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As blockchain finds new, interesting use cases across the world, Theta Network is positioned to take the technology to video streaming. As cryptocurrency in general is meant to serve as an antidote to financial centralization, THETA provides a peer-to-peer method for maintaining streaming services. In doing so, it aims to disrupt the status quo across the streaming space and give creators more power over their content and earnings.
THETA is unique among blockchains due to the way it focuses primarily around video streaming and related services. The Theta Network uses a decentralized, peer-to-peer system for users to share bandwidth and other resources. This facilitates streaming that offers more power, independence, and earning potential to creators. The role of THETA is to operate as a governance token so users can enact change by democratic vote based on a stake in the currency. It relies on enterprise-level nodes powered by major backers, such as Sony Europe, while smaller community networks run validator nodes.
Overall, the goal of the Theta Network is to revolutionize video streaming by cutting out middlemen and gatekeepers. Centralized design on platforms like Youtube and Twitch has proven harmful to creators, with the companies siding with corporations over dubious copyright claims while taking most of the revenue those same creators generate. Cutting down these barriers and putting power in the hands of the community may help creators of all sizes flourish, especially small creators who no longer have to pay a cut to a centralized streaming platform.
Who created THETA?
Mitch Liu and Jieyi Long founded THETA in 2018 with the goal of revolutionizing video entertainment. Together, they have years of experience in gaming, virtual reality, and distributed systems development. While Liu is the one with entertainment industry experience, Long is a technical expert with numerous blockchain-related patents to his name.
Besides the founders, THETA also has a team of corporate investors, including the Sony Innovation Fund, and numerous venture capitalists based out of Silicon Valley. Elite advisors to the team include Steve Chen and Justin Kan, the co-founders of Youtube and Twitch, respectively.
How do I exchange and trade Theta Network?
If you already have THETA and want to trade it, then you need to set up an account on an exchange that carries the token and deposit your THETA in its wallet. After doing so, you can proceed to trade THETA for BTC, USD, or other currencies. If you do not have THETA, you can buy it on an exchange in this manner or earn it by sharing computing resources on the Theta Network. From there, you have the option of using it on the network or selling it on an exchange like Rubix.
Exchange THETA using Rubix
While there are many THETA exchanges to choose from, we believe that Rubix is the way to go. Our exchange incorporates high-speed, low-latency trading technology that helps you make trades with the best information available. Further, we support compatible trades between USD, BTC, ETH, THETA, and countless smaller cryptocurrencies. You can also count on the safety and security that we bring to the table with top-of-the-line encryption and monitoring services.
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