Theta (THETA)

Theta is a novel decentralized video content delivery network based on blockchain technology. It is designed to improve video streaming quality and reward those who offer their computing resources for improved video delivery. When it was founded in 2018, the team set out to increase global access to live video streaming by reducing the infrastructure required. Many people in developing countries are cut off from enjoying streaming services because of the high cost of connecting remote data centers to end-users. The Theta team also sees the current infrastructure as inadequate for the increasing bandwidth demands for streaming 4K, 8K, and VR content.

Theta (THETA) To USD | THETA Conversion Calculator

What is Theta (THETA)?

Initially, the Theta coin was minted as an ERC-20 token to preview the Theta platform and the asset’s capabilities. However since the launch of Theta Mainnet 2.0 on May 27, 2020, the original tokens have been swapped for new tokens with transactional value. Presently, the Theta token’s total circulating supply is over 870 million with a supply cap at 1 billion. While the Theta token cannot be mined, it can be purchased at many major exchanges using either Bitcoin or Ethereum.

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About Theta (THETA)

The Theta token’s function is to reward consumers and network node providers for sharing resources and helping to boost the platform’s performance level. On the Theta platform, viewers can use tokens to reward video content creators without any intermediaries, which in turn makes it easy for content creators to be rewarded for their efforts without depending heavily on advertisers or hosting sites.