What is Theta
¿What is Theta?
Theta is a decentralized platform for p2p video transmissions, structured in blockchain technology, officially launched in 2018.
This network seeks to streamline its process when transmitting, creating and consuming online videos.
Likewise, it gives users’ computers access to communicate, taking advantage of their unused bandwidth, reducing the cost and improving the quality of the transmissions.
¿What does it offer?
Theta offers free material that requires high bandwidth such as movies and live broadcasts.
This network enables live recording, caching, and real-time video encoding to users worldwide, through a P2P network run by many community members.
¿How does it work?
Theta works, under the proof of stake consensus, this consensus mechanism requires less energy consumption, hardware and in turn less duration for the validation of transactions than the proof of work.
This allows any user to perform the caching node function without the burden of expensive hardware.
Theta has structured a pool of micropayments instructed to the resources, used to solve scalability difficulties.
Likewise, it implements a “compromise test” that monitors the delivery of the video sections
Subsequently, the provision and collection of network fees is managed by means of smart transmission contracts, which is a special form of smart contracts on the Theta token blockchain.
¿How is it regulated?
Al ser una red descentralizada no hay ningún ente financiero que lo regule.
¿Why do people use Theta?
People use Theta, since it is one of the content creation platforms, which generates money through subscriptions and advertising, due to the fact that mediators or intermediaries are eliminated.
Likewise, it has more freedom when publishing content.
¿How is Theta different from other platforms?
Unlike other platforms, theta tends to improve its reliability as it wants to solve the security gap issues faced by centralized platforms due to connection architecture.
Finally, one of the most prominent problems of this platform is that the native token was not publicly open, this has generated a high level of centralization when initially distributing the Theta token.
¿Where can i buy it?
One of the ways where you can buy THETA is through Binance as it has a large tradable variety in the trade, you can exchange a cryptocurrency, fiat cryptocurrencies or just use a debit or credit card to buy the stablecoin, deposits are also allowed banking.
https://www.binance.com/
¿Where to find more information?
For more information such as movements, prices, explorers, contracts and more you can visit the following link: https://coinmarketcap.com/
¿Did you know that you can buy and sell USDT and BUSD online thanks to Gastcoin Gateway?
