icon - Theta Network
THETA Theta Network
+ 0.1%
$ 0.85850176
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • 71
    Theta Network
    $ 0.85850176
    $ 858,501,762
    $ 9,341,063
    1,000,000,000 THETA
    + 0.1%
What is the name of the animal?
The network is built for video streaming. The mainnet is a P2P network in which users share bandwidth and computing resources.
The network has a native token, THETA, which performs various governance tasks within the network, as well as a Guardian network of thousands of community-run guardian nodes.
Developers say that the project aims to shake up the video streaming industry in its current form, because centralization, poor infrastructure and high costs mean that end users often end up with a poor experience.
A customer-centered business plan has been created by the team at Theta. Video platforms like Cinedigm and Shout! are on the list of partners.
Who are the founding fathers of Theta?
The co-founding of Theta was done by Jieyi Long andMitch Liu.
Long has experience in design automation, gaming, virtual reality, and large scale distributed systems.
The official website of Theta shows that the company has strategic corporate investors as well as traditional Silicon Valley VCs such as DCM and the VR Fund.
What makes Theta unique?
Decentralizing video streaming, data delivery and edge computing makes it more efficient, cost-effective and fair for industry participants.
The network is powered by two native token, known as Theta and Theta Fuel, which are used in the internal economy.
The appeal of Theta is threefold: viewers get rewarded with better quality streaming service, content creators improve their earnings and video platforms save money on building infrastructure and increase advertising and subscription revenues.
Users have an incentive to share resources and watch network content, as rewards come in the form of token.
The platform is open source and token holders have governance powers.
In addition to video, data and computing, Theta caters to developers looking to launch DApps on its fully featured EVM-compatible Smart contract platform.
How does the network work?
Content creators, viewers, advertisers, Caching Nodes, and end- users are some of the types of participants in the Theta platform.
Any provider can use the open-source protocol to create applications on the platform.
The aim is to reduce the costs of streaming video services. Some content can be moved to the peer-to-peer network to reduce the load on the content delivery network.
The P2P protocol is responsible for content distribution and transaction processing.

The network is called the Theta Network.
A mesh network is the most important component of the platform. The function to share bandwidth is ensured by the set of nodes that connect the network into an integrated system. Users who provide equipment and resources are rewarded for sharing bandwidth and attracting new participants to the platform.
The network is powered by three types of nodes.
Members of the community host Edge Nodes. They are the most frequent. This type of participant shares their bandwidth or relays video streams over the network in exchange for token.
One of Theta's security layers is the enterprise Validator Nodes, companies that stake THETA and get the right to process transactions. New blocks are produced by this group.
The second layer of security is added after the Enterprise Validator Nodes.
There are related pages.
You can find more about Livepeer here.
LBRY can be found here.
Is it a new person?

How many Theta Coins are in circulation?
The protocol's governance token is THETA, which is a dual token system. The direction of development is determined by the community. There is a micropayment currency. It performs all operations on the network. Whenever users share content, Theta encourages it and gives them an opportunity to earn rewards.
TheTA is only for governance purposes, with 5 token issued per 1 THETA held at the time of the mainnet launch.
TheTA was distributed to buyers as an ether token.
The total supply of THETA is capped.
It is possible to power transactions in a similar way to gas.

How is the network secured?
Theta's network is secured by its own users because of the financial incentive scheme it uses.
The network uses a multi-level Byzantine Fault Tolerance to balance security with high transaction throughput.
The launch of the Guardian nodes by Theta ensured that no single entity controls the majority of THETA token being staked at any one time.

Where can I buy Theta?
The main token for the platform is freely traded on major exchanges.
As of October 2020, the most popular trading currency is stablecoin Tether (USDT), with the highest volume pairs coming from Binance.
Are you new to the coin?