ThetaNetwork coin price, what is Theta Network is a most popular cryptocurrency in world with less fees taker for transaction also how to mine Theta Network? how to buy Theta Network? & how to use Theta Network ?. Also latest news on coin & circulating supply on market with market capitalization.
- Market Cap
What is Theta Network?
Theta is one of the most popular cryptocurrency in the world. Theta is founded by Mitch Liu in the year 2017.Theta stands 22nd position in the current cryptocurrency market. Theta has a market capitalisation of a 29,869Cr,with a circulating supply of 100Cr.THETA.Theta is a decentralised video streaming network powered by block chain.
The network aims to solving inefficiency of a centrelised network that include low content quatity,accessive data needs inefficient revenue model for the creators. Theta is the native token of the network that perform various governance tasks. Theta network is aimed at a cutting the cost of operations for video streaming service like You tube.
It works by reducing the load on a content distribution network by putting some of it on Thetas peer-to-peer network. It is a little bit like Bit-torrent where people share video content with each other, but it actually pays it’s user for sharing this content.
Notably, THETA board of advisor includes stevechen, You tube co-founder, Justin kan, twitch co-founder, and Rakuten Viki and CJ, Hello, senior executives from Verizon. Theta team held a private token sale in 2017, rising the equivalent of 20Million by selling 30% of the 1 Billion unit supply of its Theta cryptocurrency.
Theta network isn’t trying to replace You tube or live streaming platform twitch. Instead,its tryng to provide new infrastructure for such businesses that’s not only decentralised, but for cheaper.if your trying to watch a video on a video streaming site that uses the Theta network ,you will receive the data in the combination of two ways. Some of the video will be streamed directly from the sites hosting platforms, that you will also receive some of it from local peers using the Theta network.
How to mine Theta Network?
If you are looking to mine Theta Network, keep in mind that before you do so, invest some time into researching if your setup will actually generate you any profit. Theta network price can fluctuate & the amount miners also place the great deal in your chances of making profit. Hardware that would be most powerful for mining would be ASICS which are unfortunately now a day extremely pricely.
Mining profitability chat can show you how much Theta network can make 1MH/s of hash rate. It ming with computer, a GPU won’t generate large turnout but it might be something for the start when mining Theta network. Mining difficulty increase by the number of miners & every time that demand for larger hash rates increases.
Hash rate is basically a scale of how many guesses for the puzzle your mining setup can make given amount of time. Rate is in Hashes per Second(H/s) & can be decadically moved up (1KH/s, 1MH/s, …). A CPU is nowadays only useable for mining coins which haven’t been destroyed by ASICS miners.
How to buy Theta Network?
Looks for an exchange that support both fiat and cryptocurrency to simplify buying Theta network.
- Open an account on an exchange that support Theta.jump to our table to compare popular option just remember that most exchanges require an E-Mail Address, Phone Number, Proof of ID to register.
- Deposit fund into your account.
- Fund your account with a bank transfer with pay with a credit/Debit card or deposit cryptocurrency from a cryto wallet to buy the Theta network.
- Buy the Theta network. Complete your Theta network purchase and then fing the best wallet to store.
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