About Theta Network

What is the Theta Network price today?

The THETA price is currently $0.64. The price of Theta Network is +0.85% over the last 30 days. You can use the live Theta Network chart to track the THETA/USD price in real time above, or compare the Theta Network value today to its past performance using the Theta Network price history tab at the top of this page.

What is the total supply of THETA?

The circulating supply is 1,000,000,000.00 THETA, out of a total maximum supply of 1,000,000,000.00 THETA.

What is the price prediction for Theta?

The average Theta price prediction values the coin at $1.51 by the end of 2022. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all impact the price. The Theta network is constantly evolving and new developments are regularly occurring so its price can quickly change. It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is Theta?

The Theta Network is a blockchain-based video delivery platform. The project aims is to allow for high-bandwidth decentralised streaming, with users able to pay to watch other peoples’ streams or get paid to stream to other people. THETA is the cryptocurrency used to carry out these payments.

Theta is being touted as the next generation of video delivery, with YouTube Co-Founder Steve Chen claiming that the platform is ‘set to disrupt today’s online video industry in much the same way that the YouTube platform did to traditional video back in 2005.’

How does Theta work?

Theta works by decentralising the video streaming process to increase the video quality available to users. The platform uses blockchain technology to reward viewers for sharing bandwidth and resources in the form of Theta tokens. This enables the network to do away with expensive centralised infrastructure and therefore deliver high-quality, smooth video streaming at a reduced cost.

The Theta Token (THETA) is the platform’s ‘governance token’ and shouldn’t be confused with Theta Fuel (TFUEL), the protocol’s operational token (so named because it’s the ‘gas’ of the protocol). THETA is used strictly for staking and securing the network, while TFUEL is used to power microtransactions and operations of the network.

How is the Theta network secured?

The Theta network is secured through the blockchain it runs on. The Theta blockchain uses a proof of stake consensus algorithm based on the Tendermint code. This means that the blockchain works on two layers. Level one uses validator nodes, usually run by companies that have backed the network, such as Samsung. Validator nodes process and verify transactions at speed.

One million Theta tokens need to be staked to become a validator node. Level two involves the Theta community, known as community nodes, who verify Validator nodes are processing information correctly. Both validator and community nodes are rewarded with Theta tokens for their work in securing the network.

What is Theta used for?

The Theta network is used for decentralised streaming. Theta coins are the platform’s governance tokens. THETA is effectively the currency of the network and has lots of functionality. It’s what is used to pay streamers and what validator or guardian nodes need to stake to participate in the platform’s governance.

Why does THETA have value?

Theta’s value comes from its decentralised approach to video streaming. It uses blockchain technology to simplify streaming, which is faster than traditional methods and much cheaper. The platform already has big investors from the likes of Samsung and Google, among others. Its future value lies in its ability to develop its platform and grow its user base.

Who created Theta?

Theta was founded by Mitch Liu, CEO of Theta Labs, in 2017. The Theta network has already had early backing from well-known businesses, including Samsung, Sony, Google, and various institutional investors. Theta’s board of advisers includes Steve Chen, one of YouTube’s founders and Justin Kana, co-founder of Twitch.

Where can I buy Theta Network?

You can buy Theta Network on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in Theta Network?

The simplest way to invest in Theta Network is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any Theta alternatives?

There are lots of Theta alternatives and many cryptocurrencies have attempted to imitate it. Theta is a popular crypto and while there are not many projects offering a similar service, there are alternatives that offer value in other ways. Here’s a selection of Theta alternatives that provide something different to the video streaming network.

• Cardano. Cardano is a ‘third gen’ blockchain.
• Decentraland. Decentraland is a leading metaverse coin.
• The Sandbox. Sandbox is a gaming token operating on the Ethereum blockchain.

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