The Theta Coin is a cryptocurrency that can be exchanged for other cryptocurrencies and fiat currencies. It has the goal of becoming the most widely used video delivery platform in the world, with a decentralized peer-to-peer network built on top of it. How do you get Theta coin? This article will answer all your questions about this exciting new currency.
How do you get Theta coin?
The easiest way to acquire Theta is by buying it through a cryptocurrency exchange that has listings for the coins. Once acquired, one can use their wallet address from the crypto exchange to send or receive funds with other people who have addresses on that specific digital currency network.
Alternatively, they could also buy and sell them using an online trading platform such as eToro – this method would involve taking possession of your private keys which are needed to access your account at any given time (as opposed to just having passwords).
This cryptocurrency has a few things that make it stand out from other currencies: firstly, they have their blockchain and focus heavily on video delivery as opposed to general payments or smart contracts.
Secondly, there is no mining – so all coins are created at the initial distribution event of when around half of the total supply was allocated to investors in an ICO back in December 2016 (the remainder being locked up for use in platform development).
Lastly, transaction fees are very low compared with many other cryptocurrencies because there are no miners involved and transactions happen automatically without requiring any confirmations.
What makes Theta unique?
The reason why people should invest in the Theta coin is because of its decentralized peer-to-peer network which is built on top of the blockchain. The video delivery platform they are trying to create has two major components: a content distribution layer and streaming services for end-users.
The first component, the content distribution layer, will ensure that all videos can be delivered at any time without interruptions or delays in between streams – there’ll also be no regional boundaries leading to geo-blocking (this means people from different regions will not have access to some content).
Streaming services for end-users involve providing high-quality video as soon as it’s requested by an end-user; this would come with low buffering times while still being able to run smoothly even when bandwidth might otherwise cause problems. This is achieved through their use of swarm computing and video coding technologies.
This cryptocurrency also has a strong focus on video delivery which makes it stand out from general payment currencies or smart contracts platforms such as Ethereum. They have their blockchain network dedicated towards this one specific purpose where transactions happen automatically without requiring any confirmations; furthermore, these charges can be kept low due to the lack of any miners involved.
Lastly, Theta Coin can be acquired in two ways either through a crypto exchange that has listings for the coins or through online trading platforms such as eToro – this last option would involve taking possession of your private keys and therefore is more secure (as opposed to just having passwords).
Another thing worth mentioning about Theta coin is how centralized it currently is: because there are no miners involved with transactions happening automatically without requiring confirmations, all validation and storage happens on their servers which means they have control over everything.
This may seem like a disadvantage at first glance but makes sense when you consider the fact that swarm computing techniques will ensure delivery speed will always be high even if bandwidth issues occur elsewhere later down the line.
3 reasons why Theta will dominate the decentralized video streaming world
– Content delivery is instantaneous: As soon as a video starts playing, it doesn’t have to go through the process of preloading which requires buffering – this means that users will be able to watch videos very quickly and without interruption.
– No regional boundaries for access: Theta’s decentralized peer-to-peer network doesn’t mean that people from different regions get blocked out or given restricted content due to their location; however, if you’re looking at some more mainstream channels such as Netflix then geo-blocking might still apply.
– Low transaction fees: Transactions on Theta may seem expensive when compared with many other cryptocurrencies but because there are no miners involved they can remain low.