How to Buy Theta (THETA)

The Theta Network is a peer-to-peer blockchain-based video streaming platform founded in 2018. This decentralized platform lets Theta users share their excess bandwidth and computing resources with others to facilitate data delivery and video streaming. Many video streaming channels use this network to broadcast or capture live videos, including Samsung VR, Shout!, and Theta.tv, which belongs to this network. The main idea behind creating this network is to bring the benefits of blockchain to the video delivery industry, which is getting more popular these days. As a result, the speed and quality of video streaming will be improved. Furthermore, the developers can also use this blockchain to build decentralized apps (dApp).

Two different tokens are available on the Theta Network; each uses for a purpose. The official token of this network is called THETA, which is a governance token. The users, called Validator or Guardian, can stake THETA to join the network. The THETA owners can use it to vote on the system projects and change regulations. The more tokens they stake; the more power they will have on the network. The ability to vote on such a network can attract or detract investors. Therefore, voters may contribute to the value of THETA in the future because they can promote the network's growth. The supply of THETA is limited to 1 billion tokens. 

TFUEL is the other token on this network which is known as a “gas” token. It is used for operations like running smart contracts, validating transactions, or producing blocks. The Theta Network users who share their bandwidth and other resources for video streaming earn TFUEL as a reward. They can sell this token to others who may need it to do specific operations on the network, such as developers who want to publish a new application on this network. The others who want to share their video using this blockchain should also pay by TFUEL. Therefore, the TFUEL users are developers and video streamers or content creators.

Theta blockchain uses a multi-level Byzantine Fault Tolerance (BFT) consensus alongside a Proof-of-Stake algorithm to secure the network. As a result, higher transaction is possible on the network without the concern of any hacks. Furthermore, since users can participate in governance activities, the network is secured by its own users. 

The network tokens are also among the most secure tokens on the crypto market. However, you should always consider buying the coins from a trusted exchange and keep them in a secure wallet with a strong password. The security of your coins mainly depends on how you protect them. In the case of investment, consider using a hardware wallet to improve the security of your coins. 

THETA tokens are used on the Theta Network as a governance token. The owners can use this coin to vote or do different operations on this network. It should be mentioned that the governance tokens are usable only on their network. Therefore, THETA is not used as a payment method outside the Theta platform.

Meanwhile, most people consider buying cryptocurrency as an investment. THETA is one of the coins that most people would like to invest in. If you also want to buy THETA as an investment, it is better to consider some factors. First, if you are a beginner, start with a minimum investment so that if nothing goes as well as you thought, you will not lose much money. On the other hand, it is also advisable to decide when to pull out of your investment. Therefore, if the THETA price reaches that amount, you sell it and gain a profit. In the end, cryptocurrency investing is a risky business. Read more about whatever is happening in this world, such as THETA investors and participants. Then you will have a better chance of winning your investment.