Theta Network theta

24h: -0.51 %

7d: 5.75 %

30d: -0.81 %

1.098 USD

-0.51 %

Market Cap

$ 1096854419

Total supply

1000000000

Max supply

1000000000

Circulating Supply

$ 1000000000

Total Volume

$ 47727531

Other info for Theta Network

Price change 1h
$0.78424
Price change 24h
$-0.51158
Price change 7d
$5.74638
Price percentage 60d
-23.0242%
Price percentage 200d
-60.6745%
Price percentage 1y
-77.6641%

About Theta Network

Theta network is a decentralized video streaming network that is powered by blockchain technology. Theta allows users to watch video content and get rewarded with tokens as they share their internet bandwidth and computing resources on a peer-to-peer (P2P) basis. Besides a line-up of institutional investors like Node Capital and DHVC, Theta Network is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch. The video streaming services on Theta rely on a distributed network of users who voluntarily contribute their spare bandwidth and computing resources to run Theta’s system, in return for Theta Fuel (TFuel) reward. Theta runs on a modified proof-of-stake consensus mechanism as it has a unique multi-Byzantine Fault Tolerance (BFT) which combines a committee of 20-30 Validator nodes with a second later of thousands of Guardian nodes. This acts to speed up approvals and is faster than traditional proof-of-work networks. Theta’s multi-BFT design achieves a healthy balance between consistency, speed, and decentralization.

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