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A Crypto for us gamers?

Cryptocurrency is becoming wildly popular and growing incredibly fast, but PC gamers hate crypto, mainly because of the GPU shortage because of the crypto mining.

But did you know that there is a crypto currency for us as gamers. The crypto is called Theta, but what is Theta? According to their website this is their description.

What is Theta?

Theta is software that seeks to incentivize a global network of computers to operate a decentralized video streaming platform. 

Content delivery networks (CDNs), geographically located networks of operators, are paid to deliver video stream content to end-users. Due to being restricted by their locations, existing CDNs can’t keep up with increasingly high-quality streams.

Theta allows its global pool of users to relay videos by offering their spare bandwidth and computing resources and rewards them for doing so.

As more users join the Theta network, more bandwidth is available, thus improving the streaming quality of the videos on the network. 

Central to running the operations on its blockchain, Theta boasts two native cryptocurrencies, THETA coin, for voting on changes to the protocol, and TFUEL, for executing transactions. 

Theta is also open-source software. It claims that this increases the potential for anyone to create new applications and services on top of it. 

Why does it have a value?

Theta allows nodes to validate transactions, produce blocks, vote on changes to the network and earn TFUEL as a reward.

Further, TFUEL is used to pay for transactions on Theta and is used as the micropayment currency when users pay Edge Nodes for sharing a video stream.

Lastly, developers wishing to publish a new application on the Theta Network use TFUEL for the deployment and operations of their smart contracts.

Like many other cryptocurrencies, the supply of Theta is limited, meaning that according to the software’s rules, there will only ever be 1 billion Theta.

So why is Theta for gamers?

Theta may be of interest to active content creators who wish to have more control over their videos and the monetary system used to reward them.

Investors may also want to add Theta to their portfolios should they believe in the future of shared video streaming platforms.

also the Theta founder Mitch Liu, founded start-ups in mobile gaming and online advertising, and Jieyi Long, who previously worked on VR live streaming technologies.

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Written by Ruan Bronkhorst

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