cachers, and Enterprise Validator Nodes in real-time at Theta website! At the time of writing, there are 800 Pre-Guardian Nodes / Edge Cachers and 8 Enterprise Validators. As for upcoming events, after successfully testing the Theta protocol in smart TVs like the Samsung QLED 4K Q70, Theta Network has been chosen as a featured project at the Samsung Developer Conference (SDC) in San Jose! Since July the team has been working with Samsung’s Visual Display division to enable Theta video delivery in Samsung TVs, and now with SDC coming up on October 29ht–30th, the team is finally ready to display the progress to the public. If you are attending SDC in person, be sure to stop by the Samsung Visual Display area to check out Theta live demo. Dear Theta fans, as the team moves toward the release of Theta Mainnet 2.0 in Q1 2020, they’ll be increasing their global marketing with a series of Theta meetups, blockchain conferences, and other initiatives to raise awareness. The “Road to Theta Mainnet 2.0” campaign will showcase innovative features of the Theta blockchain and how it will achieve mass user adoption to the broader community, so stay tuned for more details this fall!

Development

GitHub metrics:

THETA has 8 public repositories and 15 private repositories. Overall, the Project has frequent commits to the collection of repositories.

Developer activity (from Coinlib.io):

Announcing Theta Mainnet 2.0:

Why is the team creating the Theta blockchain?

The team’s long-term vision for the Theta Network is a decentralized end-to-end protocol for processing and delivering data, not just video but all types of data. Decentralized data delivery, at the edge, powered by you. That vision encompasses three main components that are to be powered by Theta edge nodes, run by the community:


Data Delivery
 — Initially focused on video delivery, and implemented on SLIVER.tv and multiple other video platforms coming soon. But the scope of decentralized data delivery goes beyond video into file updates, game patches, OS and app updates, web content, and any other form of data delivery.

Data Storage — As Theta expands from livestreaming applications to Video-on-Demand (VoD), app updates, and game patches, it becomes necessary to have a decentralized solution to data storage. Theta nodes can cache the most in-demand live and static content and files to ensure they are able to contribute to the network and earn TFUEL.

Data Encoding — By allowing Theta nodes to perform ingest/encoding of raw video and data as close to the source as possible, particularly for live events (professional sports, concerts, conferences, for example), the Theta Network will truly become an end-to-end solution for video and data. Building out this functionality is a natural extension for the Theta team, based on the team’s experience encoding live VR events in 2016 for SamsungVR, Intel IEM, ESL, and others.

For performing each of these three services (or all three at once), users earn TFUEL as a reward, incentivizing them to support and grow the Theta Network. If you are one of the 2,690 users running the PGN / Beta Edge Cacher client now, you are part of the very beginning of this edge network encompassing end-to-end data transfer. Contributing your excess bandwidth to SLIVER.tv is just the beginning!

Live Network Statistics:

September 27th, 2019

You can now see the distribution of Pre-Guardian Nodes, Edge Cachers, and Enterprise Validator Nodes in real-time at thetatoken.org ! Scroll down to “Live Network Stats”, which will update each time you refresh the page.

Pre-Guardian Nodes / Edge Cachers: 800

Enterprise Validator Nodes: 8

For information on Theta Guardian Nodes and how to join, see the announcement blog.

Social encounters

Upcoming events:

Theta Network featured at the Samsung Developer Conference to demo integration in smart TVs:


October 29ht–30th: 
Theta Network has been chosen as a featured project at the Samsung Developer Conference (SDC) in San Jose! Since July the team has been working with Samsung’s Visual Display division to enable Theta video delivery in Samsung TVs, and now with SDC coming up on October 29ht–30th, the team is finally ready to display the progress to the public. If you are attending SDC in person, be sure to stop by the Samsung Visual Display area to check out Theta live demo.

The live demo of Theta in Samsung’s smart TVs is focused on how video streams can be efficiently shared between multiple Samsung devices including TVs and desktop PCs. Samsung and SLIVER.tv content will be shared within their peer-to-peer network, demonstrating their vision of an any-device network sharing data using the Theta Network. The demo will also highlight the flexibility of the Theta protocol, featuring video streams in HLS and DASH formats, in both Full High Definition (1920x1080P) and Ultra High Definition (3840x2160P), and both livestreaming and Video-on-Demand use cases. This flexibility is key to the Theta protocol being compatible with as many devices and content providers as possible.

Because the hardware in these smart TVs is specifically designed for video streaming, integrating Theta to augment some of the applications for operating in a mesh network was a logical step to take. Most TVs these days are basically mini computers and can handle all types of entertainment the average person may use a computer for: browsing the internet, watching movies, or even playing games.

It’s now standard for TVs to come with at least 2GB of RAM, 1.5–2GHz of CPU with quadcore or octacore processors, and at least 16GB of local storage disc space. Not to mention, the custom-made processors that are manufactured specifically to support rendering crisp 4K or 8K picture quality. And because the Theta native core is not compute-intensive, running it on TVs with these specs is totally seamless. TVs can become relay nodes that are effectively on the edge of the network, and onboarding hundreds of thousands to millions of these devices could significantly bolster Theta’s network capacity.

While the team’s work with Samsung is early, the potential is enormous — imagine if anyone with a Samsung TV in their living room could be earning tokens passively by sharing bandwidth with nearby users? This is the kind of easy-to-use, intuitive use case that can bring blockchain technology to the everyday consumer and lead to mass adoption. The team’s work continues to develop this into a production-ready implementation that can be used in all smart TVs.

