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What is THETA coin and cloud mining is it worth it?

What is THETA coin and cloud mining is it worth it?

​With successive monetary easing policies in recent years, cryptocurrency has been used as a hedging method, and the price has continued to rise, and the types of cryptocurrencies have become more and more diverse. Investors must have a grasp of these types. Among the many altcoins, Theta has entered the top ten cryptocurrencies by market capitalization with an increase of nearly 200 times a year. Let’s introduce THETA coins and how cloud mining is worth it.

What is the Theta coin? Cloud mining is worth it?

Theta coin is developed by Theta Labs and is an open-source network supported by blockchain, built specifically for video streaming. The main network was launched in March 2019. It is a decentralized network where users can share bandwidth and computing resources on a peer-to-peer (P2P) basis. Theta relies on the Proof of Stake (PoS) mechanism and adopts a multi-layer Byzantine Fault Tolerance (BFT: Byzantine Fault Tolerance) mechanism to balance security and high transaction throughput. With the launch of the Guardian node in June 2019, Theta has ensured that no single entity can control most of the pledged THETA tokens at the same time.

The tokens on the Theta blockchain are used as incentives to encourage individual users to share their redundant computing and bandwidth resources as a cache or relay node for video streams. This improves the quality of streaming and solves the "last mile" transmission problem, which is the main bottleneck of traditional content delivery pipelines, especially for high-resolution, high-bitrate 4k, 8k, and next-generation streaming media.

The content delivery network (CDN) is important in the video streaming ecosystem because it provides the backbone infrastructure to deliver the video stream to the final audience. Usually, CDN providers build data centers in many places around the world, called access points (POP). However, their number is limited and is far from enough compared with the number of viewers, especially in underdeveloped areas. The "last mile" link is usually the bottleneck of the current video streaming channel and often leads to reduced user experience, such as traffic interruption, poor picture quality, and frequent buffering.

Future Prices and Forecasts

The supply of THETA tokens is fixed. If Tfuel has good economic conditions, then THETA will also benefit, because people can get passive income in the form of Tfuel by staking THETA tokens. While cryptocurrency such as Bitcoin is in a bull market, it is hard to predict if THETA worth cloud mining is worth it.

Some cryptocurrency investors believe that in the long run, with the growth of global IP video traffic and bandwidth demand, the prices of both THETA and TFUEL may rise (there may be a retracement in the middle). Some people even think that THETA may eventually become the top three cryptocurrencies. Hopefully, everyone has a deeper understanding of THETA coins and has a decision about THETA cloud mining is worth it.