Theta Token

Overview of Theta Token

Theta token is the native cryptocurrency token underpinning the Theta blockchain network, a protocol to benefit the video streaming industry that has recently been trending across the crypto space, even making its way into the crypto top ten by market cap.

Theta token is making a big splash in the cryptocurrency market, but because it’s a relatively new coin within the top ten assets by market capitalization, it has raised a lot of important questions, in which we’ll address below.

Theta Token Minter: In late 2020, Theta added support for flexible Turing-complete smart contract implementation, which opened up a whole new realm of potential use cases and dApp features.

Theta tokens must be held by companies to utilize the services provided by the blockchain protocol, while a separate currency for gas powers the network itself through a fee-based system.

Theta token holders might not like the idea of lower prices, but investors who missed the first rally might get a second chance to refuel with Theta tokens around $2.

Theta token is clearly one of the hottest trending tokens in the virtual currency market right now, but after a massive price movement, oftentimes a correction comes.

Theta token entering the top ten cryptocurrencies by market cap is a controversial move, but only because it seemingly came out of nowhere to climb so high.

Theta Token price Index provides the latest THETA price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Theta tokens
Initially launched on the Ethereum network, Theta has released its mainnet on March 16th, 2019, swapping its tokens at a 1:1 ratio.

The Theta token is designed to reward users and network node providers for sharing their resources and helping to boost platform performance.

Blockchain

Mine

At its core, Theta is enabling users to share their idle bandwidth and computing resources to mine Theta tokens and in turn cache and relay video streams to others in the network

Network

Theta is used to divert throughput to the videos demanding the most bandwidth, which are also the highest performing videos in terms of traffic and viewership.

Support

Theta tokens are available for purchasing on cryptocurrency exchanges such as Binance, Bithumb, Huobi, with the trading being particularly popular in Korea.Once acquired, Theta tokens can be stored in any wallet which supports the ERC20 standard.In February 2019, the Theta team lived up to its promise to launch a dedicated Theta wallet prior to the launch of the project’s mainnet.Upon the launch, this Android OS wallet will automatically switch to operating as a Theta mainnet wallet.

Transactions

Theta tokens are the native governance token and trade in the crypto market using the THETA ticker symbol.Theta tokens are used to secure the blockchain network, verify transactions, providing voting benefits and much more.

AdMad at your Computer?

Boost and fix your computer with ease, now.

AdWhat’s a challenge without a Ranger FX4?

Take on any challenge & connect with your FX4 & the New FordPass app that connects you to your car in more ways than 1.

How Can Theta Improve Its Messaging and Micropayment Systems?

With its Aggregated Signature Gossip Scheme, Theta hopes to reduce the complexity of its messaging system.Instead of increasing communication overhead by allowing “all-to-all” broadcasting among the guardian nodes, this model will allow the nodes to send their signatures only to their closest neighbors.At the same time, the system’s gossip protocol allows for the exponentially increasing signature distribution.By reducing the size of the messages and increasing the efficiency of their delivery among the nodes, the Theta team hopes to kill two birds with one stone: ensure better TPS performance and improve the system’s ability to scale with the rising number of nodes.

How Can Theta Improve Security and Video Quality?

Another area in which the Theta platform wants to challenge traditional content delivery models is security.In essence, Theta wants to tackle the problem of security vulnerability to which the systems of interlinked data centers are exposed by the very nature of their design.Their existing infrastructure makes it possible for the attackers to reduce the general streaming quality at the global level by knocking out only a small number of these centers at the same time.Instead of this, the Theta network will be comprised of tens of thousands of nodes, which should make it more resistant to the disruptions of content delivery.

How Does Theta Blockchain Work?

Unlike the Theta network which focuses on the content delivery, the Theta blockchain works in the background to provide a consensus mechanism on the platform and build its reward distribution infrastructure.Since video streaming and delivery require huge data management capacity, no data related to them are stored in the Theta blockchain.

How Does Theta Blockchain Work?

Theta is an ERC-20compliant decentralized video delivery network.This categorization means that Theta users can utilize the Ethereum ecosystem to simplify their crypto experience.Ethereum is the largest Dapp ecosystem in the world and ERC-20 tokens enjoy a massive variety of wallets, DEXs, and games.Theta leverages the security and efficiency of Ethereum and combines it with various proprietary technologies to improve the quality of stream delivery.

