Theta Network current price is €4.894 with a marketcap of €4.90 B. Its price is -5.79% down in the last 24 hours.
- Theta Network (THETA)
- Live Price €4.894
- Market Cap €4.90 B
- Volume €275.68 M
- Available Supply 1.00 B THETA
- Rank 21
Technical analysis, backgrounds and info on this crypto coin
Besides Theta Network (THETA) is the renowned cryptocurrency (measured by market capitalisation). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the Theta Network (THETA) price. Of course you can trade and/or invest in Theta Network (THETA) as well. On this page you'll find basic statistics and characteristics of Theta Network (THETA). Furthermore you'll find info regarding the Theta Network (THETA) price, basic technical analysis and a brief explanation of the story of Theta Network (THETA)
Current Theta Network (THETA) price
Please see below the Theta Network price chart as provided by our home broker.
Onchain Metrics Theta Network (THETA)
If you want to perform a technical analysis of Theta Network and decide whether it is the right time to trade or invest, please check the on-chain metrics as provided by our partners of Into the Block.
These On-chain metrics are updated once a day (rondabout 11 pm est, which is 5 am Dutch time). If you want to check the latest update, please dive deeper into the On-chain metrics of our metrics partner IntotheBlock.io.
Furthermore, we provide you with the price chart and historical data for Theta Network (THETA) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on Theta Network.
The Theta Network agenda
In order to provide you with an accurate overview of coming Theta Network agenda items and events, you'll find our Theta Network agenda below.
If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.
What is Theta Network?
Theta is a decentralized video delivery network, powered by users and an innovative new blockchain. Theta is an open source protocol purpose-built to power the decentralized streaming network and will allow for vertical decentralized apps (DApps) to be built on top of the platform to enable esports, music, TV/movies, education, enterprise conferencing, peer-to-peer streaming, and more. SLIVER.tv’s DApp will be the first application built on the Theta network leveraging its existing user base of millions of esports viewers.
Who created Theta Network?
“We've been on the cutting edge of live streaming technology and by leveraging blockchain we will truly be able to transform the video and entertainment industry,” said Mitch Liu, Co-Founder and CEO of Theta Labs, Inc., a wholly owned subsidiary of SLIVER.tv. ”Theta will be uniquely built to leverage the incentive”
What is the purpose of Theta Network (THETA)?
DSN and the Theta protocol solve various challenges the video streaming industry faces today. First, Theta tokens are used as an incentive to encourage individual users to share their redundant memory and bandwidth resources as caching nodes for video streams. This improves the quality of stream delivery and solves the “last-mile” delivery problem, the main bottleneck for traditional stream delivery pipelines, especially for high resolution high bitrate 360° virtual reality (VR) streams. Second, with sufficient amount of caching nodes, the majority of viewers will pull streams from peering caching nodes. This significantly reduces content delivery network (CDN) bandwidth costs, which is a major concern for video streaming sites.
Theta Network (THETA) nowadays
The Theta network greatly improves the streaming market efficiency by streamlining the video delivery process. For example, advertisers can target end viewers at a lower cost and reward influencers more transparently.The Theta blockchain introduces three novel concepts: Reputation Dependent Mining: In the Theta protocol, the caching nodes play the role of miners in the blockchain. The block reward is not a constant, but depends on the reputation score of the caching node that mined the block. To obtain more mining rewards, miners not only spend computation power to mine blocks, but also relay video streams to downstream viewers to increase their reputation scores.
The future of Theta Network (THETA)
Global Reputation Consensus: We propose a mechanism for the Theta network to reach the global consensus on the reputation scores for each caching node. Proof-of-Engagement: We introduce a novel Proof-of-Engagement scheme to prove that viewers legitimately consume the video streams, providing better transparency to advertisers and a basis for viewers to earn Theta tokens for engaging with the content.
Further technical analysis of this coin
For further technical analysis you’ll find the current price chart and overview of historical data at the bottom of this page. Do you need more on-chain metrics? You can find these on the site of our on-chain metrix partner IntotheBlock.
Do you want to trade in this crypto?
If you want to trade in this cryptocurrency you might consider to sign up with one of our home exchanges: Changelly, CEX.io or Binance. When your mother tongue is Dutch or French you might also consider Bitvavo. If you want to know more about choosing the right crypto exchange, please visit our crypto exchages page.
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