Theta Network (THETA)

The exchange rate of one THETA at 14:52 UTC is 2.157$

Chart | Average rate

The “THETA” platform was launched in 2018 under the leadership of Jieyi Long and Mitch Liu, who have extensive experience in the design of large-scale gaming distributed systems. Meanwhile, the main goal of the project is to use the free memory and computing resources of any computers for a reward with native tokens to enable smooth high-speed broadcasting of various video materials.

That is, now large media holdings, including Amazon, YouTube and Netflix, are forced to build huge data centers around the world that can quickly upload videos only to devices that are in relative proximity to them. In addition, this situation will become even more complicated in the near future due to the development of content in 4K and 8K formats, as a result of which THETA intends to solve this problem by launching a decentralized streaming network (DSN) that can also receive additional traffic from peer-to-peer caching nodes, meaning, from other nearby (in the ecosystem) participants, which will contribute to a significant reduction in costs for various video hosting sites in the future.

In addition, this system uses the innovative “BFT” consensus algorithm, which allows to simultaneously confirm transactions to several thousand nodes at a speed of more than 1000 TPS using the “proof-of-engagement” protocol (PoE).

At the same time, the native cryptocurrency “THETA” can be used for the following needs:

- remuneration of streamers and viewers by advertisers

- payment for a subscription to paid or premium content

- fees for stream caching and retransmission

- donation to the project participants for the posted high-quality videos

Among the latest significant events on this platform, we can note the beginning of a partnership with the Singapore-based mixed martial arts and MMA promotion company “ONE Championship”, which will issue collection tokens with the best moments from superstar fights through the NFT market created by THETA.

Now this crypto project is in the TOP-40 of the CoinMarketCap global rating with a market capitalization of more than $7 billion, and to buy or sell native coins, you can use various cryptocurrency trading platforms, including Bybit, Binance, Poloniex, Gemini, Bitstamp, FTX, Huobi, Coinone, Liquid, Coincheck, WazirX ​, etc.