Theta is defined as a Blockchain powered network designed for streaming video. In this article, as Kriptokoin.com, “What is THETA?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is THETA? What does THETA do?
The network’s native Token is THETA. Theta is known as a platform that decentralizes video streaming and is more cost-effective, efficient and fairer to users. Theta network operates on the Proof of Stake mechanism. It is also an algorithm that uses a multi-level BFT consensus for the sake of security of high transaction volume.
What is the purpose of the project?
The goal of the project; To provide management options within the network through THETA. It is also to be able to use THETA Token to radically transform the current state of the video streaming industry and different currencies on the leading exchanges. It is also desired to eliminate the negativities in user experience of the centralization, weak infrastructure and high costs factors that the video streaming industry has with its current state.
How does it work?
At the heart of the Theta platform is a network of mutually communicating nodes. These nodes connect the networks together. It then provides the backbone of the bandwidth sharing scheme offered by Theta. Also, Theta Blockchain allows nodes to be part of the network in the first place.
What are the usage areas?
THETA network allows users to watch video content simultaneously. It also allows them to earn Token rewards for being able to send videos to other users watching the content. Users voluntarily use spare bandwidth and computing resources to stream their video content to other users and earn Token rewards. Users can contribute to the network via any phone, computer, smart TV or mobile device.
What is THETA? How to buy?
Exchanges that can be traded with THETA at the moment; Binance, Gate.io, KuCoin, Huobi Global, Bithumb, Bitfinex and Bybit. To purchase coins, these steps are followed:
First, access the web/mobile application of the THETA listing exchange you selected as the first step. Then complete the account opening steps of the exchange. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. As the last step, select THETA Coin with the balance you want and create a purchase order. Store it in your trusted accounts.
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