What is Theta and Why Should You Know About It?

Theta is a hybrid cloud computing platform that enables video, 3D rendering, AI, and more on a fully distributed edge architecture. Theta uses the native token, THETA.

These crypto tokens are used to provide incentives to content creators, distributors and consumers. Theta aims to reduce costs, improve quality, and increase revenue for the video streaming industry.

What is Theta?

Theta is a “dual network” consisting of two complementary subsystems, namely Theta Blockchain and Theta Edge Network. Theta Blockchain provides payment, rewards, staking, and smart contract capabilities.

Meanwhile, Theta Edge Network is responsible for computing, storage, and delivery of video streams, AI tasks, and other scientific, simulation, and financial modeling use cases.

How Does Theta Work?

Theta hastwo native cryptocurrencies on the Theta blockchain, namely THETA. Staking and governance tokens, and TFUEL, which is used as gas for all transactions and smart contract interactions on the chain.

Theta Edge Network's next, Theta EdgeCloud, is the first hybrid cloud computing platform built on a fully distributed edge architecture, set to launch in late 2024.

Theta's Web3 infrastructure enables media companies to leverage revenue, user engagement and new Web3 business models.

Theta Video API and Theta Web3 Theater are developer-ready decentralized video APIs that offer significantly lower costs for transcoding, storing, and delivering video content. It is also supported by patented Digital Rights Management technology.

Theta blockchain also powers NFT marketplace ThetaDrop which partners with Katy Perry, Samsung, Sony, American Idol, The Price is Right, Taste of Home and other leading brands aiming to disrupt the digital collectibles industry.

Who Supports Theta?

Theta's validator network and corporate governance board are led by Google, Samsung, Sony, Creative Artists Agency (CAA), Binance, Blockchain Ventures, and other global leaders.

Strategic corporate investors include Samsung NEXT, Sony Innovation Fund, Bertelsmann Digital Media Investments (BDMI), and CAA. Theta also has support from Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.

How to Join Theta?

You can join the Theta community in various ways, such as:

• Become an edge node or guard node and share bandwidth, storage and compute to earn TFUEL rewards.
• Become a validator node and help secure and govern the Theta network.
• Uses the Theta Video API to create, edit, and distribute decentralized videos at low cost.
• Create and buy NFTs with DRM on ThetaDrop and interact with your favorite brands and celebrities.
• Follow the latest developments and news about Theta on their official website, blog and social media.

Theta is an innovative and ambitious project that has the potential to change the video streaming and cloud computing industries. With strong technology, partners and community, Theta deserves your attention as one of the promising cryptocurrencies in 2024. 

If you are interested in finding out more about Theta, you can visit their official website, or read a more in-depth article on CoinMarketCap or CoinGecko.

How To Buy Crypto From Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia and is officially registered with Bappbeti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH ), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Read also:

What is Blockchain 1.0? A Blockchain Starting Point

What is Blockchain 3.0? Blockchain Always More Up to Date

What Is Geotagged NFT?

What Is Ordinal Bitcoin NFT: Everything You Need to Know

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.