coinTHETA #50

Theta Network

1.02USD-6.55%-6.55%As of: Jan 31, 06:18 UTC

Key Statistics

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Theta Network Converter

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About Theta Network

Theta network is a decentralized video streaming network that is powered by blockchain technology. Theta allows users to watch video content and get rewarded with tokens as they share their internet bandwidth and computing resources on a peer-to-peer (P2P) basis. Besides a line-up of institutional investors like Node Capital and DHVC, Theta Network is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch. The video streaming services on Theta rely on a distributed network of users who voluntarily contribute their spare bandwidth and computing resources to run Theta’s system, in return for Theta Fuel (TFuel) reward. Theta runs on a modified proof-of-stake consensus mechanism as it has a unique multi-Byzantine Fault Tolerance (BFT) which combines a committee of 20-30 Validator nodes with a second later of thousands of Guardian nodes. This acts to speed up approvals and is faster than traditional proof-of-work networks. Theta’s multi-BFT design achieves a healthy balance between consistency, speed, and decentralization.
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Price Performance

1D
-6.55%
7D
-4.86%
30D
40.73%
YTD
39.55%
1Y
-64.74%
Key Statistics
24H Range
Low$0.99580952016High$1.05
24h Volume
34.5M
Market Cap
1B
Circulating Supply
1B
Total Supply
1B
Rank
50
Market Cap Dominance
0.09%
Max Supply
1B
Fully diluted market cap
44.7K
Hashing Algorithm
N/A
Block Time in Minutes
N/A
Volume/Market Cap
0.03
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