Theta is a programme designed to encourage a global network of computers to run a decentralised video streaming service.
Today, content delivery networks (CDNs) are compensated to provide video streams to end-users. Existing CDNs can’t keep up with higher-quality broadcasts due to geographical constraints. Theta uses its worldwide pool of users for relaying videos using their spare bandwidth and computer resources.
As more people join the Theta network, more bandwidth becomes available, enhancing video streaming quality.
THETA is the Theta Network’s coin that Validator or Guardian nodes may stake in the platform.
Former VR live streaming developer Jieyi Long and mobile game founder Mitch Liu created Theta in 2017.
Investors who trust in the future of shared video streaming platforms may also wish to add THETA to their portfolios.
Theta coin is useful in the real world. A fixed supply of 1 billion tokens may build demand, which makes it a promising cryptocurrency.
In 2017, the Theta team launched a private token sale, generating the equivalent of $20 million by selling 30% of THETA’s 1 billion unit supply.
Theta is a native blockchain with an open-source protocol, which means that it, like Ethereum, enables developers and partners to create decentralised applications on the network. It is a decentralised, peer-to-peer video distribution network driven by blockchain technology.
There are 1,000,000,000 THETA coins in circulation at the moment, out of a total quantity of 1,000,000,000.
One can buy THETA from cryptocurrency exchanges, such as CoinSwitch Kuber.
Highlight: Theta uses its worldwide pool of users for relaying videos using their spare bandwidth and computer resources.
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Theta uses its worldwide pool of users for relaying videos using their spare bandwidth and computer resources.
100 Cr. THETA
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