How does Theta function?

Theta leverages blockchain technology to create the first end-to-end decentralized video streaming and delivery network.Theta builds a global community with every user that provides their computing resources.

How Does Theta Network Work?

While Theta was initially launched as an ERC-20 token, the project unveiled its own mainnet blockchain in March 2019, following a $20 million private token sale in 2017.And although Theta is now its own standalone project, it remains ERC-20 compliant, meaning Theta can leverage Ethereum’s massive user base and network benefits while deploying proprietary technologies to improve content streaming delivery and enhance the end-user experience.

How Does Theta Platform Work?

At the heart of the Theta platform is the mesh network which consists of a series of nodes capable of mutual communication.These nodes link the network together and provide the backbone for the bandwidth sharing scheme offered by the Theta.At the same time, the Theta blockchain allows the nodes to become parts of the network in the first place.

How does Theta stop people cheating the system?

One potential issue with Theta Network is the idea that someone could just use two computers and share video through the network to themselves and get paid for doing so.However, there are a few safeguards that aim to prevent this.

How Does Theta Token Fit In?

Upon the launch of the Theta mainnet, THETA tokens will move away from their role of an ERC20 token which serves as a mere “preview” of its capabilities.After the mainnet goes live, these tokens are to be swapped for new Theta tokens at the 1:1 ratio.

How Does Theta Work?

Theta is comprised of two parts.The first is its video delivery network.This is formed from nodes that join the network and contribute their bandwidth.This network is what forms the actual decentralized video delivery.The second part is the Theta blockchain.This is for incentive purposes, to give a reason for participants to join the delivery network.

How Is the Theta Network Secured?

The Theta Blockchain relies on a proof-of-stake consensus algorithm.It, however, adds a multi-level Byzantine Fault Tolerance (BFT) consensus mechanism on its blockchain to achieve better security along with higher transaction throughput.

How Is the Theta Network Secured?

Theta uses a financial incentive scheme to ensure user participation in governance activities, and hence its network is secured by its own users.

How Many Theta (THETA) Coins Are There in Circulation?

Theta involves two tokens: THETA and TFUEL.THETA exists only for governance purposes, with 5 TFUEL tokens issued per 1 THETA held at the time of the mainnet launch in 2019.

How many Theta coins are there?

There are a staggering one billion THETA circulating, which is also the max supply.The token was designed to be used by a large audience, so it isn’t as scarce as Bitcoin or other crypto assets.

How Many Theta Fuel (TFUEL) Coins Are There in Circulation?

As earlier mentioned, there are two coins in the Theta ecosystem; THETA and TFUEL.Both coins are used as the main tools for interaction on the Theta blockchain, yet serve different functions.

How much is Theta cryptocurrency worth currently?

Theta cryptocurrency is currently worth around $13 per coin, after trading well below $2 for most of its price history.After such a dramatic surge, it could be worth looking for other opportunities for the time being.

Is Theta token a good investment in 2021?

Thus far in 2021 it has been a good investment and should continue to be.However, after such strong performance, it could be worth trading CFDs with another platform instead, and watching to wait how Theta token performs in the near term.

So, is Theta coin a good investment?

Back in July 2020, Theta was trading around $0.20.Fast forward to March 2020 and Theta is trading closer to $4.40, which is around a 2,100 percent gain in less than a year.

Summing Up It All Up: Invest In Theta Token Today, Or Get Into Crypto Another Way?

Because Theta token is currently so overbought, perhaps the right strategy is to get into crypto another way for the time being.

Theta Enters Crypto Market Top Ten By Market Cap: Is It Justified?

Theta token entering the top ten cryptocurrencies by market cap is a controversial move, but only because it seemingly came out of nowhere to climb so high.There’s no denying there’s a shock factor involved with seeing a coin come into such fame relatively overnight, but Theta token might actually command such high valuations and a place among the top ten.

Theta Price Prediction: Is it Ripe for a 20% Rally to $15?

