Exchange Theta Network

theta Price Live Data

The live Theta Network price today is $ 1.97 usd with a 24-hour trading volume of $32 283 234 usd. We update our THETA to usd price in real-time. Theta Network is down -1.35% in the last 24 hours. The current coinmarketcap ranking is #54, with a live market cap of $1 963 827 889 usd. It has a circulating supply of 1 000 000 000 THETA coins and the max. Supply of 1 000 000 000 THETA coins.

What Is Theta Network (theta)?

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.