Theta Network (THETA) Live Price

What is Theta (THETA)?

Theta is a smart contract-based service that enables a content creator to show videos to people around the world without relying on their own bandwidth. The cryptocurrency has a strong decentralized application, making it possible to stream video data to users everywhere without the involvement of any centralized server. Instead, users share their system resources to earn the TFUEL token for their efforts. 

TFUEL or Theta fuel can later be exchanged to pay for receiving video content from one of the streaming relays. This clever system rewards the streaming nodes for distributing content and tasks others with covering the cost to pay for that streamed content. 

Partners of the Theta network, such as Samsung.VR cover the costs of the necessary TFUEL to provide content to their users, and they subsidize that cost through advertisements and other partnerships. Theta enables content creators to get their videos to networks without relying on any centralized server to accomplish the goal. 

This decentralized video streaming network will help improve ad rates for content creators and should lower the costs of handling the bandwidth required to stream videos worldwide. 

THETA Price

The current THETA price today is $ 1.28 at Nov 14, 2024 apiece, but the coin reached its current maximum value of $ 15.72 on in 16.04.2021. This price spike occurred due to an inaccurate belief that Grayscale Investments registered a trust meant to invest into the Theta network.  

The total supply of THETA is fixed at 1 billion, while the secondary coin, TFUEL or Theta Fuel, will start at 5 coins for every THETA, and will slowly increase over time. Every THETA token holder received 5 TFUEL during the mainnet launch on March 15th of, 2019. This launch created a circulating supply of coins that will fuel the streaming transactions over time. 

A Brief History of the Theta Network

Theta got its start on Medium in 2017. The project was founded by Mitch Liu and Jieyi Long. Coins first went for sale in January 2018 as ERC20 tokens on Ethereum. The coins were later transferred to their own mainnet where ERC20 token holders could transfer their coins to native coins on the Theta network at a 1:1 ratio. 

Theta has received investments from major investors such as Origin Grpu, Oneboat Capital, ZMT Capital USA, and more. The network works with major companies such as Samsung, Sony, and Google which all serve as Enterprise Validator nodes. 

Theta established a peer-to-peer network known as EdgeCast and enabled data users to record live video and transcode video in real time. In July 2021, Theta released its Mainnet 3.0, adding smart contract capabilities to its network. 

How Does THETA Work?

The Theta network relies on the well-known proof of stake consensus mechanism but with a twist. New nodes are approved by a small number of corporate partners like Samsung and Google that serve as enterprise validator. These reliable partners work as a security measure for the network while enabling it to operate in a somewhat decentralized nature still and maintaining a decent level of fault tolerance, making it superior to more centralized solutions. 

The network also has another layer of security through special users known as Guardian nodes. These special Theta currency holders seal blocks of transactions and serve as proof of stake members of the blockchain network. 

This powerful micropayment system for video can work with Ethereum decentralized applications, making it possible to offer streaming capabilities to Ethereum-based programs for very exciting possibilities in the future. 

What Makes Theta Unique?

Theta is a decentralised technological stack that relies on two native token products to validate and fuel video and data streaming processes. It will also meet decentralized edge computing needs for developers and companies. 

The Theta network uses blockchain technology to make streaming more affordable and efficient. It will improve video quality for streamers while reducing costs for video providers. Theta makes it more affordable to create a video streaming platform, and it can improve royalty distribution rates, making it more attractive than ever to create content online. 

Theta offers a transaction throughput of approximately 1,000 transactions per second, giving it the bandwidth to handle a huge number of data transfers every day. 

How is the Theta Network Secured?

The Theta network relies on a multi-level Byzantine fault tolerance security system that protects against hardware failures and malicious users. The blockchain network depends on enterprise nodes as well as smaller users as nodes for additional protection. By splitting this micropayment system for video up into different types of validators that are located far away from one another, the network becomes very secure. 

Each validating transaction is monitored by multiplier users, and this whole blockchain-based system works reliably to effectively transfer data where it needs to go. 

Where Can You Buy Theta (THETA)?

THETA is available to purchase on many major exchanges, such as Binance, MEXC, Bitget, and Bybit. The highest volume pairs come from Binance, and the most popular trading currency used is stablecoin Tether (USDT).