It’s a big step toward Theta vision of 100s of millions of connected devices worldwide participating in Theta’s decentralized data delivery network, and earning TFUEL for their network contributions. Later this week the team will release a preview video of the Theta — Samsung demo, then next week it’s showtime at SDC! If you can’t make it in person to San Jose, be sure to follow Theta Network on Twitter to catch their video highlights throughout the conference.

Finance

Information from Coinlib.io:

Network

SLIVER.tv statistics (October 25th, 2019):

The information is taken from Similarweb.com.

Roadmap

An updated Theta Roadmap:

Q4 2019

  • Guardian Node selection and launch on testnet

Q1 2020

  • Theta Mainnet 2.0 goes live with Multi-BFT consensus mechanism and growing number of enterprise validator nodes

Q2 2020

  • Beta launch of decentralized data storage

H2 2020

  • Release of generalized Turing-complete smart contract support

The most significant change from the previous Theta roadmap is extending the launch date of Guardian Nodes, which they know the Theta community is eager to run, but the process for the first users to get onboarded will happen shortly. In Q4, they will release the full Guardian Node software for use on Theta testnet, and a small group of users (likely starting with 100 nodes, with a second batch of 100 to follow a few weeks later) will be able to run these nodes that will fully participate in Theta’s Multi-BFT consensus.

These Guardian Nodes on testnet will generate Theta Fuel (TFUEL) at the normal rate they will on mainnet (initially, new TFUEL generation at 5% annual of total supply). For any TFUEL a user earns by running a Guardian Node on the testnet, they will get the same amount of actual TFUEL on the Theta mainnet, even during this testing period before Guardian Nodes move to mainnet.

It is extremely valuable to have real users testing the Guardian Nodes, both to test the software and evaluate user behavior. To do that the right way, users need to have real economic incentives!

The final criteria for selection of the first 100 Guardian Nodes to participate on testnet will be released shortly. The most likely process will be to start with all the PGN participants who meet the hardware requirements to run a Guardian Node and have staked the minimum 100K THETA. Then, both the number of THETA staked and uptime history will be weighted to get to a final ranking of the top 100.

The team is still fine tuning that formula to ensure it is as fair as possible and will share that soon. Note — since the PGN has only been released for Windows, they will reserve a portion of the spaces for Mac/Linux users out there! Also, remember that just because you are selected in the first 100 doesn’t mean it’s permanent; you do still need to be a responsible and consistent Guardian Node, and if you are included in the first 100 and run the node unreliably or maliciously on the testnet, your node will be removed from the Guardian Node set and another user will get the chance to step up.

Check out the latest updates on TFUEL integration with SLIVER.tv at the TFUEL streaming roadmap — this will continue to be updated as new features are completed and added to roadmap.

SLIVER.tv Roadmap:

Partnerships and team members

Theta Network partners with DLive to bring decentralized video streaming to over 5 million users:

San Jose, CA, October 10th, 2019 — The Theta Network will soon be incorporated into DLive, the upstart live-streaming platform that has grown to more than 5 million monthly users in its first year of operation. Theta Network, the leading blockchain video infrastructure protocol, will work with the DLive platform to enable peer-to-peer video relaying of DLive video content.

DLive is preparing to take on YouTube and Twitch with a decentralized, collectively-owned video content distribution system to more fairly compensate content creators. DLive has seen explosive user growth since adding PewDiePie to its roster of streamers, with 5 million monthly users and growing across both desktop and mobile, and concurrent viewership has reached as high as 200,000 users for top streams. But major user growth comes with new challenges in scaling a video platform.

“The DLive platform has grown tremendously in 2019, but with that comes fast-rising content delivery costs,” said Wilson Wei, CEO of Lino, the blockchain protocol where DLive is built on. “By adding Theta Network to DLive’s video infrastructure, DLive can reduce those costs by 50% or more, making DLive platform growth more sustainable. This is how we can grow from 5 million to 50 million monthly users, and we’re excited to explore long-term strategic opportunities between Lino and Theta.”

The partnership will begin with Theta’s peer-to-peer streaming protocol being incorporated into the DLive video platform on both desktop and mobile devices, allowing DLive users to relay video on the Theta Network. Further collaboration is also in the works, such as content syndication between SLIVER.tv and DLive, cross-promotion and other ways to incentivize and benefit e the combined 8 million users.

“We’re thrilled to introduce the Theta Network to DLive’s 5 million users and bring decentralized video streaming to a mass audience,” said Theta Labs CEO Mitch Liu. “This partnership marks a major milestone for the Theta Network, making us one of the most widely utilized and adopted blockchain technologies of any industry. The DLive team shares our long-term vision to transform the media and entertainment industries through decentralized technologies, we’re looking forward to a great partnership.”

Rumors

Twitter

Social media metrics

Social media activity:

Social media dynamics:

Theta community continues to grow. However, there is a slight fluctuation in the number of subscribers of Theta social media channels these weeks.

Official Telegram group — Discussions on price, possible partnerships, etc.

Facebook — 15–25 likes per publication, 1–5 shares.

Twitter — The average number of retweets is 35–40 for one post.

Bitcointalk.org — since November 23rd, 2017. Discussion on mainnet launch, price, roadmap.

There is a slight growth in Theta community over time. The graph above shows the dynamics of changes in the number of Theta Reddit subscribers, Twitter followers and Facebook likes. The information is taken from Coingecko.com.


This is not financial advice.

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Paradigm is a family office fund investing in cryptospace since 2013 with track record including investments in such ICO projects as Ethereum, Tezos, Icon, 0xproject, Aion and many others. They are a group of industry experts and crypto enthusiasts, PhDs and graduates from the top universities with experience creating successful startups, trading on traditional financial markets and, of course, blockchain.

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