Beginner Guide To Theta Coin
Video content is gaining momentum and is considered the most convenient and popular among users. Most of all information on the Internet (about 67%) is watched in video files. And this multi-billion dollar industry is expanding fast enough.
However, the existing structure that distributes video content is not entirely satisfying to users: it leads to slow download rates, cheap content resolution, extraordinary transportation expenses, and ultimately limits the flow of profits to video content creators.
With the advancement of technology, video is served with higher definition and higher resolution, so the situation may become even more complicated. Theta Token will revolutionize how video can be distributed over the network using the unique decentralized nature of the blockchain.
What is Theta Token for?
Theta’s purpose can be explained in a couple of sentences. The project team is working to improve online video production most effectively. Now, transferring video material to different parts of the world is not the cheapest thing to do. Theta Network will be organized as an end-to-end decentralized system for streaming video delivery at a minimal cost.
Theta Labs, a subsidiary of SLIVER.tv, is committed to launching an initial coin offering that will assist to build a decentralized peer-to-peer system.
Features of the project
Theta platform is specifically designed to decentralize streaming services. It is open-source, which indicates that the project is open to all developers and partners.
Theta Token, the internal cryptocurrency of Theta Network, is integrated and supported by some of the most widely used trading platforms in the cryptocurrency market, such as Huobi, where you can convert bitcoin to theta.
The platform is building a distributed streaming network on which Huobi token functions will serve as a reward and incentive mechanism to encourage all stakeholders to use DSN.
It is a unique all-in-one solution for decentralized live video streaming. It provides technical incentives for all users participating in the network. The more people can join the system, the more people can use Theta Token.
Here are some of the features that make Theta the best video streaming platform:
- complex decentralized video distribution;
- Dapps support for entertainment, broadcasts, films, enterprises, conferences, training, etc.;
- Theta Blockchain – protocol and ERC20 compliant token;
- existing platform with 1M MAU.
The launch of Theta Token was highly anticipated due to the involvement of Youtube co-founder Steve Chen and Twitch co-founder Justin Kahn as advisors. Both platforms, which are valued at billions of dollars following the acquisition of Google and Amazon, are on the ultimate side of supplying video for digital content creators, gamers, bloggers, musicians, and more.
Theta is also being invested by many tech giants, most notably Samsung and Sony.
Where can you buy and store tokens
THETA is listed on cryptocurrency exchanges:
Basically, the token can be exchanged for ETH, BTC and USDT.
Since THETA is an ERC20 token, it can be stored on Ethereum wallets. The cryptocurrency does not yet have its storage.
Theta Network is one of the largest recent blockchain-based projects supported by the largest investors:
- viewers will be ready to earn prizes in the form of Theta tokens;
- great condition, smooth video streaming;
- reduction in the price of distribution of video streams.
If the network can become successful and in demand, it will attract the biggest content owners like Amazon, CNN, Netflix, and more. Perhaps Theta can revolutionize the world of video streaming.