As the cryptocurrency market continues to grow, diverse ALT coins are popping across the market. While a few have attracted attention, one particular coin seems to outperform the lot; THETA. Many are quick to make investments in Theta in the bid to expand their resource bandwidth or earn from it.
Cryptocurrency is playing a massive role in the digital advancement of the world. People have seen this and are switching to it. With time, the few left may be forced to switch or may be left out of its benefits.
Many cryptos have emerged, and one may be forced to ask, what and why Theta?
We feature five reasons why Theta crypto is a good investment and valuable information as an investor or a user.
What is Theta Crypto?
Theta crypto is the only decentralized blockchain that allows high functionality on video streaming platforms. This blockchain has an end-to-end design. It helps video systems reduce costs on content delivery networks while its users stay in charge. It was designed to solve technical and economic problems in the live-streaming sector.
How does Theta work?
Theta tokens govern the Theta network and offer hosts of functionalities to its users. It is used as a validator when staking. 1,000,000,000 Theta tokens have already been distributed. This is the entire amount the platform aims to utilize.
TFUEL is Theta’s utility token in the network, and they are used for numerous purposes. However, TFUEL serves as an incentive for users who share their bandwidth or relay nodes. This is its primary function in the ecosystem.
From the name, one can deduce that this is a viewing service. Theta.tv is the primary streaming platform of the network. But it allows its users to share their videos. Rumors have it that the Theta software might have access to over 70 million devices soon. This is if they successfully collaborate with Samsung.
The user interface of the Theta wallet is friendly and easy to navigate. It supports accessible communication with other coins, and it leverages Ethereum security. Meaning it is highly secure.
Here are five reasons why Theta crypto is a good investment
Most of the time, people who have access to diverse bandwidths don’t need them. And the ones who need them have limited access to them. But with this new cryptocurrency, you can comfortably share your bandwidth with those in need of them. Theta allows you to share your bandwidth access with other people within the network while you earn.
Susannah Streeter, an investment analyst in her interview with The US Sun believes that Theta aims to encourage the use of new platforms. Platforms in video streaming and delivery service. It will help them share excess device capacity or bandwidth. She also stated that users could put forward their spare bandwidth resources in return for TFUEL tokens.
Access To Global Data
In recent times, there have been worldwide limitations to the access of social data. To bridge this gap, Theta provides access to essential and reliable social data and video content. Unlike other cryptocurrencies, Theta doesn’t have pending tokens. Instead, it has about a billion token marks.
Access to reliable social platforms
Theta is an open-source scheme that provides diverse media resources to its users. It has secured access to music, movies, and other peer-to-peer streaming platforms. So its users can access large and reliable social platforms.
Collaboration With The Ethereum Dapp
Theta makes your cryptocurrency experience even better. It allows you to use the Ethereum Dapp ecosystem to simplify your experience. The collaboration with Ethereum is one reason why one can consider Theta.
Since Ethereum is the most secure Dapp system, Theta will gain the trust of other notable technologies. With this, Theta can be considered more efficient and secure crypto. Ethereum will also boost the quality of stream delivery.
Interactivity and communiqué features
Theta was laced with interactive and communiqué networks, which create room for diverse, decentralized apps (Dapps). These features are unique toolsets that make Theta exceptional crypto to venture into. This has also influenced its ranking on different platforms.
Top Theta Partnerships
Here are the top Theta partnerships you should know.
- KardiaChain partners with Theta network to incorporate live streaming on the blockchain.
- Google is Theta’s number one cloud provider.
- Theta is a sponsor of Binance’s tournament –The Battle of Asia 2020.
On a podcast with Kate Herman, a German analyst at Mootley fool, Bernd Schmid, said that Theta is a big case in the cryptocurrency sector. ‘This could be bigger than YouTube. Maybe big enough to replace Google or YouTube data centers in the nearest future, he says.
Theta is leading the content delivery sector with its decentralized platform. If it continues to gain more partnerships, it will become globally adopted. Theta may be the future of life-streaming.