-0.23%

Market Change

$1 971 569 048 788.03

Total Market Cap

$184 195 023 855.16

Total Volume

17785

Cryptocurrencies

58 GWEI

59 GWEI

60 GWEI

Ethereum gas price

40.66%

BTC Dominance


Theta (THETA)
THETA

THETA -5.27%

24h Change

$4 980 102 315.04

Market Cap

$214 105 178.61

24h Volume

$4.9570

Current Price

Tech Specs

Last historical data: 2021-01-22T08:14:04.000Z

Decimal places: 18

Algorithm: N/A

Prooftype: N/A

Country origin: US

Genesis date: 2017-12-14

Liquidity score: 57.077

Publi interest score: 0.035

Community score: 36.384

Developer score: 60.856

Coingecko score: 50.373

Market cap rank: 24

Coingecko rank: 50

Alexa rank: 80855

Bing matches: 0

Theta (THETA)

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. 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. Lastly, 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. 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.

Theta Token is a token on the Theta blockchain, which aims to become a decentralized streaming network.

Theta Tokens are used to encourage users to share their memory and bandwidth, in order to improve the quality of stream delivery and reduce the costs of bandwidth.

Theta Token runs on the Ethereum blockchain and can be 1:1 exchanged for native Theta Token at launch.