As of the moment, the price of Theta Network (THETA) is $ 1.18, with a 24-hour trading volume of 23.6M.
The Theta Network is a blockchain-powered decentralized video streaming platform. It uniquely empowers users to watch video content and earn tokens while contributing their internet bandwidth and computing resources on a peer-to-peer basis. What’s more, users can secure rewarding tokens as they support the Theta system's running, making the video streaming services remarkably reliant on users' voluntary contributions.
Institutional firms like Node Capital and DHVC significantly back Theta Network alongside notable advisors like Steve Chen, the co-founder of YouTube, and Justin Kan, the co-founder of Twitch.
Theta Network employs a modified proof-of-stake consensus mechanism that features a distinctive multi-Byzantine Fault Tolerance (BFT). This system merges an assembly of 20-30 Validator nodes with a second tier of thousands of Guardian nodes. The multi-BFT design of Theta is instrumental in accelerating approvals, and it outperforms traditional proof-of-work networks in terms of speed. The design impeccably strikes a balance between consistency, speed, and decentralization.
Theta Network stands out for its novel approach to video streaming. By rewarding viewers with tokens for sharing their bandwidth and computing resources, Theta incentivizes active participation in its ecosystem. This results in a more robust network and creates a win-win situation for both content consumers and the platform.
Theta Fuel (TFuel) is the proprietary reward system of the Theta Network. It is awarded to users who donate their spare internet bandwidth and computational resources to maintaining the network's performance. As participants in the network, these users reinforce the network's decentralized nature, and in exchange, they earn TFuel tokens.
Theta Network's security is ensured by a unique multi-BFT consensus mechanism. This mechanism is made up of a first layer of 20-30 Validator nodes, which are responsible for proposing and validating new blocks in the network. A second layer of thousands of Guardian nodes, maintained by the community, finalize the block approvals, adding an additional layer of security.
Theta Network (THETA) is currently ranked #72 in terms of market capitalization, with a total market cap of $ 1.2B. The circulating supply of THETA is 1000.0M and the total supply is 1000.0M.
Theta Network (THETA) can be purchased on the following exchanges Tokenize, Binance, KuCoin, Binance US. It is advisable to always look for a reputable and secure platform when buying cryptocurrencies.
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