Theta Network

Currency in
0.3110
-0.0049(-1.57%)
Real-time Data·
Day's Range
0.30600.3319
52 wk Range
0.21253.8146
Bid/Ask
-
Vol (24H)
25.26M
Market Cap
311.17M
Rank
134
Day's Range
0.306-0.3319
Type:Currency
Group:Minor
Base:Theta Network
Second:US Dollar

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Sell
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FAQ

What Is Theta?

Theta is a decentralised blockchain protocol aiming to revolutionise the video streaming industry. It allows users to share bandwidth and computing resources on its peer-to-peer (P2P) platform. This way, content is taken whole from its creator and delivered to the user or consumer with fewer speed or quality issues.

Theta's main goal is to improve the quality and efficiency of video streaming while reducing costs, especially for content creators and streaming platforms. Its elimination of the middleman means content creators get to keep a large chunk of the income they make while improving the streaming experience for the end-user.

Theta is powered by its native cryptocurrency, Theta Token (THETA), and a secondary token, Theta Fuel (TFUEL). THETA Coin is the governance token, while TFUEL is used to power the network operations. Both are essential parts of the Theta ecosystem but serve different functions.

Where Can I Buy Theta?

You can buy Theta (THETA) on various popular cryptocurrency exchanges. Platforms like Binance, Coinbase, and Kraken offer trading pairs with THETA. To purchase, create an account on one of these exchanges, complete the required verification process, and fund your account with fiat or another cryptocurrency. Once your account is funded, navigate to the trading section, search for THETA, and execute your buy order. Make sure to transfer your purchased tokens to a secure wallet for safekeeping.

How to Store Theta

To store Theta (THETA) safely, you'll need a compatible cryptocurrency wallet. Options include hardware wallets like Ledger and Trezor for enhanced security, or software wallets like Theta Wallet and Trust Wallet for convenience. After purchasing Theta on an exchange, transfer your tokens to your chosen wallet by copying the wallet address and pasting it in the "withdraw" section of the exchange. This ensures your Theta tokens are stored securely and reduces the risk of loss or theft.

History of the Theta Blockchain

Theta blockchain was conceptualised in 2018 by Mitch Liu and Jieyi Long and launched in 2019. Both founders are avid developers with a strong background in virtual reality, gaming, and large-scale distributed systems.

Theta was created to address the bottlenecks in the video streaming and content delivery industries, including issues like high streaming costs and poor quality. The project’s proposition has since attracted the likes of the co-founder of YouTube, Steve Chen and Twitch co-founder Justin Kan.

Over the years, Theta has tech industry giants like Google, Samsung, Sony Europe, top crypto exchange Binance and blockchain firm Blockchain Ventures as Enterprise Validators. In doing so, it has solidified its position as a leading blockchain for video streaming.

How Does the Theta Blockchain Work?

The Theta Blockchain operates as a decentralised video delivery network. To enable a better video streaming experience, Theta uses three core components. The first is the Enterprise Validator Nodes (EVNs) that stake THETA tokens to validate transactions on the network. Theta employs two native tokens: THETA, used for governance and staking, and TFUEL, utilised for operational transactions like payments to network nodes. By using a combination of these tokens and a multi-level Byzantine Fault Tolerant (BFT) consensus mechanism, Theta ensures the network remains efficient and secure while incentivising users to participate.

The second component comprises Guardian Nodes, which actively vet the transactions processed by the EVNs. This group of nodes ensures that no wrong entry is made before adding it to the blockchain. A final group is the Edge Node, which comprises users who share their bandwidth and computing resources to relay video streams on the network in return for the TFUEL token.

Aside from this, the Theta blockchain is also a robust network that allows the development of decentralised applications (dApps) on its protocol.

What Are Theta Blockchain Benefits?

The Theta blockchain improves video streaming by using a decentralised, peer-to-peer model that reduces costs and enhances efficiency. Users can share their unused bandwidth to earn Theta Fuel (TFUEL), while content creators benefit from more direct earnings by cutting out intermediaries. This setup results in better video quality with less buffering.

Theta also ensures security through blockchain technology, allowing users to stake THETA tokens and participate in governance. Backed by partnerships with companies like Samsung and Google, Theta is scalable, efficient, and more environmentally friendly than traditional blockchain networks.
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