Theta Token

1.54

USDT
24hr Change: 2.59%

24h Price Change

1.42 1.55
1.54
Low High
Theta Token Price Statistics
THETA Price: 1.54 $
24h Low: 1.42 $
24h High: 1.55 $
Theta Token Details
Website: thetatoken.org
Blockchain: Blockchain Explorer
Symbol: THETA
Name: Theta Token

What Is Theta Token

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.

Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.

Developers say that the project aims to shake up the video streaming industry in its current form — centralization, poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users.