SIRIN LABS Token SRN to THETA THETA Exchange

Crypto Pair Details: SRN to THETA

SIRIN LABS Token SRN

Sirin Labs Token is a crypto token developed by blockchain development company Sirin Labs, and is a part of the SIRIN Labs ecosystem. Sirin Labs has been developing the first blockchain smartphone, and every product of this company is committed to using their own blockchain! They promote use of digital currencies and decentralization through SRN tokens. Sirin Labs was found in 2014. Solarin was their first project, which gained popularity as the most secure phone in the world. Though it was a success and was endorsed by famous celebrities like Leonardo DiCaprio, the company declared a layoff of about one-third of the staff by 2015. The reason they announced was developments in other fields. In late 2017, Sirin Labs announced the ICO (Initial Public Offering) of Sirin Lab Token (SRN) in order to give their operations a new direction. Now, they focus on bringing new technology for mass adoption. SIRIN Labs has a vision of creating open source and secure devices for mass adoption. The biggest problem SRN tokens face is convincing average users of smartphone that a high security phone is worth investing in! If SRN tokens follow the recent trends and other products by SIRIN Labs become a success, then that day is not away when SRN token will be one of the top cryptocurrencies in the world. SRN tokens have immense potential for development. Given that the smartphone market is one of their targets, there’s a large industry that’s being picked on as an audience for the technology.

THETA THETA

Theta is a decentralized video delivery network, powered by users and an innovative new blockchain. Theta is an open source protocol purpose-built to power the decentralized streaming network and will allow for vertical decentralized apps (DApps) to be built on top of the platform to enable esports, music, TV/movies, education, enterprise conferencing, peer-to-peer streaming, and more. SLIVER.tv’s DApp will be the first application built on the Theta network leveraging its existing user base of millions of esports viewers. DSN and the Theta protocol solve various challenges the video streaming industry faces today. First, Theta tokens are used as an incentive to encourage individual users to share their redundant memory and bandwidth resources as caching nodes for video streams. This improves the quality of stream delivery and solves the “last-mile” delivery problem, the main bottleneck for traditional stream delivery pipelines, especially for high resolution high bitrate 360° virtual reality (VR) streams. Second, with sufficient amount of caching nodes, the majority of viewers will pull streams from peering caching nodes. This significantly reduces content delivery network (CDN) bandwidth costs, which is a major concern for video streaming sites. Lastly, the Theta network greatly improves the streaming market efficiency by streamlining the video delivery process. For example, advertisers can target end viewers at a lower cost and reward influencers more transparently.The Theta blockchain introduces three novel concepts: Reputation Dependent Mining: In the Theta protocol, the caching nodes play the role of miners in the blockchain. The block reward is not a constant, but depends on the reputation score of the caching node that mined the block. To obtain more mining rewards, miners not only spend computation power to mine blocks, but also relay video streams to downstream viewers to increase their reputation scores. Global Reputation Consensus: We propose a mechanism for the Theta network to reach the global consensus on the reputation scores for each caching node. Proof-of-Engagement: We introduce a novel Proof-of-Engagement scheme to prove that viewers legitimately consume the video streams, providing better transparency to advertisers and a basis for viewers to earn Theta tokens for engaging with the content.

SOURCE: COINGECKO

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