THETA THETA Prices, Charts and Graphs | Coinread
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THETATHETA#28

$6.21
-11.63% (-$0.818, 24H)
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  • Market Cap$6,210,458,645
  • Volume (24H)$476,347,504
  • Circulating Supply1,000,000,000
  • Max Supply1,000,000,000
  • High (24H)$7.39
  • Low (24H)$5.75
  • Change (1H)-0.69%
  • Change (7D)-0.50%
  • Change (1M)22.05%
  • Change (1Y)914.29%

Powering a decentralised streaming network, Theta (THETA) is an open-source protocol launched in 2019 that allows for DApps to be built over its infrastructure. The first, esports platform SLIVER.tv, brought its audience of millions to Theta and the technology has since expanded to encompass peer-to-peer streaming and other entertainment. Theta’s team might explain a lot of its success, with advisors including Steve Chen and Justin Kan – co-founders of YouTube and Twitch respectively. The platform’s two-layer consensus mechanism is based on Validator and Guardian Nodes; these Guardian nodes are run by members of Theta’s community staking above a minimum number of tokens, who earn TFUEL (the currency powering THETA.tv) in return. Theta’s Proof-of-stake protocol rewards node-running proportionately to the amount of THETA staked – in short, the more someone stakes, the more they’ll be rewarded, thereby incentivising interaction with the currency while supporting the network.

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