Exchange THETA (THETA)

THETA is a decentralized blockchain network and cryptocurrency that aims to improve the infrastructure of video streaming and content delivery. It is designed to address the challenges faced by traditional centralized video platforms, such as high costs, limited scalability, and inefficient distribution methods.

THETA uses a peer-to-peer network powered by blockchain technology to enable users to share and stream video content. The native cryptocurrency of the THETA network is called THETA token (THETA). It serves as a utility token within the ecosystem, used for various purposes, including incentivizing users to share their excess bandwidth and computing resources to improve video delivery, rewarding content creators and viewers, and facilitating transactions within the platform.

The THETA Mainnet is the core blockchain network where transactions, smart contracts, and consensus occur. It serves as the foundation for the entire ecosystem.

THETA uses a modified version of the Proof of Stake consensus called Multi-BFT (Byzantine Fault Tolerance) consensus. Validators in the network are selected based on the number of THETA tokens they hold and commit as a stake. These validators participate in the block validation process and reach a consensus on the state of the blockchain. Proof of Stake provides a more energy-efficient alternative to Proof of Work (PoW) used by cryptocurrencies like Bitcoin.

In addition to the validators, the THETA network also includes Guardian Nodes. Guardian Nodes play a role in block production, propagation, and governance of the network. They provide an extra layer of security by monitoring the actions of validators and participating in consensus-related activities.

In addition to the validators, the THETA network also includes Guardian Nodes. Guardian Nodes play a role in block production, propagation, and governance of the network. They provide an extra layer of security by monitoring the actions of validators and participating in consensus-related activities.

The THETA network has a slashing mechanism in place to deter malicious behavior by validators. Validators can have their staked tokens partially or completely slashed as a penalty for any detected misbehavior or violation of the consensus rules. Slashing acts as a deterrent against actions such as double-spending or attempting to manipulate the network.

One of the key features of THETA is its content delivery network (CDN), which leverages the idle resources of users who participate in the network. By allowing users to share their bandwidth and computing power, THETA aims to create a more efficient and decentralized video streaming infrastructure, reducing reliance on centralized servers and improving the quality and speed of content delivery.

THETA also introduced a subsidiary project called Theta Fuel (TFUEL), which is a separate cryptocurrency within the THETA ecosystem. TFUEL serves as "gas" for the network, used to power transactions and smart contracts.

THETA also offers Theta Edge Cacher, a software application that allows users to contribute their excess bandwidth and computing power to the Theta Network. By becoming a node in the network, users help improve video streaming by caching and distributing video content to viewers in a peer-to-peer manner.

Theta.tv is a video streaming platform built on the Theta Network. It offers a wide range of content, including live streams, esports, gaming, music, and more. Viewers can earn THETA tokens as rewards for watching and engaging with content, while creators can earn tokens based on their viewership and engagement metrics.

The THETA network is continuously monitored by the community and network participants. This helps identify any suspicious or malicious activities and allows for timely responses to maintain the security and integrity of the network. Theta Labs is the organization behind the development and promotion of the THETA ecosystem. They are responsible for driving innovation, research, and community engagement to further enhance the capabilities and adoption of the Theta Network.

The total supply of the THETA tokens is 1 billion with all the coins in the current currently circulation.

Average Fees on the Theta Network

The THETA network had relatively low transaction fees compared to other blockchain networks. However, the specific fee structure and average fees on the Theta network may vary over time due to factors such as network demand, block size, and network upgrades. The average price for the transaction on THETA is around $1. 

The THETA Token Wallets

THETA tokens can be stored in various types of wallets that support the THETA network, including Theta Wallet, the official wallet developed by Theta Labs, MyEtherWallet, MyCrypto, Trust Wallet, Metamask, Atomic Wallet, Exodus, Guarda Wallet, Coinomi wallet, Infinito wallet, etc.