The Theta price has bounced back after struggling for the past few days.THETA has jumped by more than 10% and is trading at $13, which is higher than this week’s low of $11.185.Its market capitalization is at $12.6 billion while its ranking among the biggest cryptocurrencies has dropped to 12.In the past few days, it has been overtaken by Bitcoin Cash, Chainlink, Litecoin, and Uniswap.

Want Daily THETA Price Updates?

This site is protected by reCAPTCHA and the Google  Privacy Policy and  Terms of Service apply.

What are the pros and cons of Theta?

Theta offers many benefits for the video streaming industry, solving several problems that it faces today.The protocol provides a community-governance ecosystem.There, users can not only vote, stake, and compensate viewers and streamers, but also come together to power the network by sharing their computing and bandwidth resources, acting as caching nodes for video streams.

What does the future hold?

In the near term, Theta Network will be upgrading to its Mainnet 2.0.This will upgrade the network and provide a few benefits.

What is new with Theta coin?

The Theta coin seemingly boomed out of nowhere, hitting the top 10 cryptocurrencies by market capitalization.Theta is up by 17,000% in the past year and is now the 9th biggest cryptocurrency on the market, with a market cap of $14.021 billion.

What is the difference between THETA and TFUEL?

Both are ERC-20 tokens.On the one hand, THETA has many functions within the system.Users who have THETA can stake as validators, vote on proposals for future protocol changes, and more.

What is the future of Theta?

Theta is planning to bring more features to its platform.The Theta Labs and Theta community are working together on many projects to enhance the platform.These projects include decentralized exchanges, staking pools, and more.

What is the Theta blockchain?

The Theta blockchain is fast and designed for smaller payments.This enables it to provide real-time payments to reward content distributors for their efforts.

What is the Theta Blockchain?

The Theta blockchain is a purpose-built decentralized video delivery network and cryptocurrency.This innovative platform provides both technical and economic solutions to the problems facing the streaming sector.As such, the Theta blockchain was designed to incentivize the sharing of bandwidth across the network.Specifically, users gain the opportunity to contribute their excess bandwidth and computing resources in exchange for token rewards.

What is the Theta project?

Theta is a novel decentralized video content delivery network based on blockchain technology.The system is designed to enhance video streaming quality and reward those who offer their computing resources for improved video delivery.

What Is Theta (THETA)?

Theta (THETA) is a blockchain powered network purpose-built for video streaming.Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch.

What is Theta (THETA)?

Initially, the Theta coin was minted as an ERC-20 token to preview the Theta platform and the asset’s capabilities.However since the launch of Theta Mainnet 2.0 on May 27, 2020, the original tokens have been swapped for new tokens with transactional value.Presently, the Theta token’s total circulating supply is over 870 million with a supply cap at 1 billion.While the Theta token cannot be mined, it can be purchased at many major exchanges using either Bitcoin or Ethereum.

What Is Theta Coin and Is It a Good Investment?

Mar.5 2021, Published 10:57 a.m.

What Is Theta Fuel (TFUEL)?

Theta Fuel (TFUEL) is one of the two native tokens on the Theta blockchain.TFUEL should not be mistaken for Theta Token (THETA), which is the governance token of the Theta blockchain supported by thousands of community-run Guardian nodes and its Enterprise validators including Google, Binance, Blockchain ventures, Gumi and Samsung.

What is Theta Network?

Theta Network is aimed at cutting the costs of operation for video streaming services like YouTube.It works by reducing the load on the content distribution network by putting some of it on Theta’s peer-to-peer network.It’s a little bit like BitTorrent, where people share video content with each other, but it actually pays its users for sharing this content.

What Is Theta Token (THETA)?

Theta is a decentralized video delivery network with its own blockchain, designed for incentivizing the sharing of bandwidth.

What Is Theta Token?

The protocol has two ERC-20 tokens: THETA token and TFUEL token.THETA token has many functions within the system.Users who have THETA tokens can stake as validators, vote on proposals for future protocol changes, and more.

What is Theta token?

The Theta token is the native ERC-20 token of the protocol.It has many functions within the system.Users who have THETA tokens can stake as validators, vote on proposals for future protocol changes, and more.

What Is THETA?

THETA is a decentralized peer-to-peer video streaming platform.It runs on its own blockchain that supports smart contracts and dApps.The ecosystem operates with two native tokens: TFUEL is used for transaction costs, and THETA is a governance and staking token.

