Theta Network (THETA) Price

Name: Theta Network
Brand: Cryptocurrency
SKU: THETA
Price: 0.709611 USD
Availability: InStock
Rating: 4,5 (10 reviews)

THETA

Theta Network

4,5

★

$0.709611

-6.55%

Today's Current Price in US Dollar

Market cap

709,844,090.0

Total volume

32,570,084

Circulating supply

1,000,000,000

Total supply

1,000,000,000

Buy / Long

Sell / Short

Theta network exemplifies a groundbreaking decentralized video streaming platform, ingeniously utilizing blockchain technology to energize its framework. This pioneering network offers viewers not just the pleasure of accessing video content, but also the opportunity to earn tokens. This occurs as they graciously share their excess internet bandwidth and computational power in a peer-to-peer (P2P) fashion. Theta's foundation is bolstered by significant investments from institutional backers such as Node Capital and DHVC, further enriched by guidance from industry titans such as Steve Chen, the co-architect of YouTube, and Justin Kan, a founding force behind Twitch. At the heart of Theta's video streaming prowess is a decentralized cadre of users, each contributing unused bandwidth and computing resources. This community-driven approach powers Theta's infrastructure, rewarding participants with Theta Fuel (TFuel) in return.

Central to Theta’s operational excellence is its adaptation of the proof-of-stake consensus mechanism, refined by its revolutionary multi-Byzantine Fault Tolerance (BFT) system. This system bridges the efforts of 20-30 Validator nodes with a secondary tier comprising thousands of Guardian nodes. This configuration not only accelerates the ratification process but also outpaces the operational speed of conventional proof-of-work networks. By striking a harmonious balance between consistency, swiftness, and distributed authority, Theta’s multi-BFT framework sets a new standard in decentralized network efficiency.

Homepage: https://www.thetatoken.org/
Twitter: Theta_Network
Reddit: theta-token