Future and price of Theta currency
Theta digital currency is known worldwide as the THETA symbol. In theta currency, everything is determined by the users. This means that users can specify theta currency fees. Users can also contribute to the quality of the videos they share.
Due to the young age of the theta currency compared to other bitcoin currencies, many companies tend to choose THETA for investment. Samsung is one of the current investors in the theta currency.
Other large companies will be attracted to the theta currency to reduce the cost of video games and video publishing. Join us to offer everything you need to know about theta currency.
What is Theta Digital Currency?
The theta digital currency THETA shines among the digital currencies of Bitcoin. Theta currency decentralized digital currencies. The mechanism of theta currency is different from other digital currencies.
For example, the higher the quality of the videos, the more theta currency you will get. Of course, there are other ways to extract theta currency, which we will mention later.
Theta digital currency is one of the digital currencies that are open source. This means that people can easily expand this digital currency with another potential.
The main purpose of the THETA currency is to release video, and the two tokens THETA and TFUEL are the only tokens that have an impact on the theta digital currency.
Currently, Twitch video game streaming is one of the services with Theta. Samsung VR is one of the other THETA currency partner services.
What is Theta Network?
Theta Network is a platform. This platform is designed to provide content and tries to take an important step in the video streaming industry. Theta network infrastructure is decentralized. The most important advantage of the theta platform over centralized platforms is that it costs less.
The process of operating and earning money in theta is such that people will receive a fee for sharing videos with users of this network. It is not easy to explain how the theta network works in more detail because this process is complex.
The future of the theta network can be predicted. Reducing the operating costs of video streaming services such as YouTube will be possible in the future with a network.
Theta network will not stop YouTube. Because theta network only reduces YouTube costs and does not intend to replace it. Currently, the theta network is helping to reduce the burden of content distribution networks on the theta digital currency platform.
Getting a fee is one of the hallmarks of Theta Network, which sets it apart from BitTorrent.
Theta Currency History
The history of theta activity dates back to 2018. Jay Long and Mitch Liu are the two people who launched Theta Digital Currency. THETA has two founders.
Mitch Liu is the first founder of the theta currency. In contrast, Jay Lang is the second founder of THETA. Before Mitch Liu became the founder of Theta Currency, he had a game and video industry background.
This can be considered an important factor in how the theta works. Jay Lang has a similar experience to Mitch Liu. With his valuable experience in design and game automation, he was able to design a new cryptocurrency.
How does Theta work?
A network is one of the networks that will manage a large amount of traffic. In this network, several devices are used for simultaneous data transfer. Even if the activity of one of the devices is reduced or even stopped, there will be no effect on the transfer of information and data.
When a new device is added to this network, you do not see any negative impact. With its benefits for all users, the same grid is used to implement theta currency.
This network consists of anonymous nodes. Nodes are the same number of hardware, each of which is different. Also, these nodes are interconnected, and together they can increase the bandwidth of the videos.
For example, if you are one of these nodes, you will receive rewards in THETA tokens. If the number of nodes increases, the theta currency team has stated that 80% of video streaming costs will be reduced.
This is just one example of how theta works. Because other methods are used for the theta mechanism of action. For example, the theta currency has two layers of nodes.
In the first layer, there are a maximum of 20 nodes. In the next layer, several nodes are in the role of the guard. The task of the Guardian Nodes is to provide security for theta currency based on predetermined security channels.
Applications and properties of theta
Different cryptocurrencies have emerged in recent years. So the features and applications of these digital currencies have led to differences in their performance. THETA currency is no exception to this rule.
1- Theta Network does not charge for low-quality movies.
Theta Network can identify users who have access to low-quality videos. The network team has announced that users who access low-quality videos will not be paid.
The theta network is detected using a peer-to-peer process. So much so that the quality of the videos shared by people is very high; More money will be paid for them.
2. Theta provides a streaming movie streaming service
Typically, it would help if you had the expensive infrastructure to deliver content. In most cases, this infrastructure is expensive. On the other hand, Theta has patterns that can reduce the cost of this infrastructure.
3- Theta can improve the distributed reward system.
High and fair rewards are one of the important approaches to theta currency. The process is such that video viewers distribute fair rewards themselves.
In addition, the fair distribution of rewards by users also leads to lower costs for them. This is why a wide range of users can use theta and help improve the distributed reward system.
Extract and monetize theta currency
How to make money from theta is easy. In general, theta currency uses users’ Internet. When Theta Currency uses users’ Internet, its video playback quality increases for all users.
The relationship between the speed of the Internet and the amount of revenue extracted from the theta currency is direct. So the higher your internet speed, the higher the amount of theta extracted.
Keep in mind that only the Internet and its speed are important to monetize theta currency. Therefore, things like computer and laptop CPUs are not important in the amount of theta revenue.
Theta price
Theta prices are subject to change depending on supply, demand, and exchange. For example, if the demand for theta is very high, Theta prices will be bullish. If many people have theta and there is not much demand to buy it, the price of theta will not rise. Obviously, in the opposite case, the theta price also has a decreasing trend.
What is the future of theta currency?
To predict the future of the theta, we must refer to the development of the theta digital currency TFUEL. Theta Fiul digital currency is a native token in the theta network. THETA token is another native token in this network that has different uses and is not discussed here.
The TFUEL token price on May 17, 2021, was US $ 0.328050, and the trading volume was US $ 64,675,498. An ascent rate did not accompany this trend. However, it is anticipated that the future of the theta currency could be much better than it is now.
The future of digital currency can be viewed from another angle. Because theta is not stable, its price can change constantly. The change in the price of the theta means that its price fluctuates. Given this, it can be seen that the future of theta can not have a steady upward trend or a steady decline.
