With the advent of blockchain in our daily lives, many enthusiasts began to look for completely unique applications of this new technology, or began to transfer products we are already familiar with to the decentralized network.
One of them is streaming services and their main representative on the blockchain – Theta project. In today’s article, we will analyze what it is and highlight its advantages and perspectives. Also, we will tell you about theta token and the ways you can earn crypto on this platform.
What is Theta Network?
We think each of you at least once watched videos on youtube, was streaming on tvitch/trovo, but all of them are centralized platforms, which have a management and a platform policy. And it’s the management of the video service that takes most of the profits, not the content creators that make the site so popular. Even getting less, bloggers obey the rules of these platforms by censoring or reducing their content so they can simply post where the primary online audience is concentrated.
But what if a streaming platform has no administration, and all users and video bloggers are equal to each other, so everyone gets income equal to their merits? This is decentralization and so-called “freedom of speech”.
This is exactly what the Theta blockchain project does! The platform distributes remuneration among its participants – those who produce, consume and promote content.
What cryptocurrencies are in Theta Network?
There are two tokens in the Theta ecosystem:
THETA is a steaming token that provides network security and decentralized management. Its maximum supply is 1 billion tokens. Right now, its value is just around a dollar, so some crypto enthusiasts believe that now is a good time to buy THETA.
TFUEL is a digital asset used to pay transaction fees, reward participants and support smart contracts. Its maximum stock is 5 billion.
To summarize, Theta Network is truly a revolutionary platform that can unite creators and viewers around the world with its peer-to-peer platform. Where every user matters and is rewarded for their actions.
You don’t have to shoot content yourself and become a video blogger, you can benefit by distributing videos or helping other viewers by sharing the power of your device with them.
There are tons of ways to make money, and they haven’t been fully explored yet. So it’s a very good option to keep an eye on the project from the get-go. Theta is considered by many to be a promising money-making tool.
Also read: How Secure is MetaMask to Store Crypto?
