Cryptocurrencies

Theta (Cryptocurrency)

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Theta is a decentralized video content streaming platform, powered by users and an innovative new blockchain.

Using a unique and innovative blockchain network, Theta is backed up by a team that holds more than three decades of experience in the video streaming space, including advisors such as Steven Chen Shijun, the co-founder of YouTube, and Justin Kan, the co-founder of Twitch.

Overview of Theta

The Theta Network utilizes an open-source protocol that is specifically designed to decentralize streaming services. The unique nature of the Theta Network blockchain will also allow for the creation of decentralized app layers that provide specific functions, such as peer-to-peer streaming, live sports broadcasts, education, conferencing, television and movies, and more.

Theta contains two sections. The first is its video conveyance network. This is shaped by hubs that join the network and contribute their bandwidth. This network is the thing that shapes genuine decentralized video delivery. The subsequent part is the Theta blockchain. This is for impetus purposes, to give a reason for participants to join the delivery network.

Theta token exists as an ERC20 token and doesn’t have any utility capacity. However, on March 15, 2019, when Theta advanced to its native mainnet, the tokens were traded 1:1 for the new Theta tokens, riding on top of Theta’s new blockchain. “Theta” blockchain fills in as an accord layer for installments and awards inside the environment.

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The blockchain will be open-source and the group trusts that designers will construct and convey their dApps on the head of the blockchain.

Once the ‘mainnet’ goes live, these new tokens will primarily be utilized for securing the Theta blockchain. Also, the team hopes that people will utilize the token as a method for paying and renumerating content creators, trading virtual products, and buying premium substances.

How to Buy Theta (Cryptocurrency)

How do I buy Theta (Cryptocurrency) Token?

While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoins or another cryptocurrency.

To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or Ethereum. Here’s more on how to invest in bitcoin.

Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies. Also, a growing number of online brokers offer cryptocurrencies, such as eToro, Webull, and Sofi Active Investing. Robinhood offers free cryptocurrency trades (Crypto.com is available in most, but not all, U.S. states).

The Author

Oladotun Olayemi

Dotun is a financial enthusiast who specializes in first-in-class financial content, including crypto, blockchain, market, and business, to educate and inform readers.