Why Buy Theta (THETA)?
Opting to buy Theta (THETA) could be your smart move if you aim to hold the token of a Web3 content creation application. A key theme in the new internet era is ownership and fair redistribution of rewards and intellectual property.
Theta benefits the three leading players in the video sector: viewers enjoy uninterrupted high-quality streaming, content creators monetise more effectively, and platforms save on CDN and infrastructure costs. Theta blockchain tokens are twofold: THETA and TFUEL (formerly Gamma). Another compelling reason to buy THETA is its role as the governance token of the protocol. Validators can also stake it to contribute to block production. The network’s consensus mechanism is Proof-of-Stake, bolstered by Byzantine Fault Tolerance, making Theta resilient to inactive or malicious nodes. TFUEL, on the other hand, serves as a staking reward and is used for on-chain operations as a “gas token.”
What is Theta and its Origin
To make an informed decision on buying Theta (THETA), understanding its origins is crucial. Theta was founded by Mitch Liu and Jieyi Long, launching in 2018 with an Initial Coin Offering. Initially, the token was ERC-20 based on the Ethereum network. However, in 2019, THETA tokens transitioned to native Theta blockchain tokens. The platform boasts a team of about 20 people, supported by a large group of advisors, including YouTube co-founder Steve Chen, Twitch founder Justin Kan, and Rakuten Viki’s director of product.
Theta, harnessing blockchain technology, enhances the security and performance of digital streaming. It addresses issues arising from the total centralisation of streaming infrastructures: saturated servers, clogged bandwidth, and scant financial recognition for authors and artists. This negatively impacts user experience. Thus, Theta proposes replacing content delivery networks (CDN), burdened by internet traffic, with “decentralised peer-to-peer video delivery” nodes. This network relies on a new blockchain-powered by the users themselves.
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