THETA THETA

Theta is a blockchain network that aims to become a new generation entertainment technology platform for streaming video content (similar to the currently popular streaming services - Youtube, Vimeo, etc.)
Theta as a sharing platform offers content such as e-sports, movies, TV series and music.

Theta is a decentralized, open-source blockchain network. This means it allows everyone to use the code in order to build applications on its network (the same way as developers build Dapps on Ethereum network).

Theta blockchain network also uses the peer-to-peer protocol.

It allows all users globally to use a network and relay content by offering their computing power and resources. By doing so, users who participate in content sharing will be rewarded in the THETA coin.

If Theta network has more users, it will have more bandwidth, which will automatically improve the streaming quality.

Theta network has two of its own cryptocurrencies. THETA coin is used as a native currency of the network and for voting on protocol changes within the network and the TFUEL for executing transactions.

There are currently 1 billion THETA coins in circulation. This is also the maximum number of THETA coins that can be found in circulation. This means that all THETA coins are already in circulation.

THETA strives to become the leading blockchain powered video streaming service with the highest streaming speed and content quality.

Despite immense technological advances, video streaming quality and loading times aren’t on par with viewers’ typically high expectations.

This is because video streaming platforms and content distribution networks are limited by their server locations. 

Current centralized video streaming platforms have geographically limited servers. As the demand for video streaming services is growing, centralized servers can’t keep up with the increased demand, which is why the content upload takes some time.

Theta seeks to solve this problem by enabling every user of the network to relay the content by using its computer power. If the network has more active users, there will be more bandwidth for video streaming and streaming speed.

Theta network protocol is a combination of Proof-of-stake mechanism and Byzantine Fault Tolerance. This means that Theta can’t be mined in the classic way like Bitcoin.

Users can get Theta tokens by locking a number of existing THETA coins in a pool. All the THETA coins in a pool are used for verifying transactions, creating new blocks. Also, users who "borrow" the power of their computer for better network functioning and creating bandwidth can also get a certain number of coins.

Theta was founded in 2017 by Jieyi Long i Mitch Liu. Mitch Liu is a previously co-founded mobile gaming and online advertising startups.
Jieyi Long is an expert in VR technology.

On the Bitcoin Store platform, you can easily buy THETA and more than 130 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification you can make a deposit (in HRK or EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet and you can start purchasing cryptocurrencies.

On the Bitcoin Store platform, you can easily sell more than 130 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, TrustWallet, Ledger, Treasury, etc., or on various trading platforms must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful you can sell your cryptocurrency. You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb and Split.

Verifying your identity via ID card is not required for all transactions up to HRK 15.000,00

In the exchange office, you can also make a deposit in cash directly to your Bitcoin Store account. The amount you deposit will be visible immediately and ready for your next cryptocurrency purchase.

You can store THETA in your digital wallet. When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

Cold Wallets include:

You can also store THETA on your own Bitcoin Store Wallet. The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can:

On 2022-05-24 the current THETA price/exchange rate is 1,176 EUR.