What is Theta?

Theta is an end-to-end decentralized platform for video streaming designed to solve the typical issues in traditional content delivery platforms by introducing tokens as the main incentive for users.Viewers share their computing resources and bandwidth in the network, improving video quality and engaging users in streaming services.As a result, a fully decentralized ecosystem for video streaming with sufficient network density appears.

What Is Theta?

The rise of live video streaming platforms went almost hand in hand with the development of blockchain technology, prompting the crypto enthusiasts at Theta to try to merge both within a single ecosystem named the Theta platform.With that in mind, its developers got the idea to create a video delivery network running on top of the dedicated Theta blockchain.While the delivery network remains a place for decentralized video streaming, Theta blockchain provides an environment for the use of the platform’s THETA token.

What Makes Theta Fuel Unique?

Theta’s main use case is decentralizing video streaming, data delivery and edge computing, making it more efficient, cost-effective and fair for industry participants.The network runs on a native blockchain, with two native tokens, known as Theta (THETA) and Theta Fuel (TFUEL), powering the internal economy.

What Makes Theta Unique?

Theta’s main business concept is to decentralize video streaming, data delivery and edge computing, making it more efficient, cost-effective and fair for industry participants.

What Problems Does Theta Solve For Crypto Users?

Streaming services first appeared to be an important and money saving trend for video content and entertainment services.It allowed cable users to “cut the cord” and find a la carte options instead.It also encouraged new types of content, such as binge-watching series.

Where Can You Buy Theta (THETA)?

THETA, as the main token for the Theta platform, is freely tradable on major exchanges.Pairs include cryptocurrencies, fiat currencies and stablecoins.

Who Are the Founders of Theta Fuel?

Theta Fuel, and in extension, the entire Theta Ecosystem, was co-founded by Mitch Liu and Jieyi Long in 2017.Liu has a long history in the gaming, video and virtual reality industries, co-founding video advertising firm Tapjoy, mobile social gaming startup Gameview Studios, and THETA.tv, the live streaming platform whose DApp was the first to be built on the Theta protocol.

Who Are The Founders of Theta?

Theta was co-founded by Mitch Liu and Jieyi Long in 2018.Liu has a long history in the gaming and video industries, co-founding video advertising firm Tapjoy, mobile social gaming startup Gameview Studios, and THETA.tv, the live streaming platform whose DApp was the first to be built on the Theta protocol.

Who founded Theta?

Theta was founded by Mitch Liu and Jieyi Long back in 2018.Both having experience in the field of gaming and programming.

Who is backing Theta Network?

The company behind Theta Network is called Theta Labs.It’s run by CEO Mitch Liu and has its own streaming site, Theta.tv, which pays viewers in TFUEL to watch video content (since they are then sharing that content to other peers).The company has around 25 employees, mostly based in the San Francisco Bay Area—although it’s looking to expand and has recently opened an office in Seoul.

Why do I have to login with my Email?

Email registration will become mandatory in the future.

Why is Theta coin so high?

Theta coin is so high currently because of the ongoing crypto bull run around Bitcoin and Ethereum.New coins with tons of promise will perform extremely well, but due to how new they are, price discovery can be painful.This means that volatility could send prices crashing just as fast as they climbed.It also means things can keep on roaring higher.It is too hard to say in a speculative asset class like virtual currencies.

Why is Theta exploding right now?

According to Wes Levit, head of strategy at Theta, the growth was long awaited.People are starting to hear about the project and understanding the real value behind it.Apparently, there is also a second staking token on its way.

Why would Theta make an interesting investment?

For streaming believers, a new way of storing and streaming video data makes sense, especially as the quality of video online keeps getting better, and web traffic denser.Our current infrastructure will soon be obsolete, and we need to be ready with new solutions.

Will Theta token continue going up?

When assets go parabolic and take off like Theta has, they can keep going up for a very long time.However, they can also correct and crash at any moment, causing at least an 80% drop when parabolic advances are violated.

History of Theta Token

In 2019, the team is aiming first and foremost to launch their blockchain and swap the current ERC20 tokens for the new Theta tokens.