What is Theta

Theta (THETA) is a blockchain-powered network purpose-built for video streaming. The protocol operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is advised by Steve Chen (co-founder of YouTube) and Justin Kan (co-founder of Twitch). Theta features its own native cryptocurrency token "THETA" which performs various governance tasks within the network. It counts parties like Google, Sony Europe and Samsung as Enterprise validators. Theta states that the project aims to shake up the video streaming industry in its current form: centralization, poor infrastructure and high costs. Meaning that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and the end-users. You can safely and reliably buy and sell THETA on LiteBit.