Buy Theta Network (THETA)
What is Theta Network?
Theta Network is a decentralised video delivery network that operates on its own dedicated blockchain. It is designed to enhance video streaming quality and reduce associated costs by leveraging peer-to-peer bandwidth sharing. Theta aims to solve problems related to traditional video streaming services, such as high costs and poor quality due to centralised infrastructure, while also providing additional revenue opportunities for media companies.
How does Theta Network work?
Theta Network utilises a proof-of-stake consensus mechanism with a model known as Multi-Level Byzantine Fault Tolerance (BFT). This innovative approach involves Validator nodes that create blocks and Guardian nodes that secure the blockchain by finalising these blocks. The Edge Network, comprising community-hosted Edge Nodes, facilitates the streaming and caching of video data. Moreover, Theta implements a dual-token economy where the THETA token is used for staking and governance, and TFUEL is used for transaction fees and operational activities within the network.
What are the potential use cases for Theta Network?
Theta Network is mainly used for decentralised video streaming, which improves video quality and reduces costs through bandwidth sharing. Other use cases include:
- AI Computing: Using Edge Nodes for distributed AI computing tasks.
- Media and Entertainment: Offering a decentralised platform for content delivery.
- Content Licensing and Monetisation: Through smart contracts.
- Advertising: Supporting targeted advertising and viewer rewards.
- NFT Marketplace: ThetaDrop, in partnership with leading brands, facilitates NFT creation and trading.
What is the history of Theta Network?
Theta Network was founded by Mitch Liu and Jieyi Long in 2017. Theta Labs started its blockchain development in 2016, preceding a private token sale that raised $20 million in 2017. The THETA token was released in 2018 as an ERC-20 token before launching its own mainnet in 2019. Over the years, Theta has evolved significantly, introducing Guardian nodes in 2020, enhancing the Edge Node Network, and adding smart contract capabilities in 2021. Throughout its development, Theta has established significant partnerships, including collaborations with enterprises like Samsung, Sony, and Google, and has garnered strategic investments from notable firms.
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Frequently Asked Questions (FAQs)
What is the current price of Theta Network (THETA)?
The Theta Network price is $3.516 AUD, representing a +15.22% from the day prior.
Where is the best place to buy Theta Network (THETA) in Australia?
The best place to buy Theta Network (THETA) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Theta Network (THETA) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Theta Network (THETA)?
The trading volume of Theta Network (THETA) is $132.5M AUD in the last 24hrs, representing a +15.22% from the day prior.
How can I buy Theta Network (THETA)?
Theta Network (THETA) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Theta Network (THETA)?
The current market cap of Theta Network (THETA) is $3.5B AUD.
Can I convert Theta Network (THETA) to cash?
Yes - With Coinstash you can convert your Theta Network (THETA) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Theta Network (THETA) are there?
The current circulating supply of Theta Network (THETA) is 1.0B.
Is Coinstash a safe place to buy Theta Network (THETA) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Theta Network (THETA) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.