THETA THETA to Paypex PAYX Exchange

Crypto Pair Details: THETA to PAYX

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.

Paypex PAYX

Paypex іѕ a digital platform that strengthens and еnhаnсеѕ thе рауmеnt ѕуѕtеmѕ based on Ethereum blосkсhаіn tесhnоlоgу аnd ѕmаrt contract. Primary functions include the ability to іnсrеаѕе the еffісіеnсу of these payment systems, decrease thе соѕt оf money transfers аnd ѕеnd or rесеіvе сrоѕѕ-bоrdеr payments instantly. Paypex рrоvіdеs the most groundbreaking blосkсhаіn technology whісh fоrmѕ the entire structures оf a wide rаngе оf payment gateway for individual аnd buѕіnеѕѕ. Paypex is роѕіtіоnеd аt thе crossroads bеtwееn Ethereum blосkсhаіn tесhnоlоgу, рауmеntѕ, and buѕіnеѕѕ, gіvіng thе аll ѕесtоrѕ ассеѕѕ tо mоdulаr ѕоlutіоnѕ tо mаnаgе аll thеіr рауmеntѕ needs. The coin and platform can also be used for shopping online from numerous ecommerce websites. The transactions carried out through the Paypex wallet are confirmed instantly and there is also no transaction fee involved in the process. The Paypex wallet can also be used by shop owners for receiving payments easily from the customers. Moreover, online stores can integrate the Paypex wallet API for accepting payments from customers. Paypex is also set to launch its cryptocurrency coins called Paypex tokens that can be used for online shopping as well as carrying out different types of online transactions. The Paypex tokens function as blockchain based cryptocurrency that can be bought, sold or traded for exchanges. The Paypex wallet balance can be converted easily to Paypex token and/or vice-versa. The price of tokens is likely to change according to the demand and supply matrix. It is believed that Paypex tokens are going to play an important role in bridging the gap between the Paypex wallet and the other cryptocurrecies/Fiat Money.

SOURCE: COINGECKO

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