The live price of Theta Network is - per (THETA / USD) with a current market cap of $874.12M USD. 24-hour trading volume is - USD. THETA to USD price is updated in real-time. Theta Network is -% in the last 24 hours with a circulating supply of 1.00B.
| Date Comparison | Amount Change | % Change |
|---|---|---|
| Today | - | 0% |
| 30 Days | - | 0% |
| 60 Days | - | 0% |
| 90 Days | - | 0% |
Theta aims to solve the challenges facing the video streaming industry. Using Theta tokens as a reward mechanism, users can be encouraged to share idle computer memory and bandwidth resources to become cache nodes for video streaming. Through decentralization, Theta tokens make the streaming market significantly more efficient.
Theta Network is a decentralized software and digital network designed to incentivize a global computer network to operate as a video streaming platform, allowing platform participants to own their own data.
The network was developed and launched in 2017, somewhat similar to modern content delivery networks (CDNs). Content delivery networks are location-based operating systems used to manage content distribution for games and other digital platforms.
Theta Network believes that the current quality of streaming is increasing, and the limitations of this model are gradually becoming apparent, so it hopes to promote the pace of catch-up through its own decentralized network.
Theta Network has two cryptocurrencies: the governance token THETA and another token TFUEL. THETA holders can vote on changes to the decentralized protocol, and TFUEL is used for transactions within the independent THETA blockchain network.
After founding several mobile gaming and online advertising startups, Mitch Liu co-founded Theta Network in 2017 with Jieyi Long, who had previously been involved in VR live streaming technology. The company's board of directors is full of stars, including YouTube co-founder Steve Chen, Twitch co-founder Justin Kana, Rakuten Viki product director Jonathon Wong, and Verizon Digital Media's chief network officer Kyle Okamoto.
Theta Network implements a modified proof-of-stake (PoS) consensus mechanism called "multi-level Byzantine Fault Tolerance (BFT)" whereby network validator nodes reach consensus in a smaller subset. This is said to increase the speed of transaction settlement in the network's scheme. The unique feature of Theta Network is that the validator nodes are operated by companies, including well-known companies such as Google and Samsung.
THETA is used for governance decisions in Theta Network. Holders can weigh in on decisions and finalize the direction of independent blockchains and decentralized software protocols.
The maximum supply of THETA tokens for Theta Network is capped at 1 billion.
The Theta Network to other currencies exchange rate?
