Source. Crypto info.com
What is Theta?
Theta uses its own blockchain systems to enable a decentralized video delivery network that is designed to incentivise the sharing of bandwidth.
Current video delivery networks don't have great reach in less developed countries, have to spend a lot to set up their services and suffer from too much centralization, causing failures and poor service. With the upcoming demands of 4K and even 8K video the current infrastructure is going to struggle to cope with increased bandwidth demands.
Theta is coming to the rescue by building a peer-to-peer network that enables the sharing of internet bandwidth, with a blockchain solution serving as an incentive layer (for payments and rewards within the ecosystem) to keep the delivery network at a steady high performance.