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Theta Network

Currency in
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Day's Range
52 wk Range
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Day's Range
52 wk Range
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Strong Sell
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Strong Sell
Base:Theta Network
Second:US Dollar

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What is Theta?

Theta is a decentralized blockchain protocol that is out to revolutionize the video streaming industry. It allows users to share bandwidth and computing resources on its peer-to-peer (P2P) platform. This way, content is taken whole from the content or video creator and delivered to the user or consumer with few issues. With video streaming on the rise, Theta is seen as an answer for content creators who have long seen their revenues slashed by centralized platforms. Theta’s elimination of the middleman means content creators get to keep a large chunk of the income they make while improving the streaming experience for the end-user.

Where can I buy Theta?

Theta is available on popular crypto exchanges like Binance, Huobi Global, Kucoin, Gate.io, and others. To access or purchase the THETA token, you will need to register with any exchange that supports the digital asset and fund your account.

How to store Theta

Theta is stored in cryptocurrency wallets. Some wallets support the buying and selling of cryptocurrencies, and they can be physically handled, while others are mobile apps. Theta tokens can be stored on hardware wallets like Trezor, or mobile wallets like MetaMask, Trust Wallet, Guarda Wallet, and Atomic Wallet.

History of the Theta blockchain

Theta blockchain was conceptualised in 2018 by Mitch Liu and Jieyi Long and launched in 2019. Both founders are avid developers with a strong background in virtual reality, gaming, and large-scale distributed systems. Theta was created to address the bottlenecks in the video streaming and content delivery industries. The project’s proposition has since attracted the likes of the co-founder of YouTube, Steve Chen and Twitch co-founder Justin Kan. Theta has tech industry giants like Google, Samsung, Sony Europe, top crypto exchange Binance and blockchain firm Blockchain Ventures as Enterprise Validators.

How does the Theta blockchain work?

To enable a better video streaming experience, Theta uses three core components. The first is the Enterprise Validator Nodes (EVNs) that stake THETA tokens to validate transactions on the network. The second component comprises Guardian Nodes, which actively vet the transactions processed by the EVNs. This group of nodes ensures that no wrong entry is made before adding it to the blockchain. A final group is the Edge Node, which comprises users who share their bandwidth and computing resources to relay video streams on the network in return for the TFUEL token. Aside from this, the Theta blockchain is also a robust network that allows the development of decentralized applications (dApps) on its protocol.

What are the benefits of the Theta blockchain?

The primary merit of the Theta blockchain lies in its top-notch streaming solution. Many users cannot fully enjoy quality streaming services with more centralized platforms controlling the video streaming industry. Theta solves this by enabling anyone to increase the quality of any content by contributing their bandwidth and computing resources, thereby eliminating centralized control. The platform’s robust network makes it the ideal location to build dApps for more specific purposes.
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