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Theta is a decentralized video delivery network, powered by users and an innovative new blockchain. The Theta Network and protocol solves various challenges the video streaming industry faces today. First, Theta Tokens are used as an incentive to encourage individual users to share their redundant computing 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 4k, 8k and next generation 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.