$52 921
-6,59%
$4156,27
-8,42%
$0,8998
-7,41%
$0,1356
-14,83%
$0,0918
-6,62%
Published by: 04:53, 26 March 2021

Theta

THETA coin is one of the three tokens of the Theta Network platform. THETA is the control token of the network, used for stacking as a validator or custodian node, it participates in block production and protocol management of Theta Network.

theta cryptocoinexpert

The Theta Network is a startup launched in 2018 to create a video content delivery network based on blockchain technology.

The idea behind Theta is to help users simultaneously view video content and allow them to earn tokens for streaming video to other users who view the same content.

As with all sharing economy models, users agree to voluntarily use their free bandwidth and computing resources to rebroadcast videos to other users and earn token rewards for their contributions. Users can contribute to Theta Network from any PC, mobile device or smart TV.

The Theta Blockchain is specifically designed from the ground up for video content and retransmission data. The blockchain project launched in March 2019.

Theta with its unique multi-BFT consensus design combines a committee of 20-30 Enterprise Validator Nodes with a second layer of 1000x community - Guardian Nodes. Validator Nodes propose and create new blocks in the chain, while Guardian Nodes seal blocks and act as a check on malicious or otherwise non-functional Validator Nodes.

As of December 2020, Enterprise Validator nodes on Theta are managed by Google, Blockchain Ventures, Samsung, Sony Europe, Binance, gumi Cryptos and Theta Labs, with other major interested partners in the process of joining. Since the launch of Theta 2.0 in May 2020, the number of Guardian Nodes has grown rapidly. There are now more than 3,000 Guardian nodes managed by members of the Theta community.

In December 2020, Theta Labs announced Theta 3.0 , which introduces a new crypto-economy design for TFuel, specifically the TFuel placement and burning concept. This will greatly expand the capacity and usage options of the network and maximize TFuel's utility.

By placing and running a node, users will earn a proportional amount from the newly generated TFUEL (the Theta Network's operating token).

The startup currently issues three tokens: Theta (THETA), Theta Fuel (TFUEL) and Gamma, which are responsible for the project's tokenomics. Project tokens can be bought and sold on leading cryptocurrency exchanges.

The supply of THETA coin is fixed at the level of 1 billion and will never increase.

Theta. Price now


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