Introduced in March 2019, Theta is a blockchain-powered network, seeking to create a global network of computers to operate a decentralised video streaming platform.
Source:© Inueng | Megapixl.com
Know Theta’s working
By offering spare bandwidth and computing resources, Theta’s network enables its global pool of users to relay videos and are also rewarded for the same.
It is pointed out that more bandwidth is available as more users join its network, thereby improving the quality of video streaming on the network.
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Moreover, it is also open-source software, thus increasing the potential for developers aiming to create new applications and services on top of it.
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What is the crypto’s price?
The Theta network boasts having two native tokens, namely, THETA and TFUEL. While the former is used for voting on changes to the protocol and performs various governance tasks within the network, the latter powers the internal economy.
At the time of writing, the crypto was trading at US$3.99 and its market cap is nearly US$4 billion.
At present, there are 1 billion THETA coins in circulation, and the maximum supply is 1 billion coins.
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What makes Theta’s network distinct?
According to its website, Theta aims to decentralise video streaming, data delivery, edge computing and increase efficiency, thereby saving significant amounts of money by cutting operating costs and making it fair for industry participants.
Further, apart from video, data and computing, the network enables users to launch DApps on its fully-featured EVM-compatible smart contract platform.
Bottom Line
Due diligence and caution are the ultimate mantras when venturing into the crypto world, which is marked by extreme volatility and price speculation.
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