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THETA

THETA is a token in the Theta Network, which has a purpose to provide decentralized, safe, and accessible streaming and content delivery services. THETA is one of the tokens on this blockchain: there’s also TFUEL, which is used to power the network. Theta network was launched in 2019 by Theta Labs and went through several upgrades since then, the latest of which was a major upgrade to the mainnet v3.0 in June 2021.

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What Is THETA?

THETA is a token in the Theta Network, which has a purpose to provide decentralized, safe, and accessible streaming and content delivery services. THETA is one of the tokens on this blockchain: there’s also TFUEL, which is used to power the network. Theta network was launched in 2019 by Theta Labs and went through several upgrades since then, the latest of which was a major upgrade to the mainnet v3.0 in June 2021.

Theta Network encourages participants to share the bandwidth and other computing resources they aren’t using, offering them rewards for this task. Those resources can then be purchased or “rented” by streaming platforms or creators to share their content with their viewers. Decentralization solves the issues often present in the more traditional content delivery networks, such as low streaming quality or high costs: redundant copies of streamed content provide stability which improves quality, and the crowdsourcing model keeps prices low.

THETA token is used in Theta’s unique 2-step consensus protocol. In addition to the network validators (who stake TFUEL, the other token on the network), there are so-called Guardians, who must stake THETA to check the validated blocks. THETA also plays the role of a governance token and can be used to vote on changes in the protocol.

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This pair is not available for exchange

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