Theta Network

The Theta Network was founded by Mitch Liu and Jieyi Long. It is not explicitly stated in the provided information, but the background on Theta Network indicates that it was founded by these two individuals.

Theta Network employs a multi-faceted approach to security: It uses a modified Byzantine Fault Tolerance (BFT) consensus mechanism, which requires a two-thirds majority to validate transactions, reducing the risk of malicious activities. It has a unique dual network structure, with the Theta Blockchain providing payment, reward, staking, and smart contract capabilities, while the Theta Edge Network handles compute, storage, and delivery tasks. This distributed architecture reduces central points of failure. Participation in the network as a validator is managed by an enterprise validator and governance council that includes leading global companies, ensuring diverse and robust oversight of the network.

Theta Network is tailored for the video, media, and entertainment sectors, with the goal of reducing content delivery costs and providing a cost-effective solution for developers and businesses in these industries. Some key use cases include: Video streaming and delivery, powered by the Theta Edge Network. AI task processing and other data-intensive computations. The ThetaDrop NFT marketplace for digital collectibles, partnering with various brands and personalities. Providing Web3 infrastructure solutions like the Theta Video API and Theta Web3 Theater, offering decentralized video services with reduced costs.