Theta is a video streaming network powered by blockchain technology. Users on the Theta mainnet exchange bandwidth and computational resources using peer-to-peer (P2P) networks, which were launched in March 2019.
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As an Enterprise Validator, Theta is backed by giants such as Google, Binance, Blockchain Ventures, Gumi, Sony Europe, and Samsung, as well as hundreds of community-run guardian nodes.
The project's developers say that they hope to revolutionize the video streaming market, which is now dominated by centralization, bad infrastructure, and expensive expenses.
When it comes to content creators, they also lose out on money because of the obstacles that exist between them and their audience.
| Component | Theta (THETA) |
| Technologies | PoS, Multi-level Byzantine Fault Tolerance, Guardian nodes, and more |
| Market Capitalization | $5.2 Billion+ |
| Open-Source | Yes |
| Consensus Mechanism | Proof of Stake |
| Smart Contracts | Yes |
| Founders/Authors | Mitch Liu and Jieyi Long |
| Launch Date | 2019 |
| Circulating Supply of Coins | 1,000,000,000 THETA |
| Maximum Coin Supply | 1,000,000,000 THETA |
| Mining-based Coin? | No |
| Is Theta a Stablecoin? | No |
| Does Theta have a burn rate? | Yes, with Theta 3.0 |
| Does Theta have a Whitepaper? | Yes, the white paper can be viewed here |
Evolution and Development of Theta
Mitch Liu is well-known as a serial entrepreneur who was involved with the development of mobile gaming and online advertising firms. Another co-founder Jieyi Long is an expert in virtual reality live streaming technology.
These two founders created Theta in 2017, and during the same year, the team behind Theta held a private token sale, selling 30% of THETA's maximum 1-billion-unit supply to generate the equivalent of $20 million to fund the project's first development.
Theta Labs, the firm that founded Theta Network, now operates a streaming service called Theta.tv. The service compensates viewers in TFUEL for watching video material, which is “forwarded” to other viewers while they are watching, utilizing some of the primary users' processing capability.
The advisory board of Theta Network includes Justin Kana, co-founder of Twitch, Steve Chen, co-founder of YouTube, and several Verizon top officials.
What makes Theta unique?
Theta's blockchain network is built on a peer-to-peer (P2P) system that rewards players for content sharing in real-time. Additionally, the network enables developers to create DApps using a proprietary and open-source blockchain architecture.
Theta has a proof-of-stake consensus method like Tendermint's staking-based blockchain architecture. This means that participants must store a substantial number of THETA tokens to obtain the privilege to execute transaction blocks.
Three types of participants fuel Theta's blockchain network are listed below.
- Enterprise Nodes include companies that stake THETA tokens to perform network transactions. Sony, Creative Artists Agency, Google, and Samsung are all recognized validator nodes. Participants must stake 1 million THETA coins to become validator nodes.
- Guardian nodes are community nodes tasked with securing consensus at certain points. To add a second degree of security to the protocol, they validate the transaction blocks produced by corporate validator nodes. Untrusted blocks are stopped by guardian nodes. Only 1,000 THETA coins are required.
- Edge nodes allow users to share bandwidth and transmit video broadcasts to Theta.tv. They get TFUEL for helping the network. Theta Network offers peer-to-peer streaming without a centralized distribution platform.
What are the main uses for Theta?
Theta's mesh network is made up of nodes that can communicate with each other. These nodes connect the network and form the backbone of Theta's bandwidth sharing mechanism. Simultaneously, the Theta blockchain technology allows nodes to join the network.
TFUEL rewards Theta Network participants that help spread media content as edge nodes. The platform pays for the content delivery; thus, the service is free.
Edge nodes often transmit video in tiny chunks, so consumers see material from different community nodes. Like BitTorrent, users were rewarded for distributing material and speeding up downloads.
THETA is a governance token meant to assist in controlling the blockchain and its future development. THETA's fixed supply of 1 billion coins prevents inflation.
Theta currencies can be staked for TFUEL; however, guardian nodes require 1,000 tokens and enterprise validators require 1 million tokens.
What is the future potential for Theta?
Theta is a blockchain initiative in the video streaming sector, which is expected to expand at over 18% CAGR from 2020-24, with greater long-term expansion as technologies like blockchain and virtual reality evolve.
YouTube, Twitch, and Netflix could benefit from Theta's efforts to lower streaming costs and streamline distribution, potentially accelerating the rise of completely decentralized video delivery services.
To assist earn a market share in this burgeoning business, Theta is launching its 3.0 mainnet.
Our projected growth for the ThetaDrop NFT marketplace, platform licensing to third parties, and other development plans would result in over 250M TFUEL burnt every year, knocking out most yearly TFUEL inflation. Theta Labs posted on Medium.
Theta can build cross-chain bridges between the proprietary system and network, Ethereum, and a variety of other networks, allowing Elite Edge Nodes to become the decentralized storage where NFTs can be stored, reducing expenses involved with minting NFTs on the Etheruem network.
Price analysis on Theta
Theta was initially launched in 2019, and its price analysis over the past two years are indicated as follows:
| 2019 | 2020 | 2021 to date | |
| THETA Price High | $0.185 | $1.86 | $14.28 |
| THETA Price Low | $0.04 | $0.05 | $1.74 |
| Market Cap | $31.2M | $1.86B | $14.28B |
Price prediction on Theta
The trend that currently surrounds THETA is expected to flatten at some point, and the THETA token may rebound from its present low and sell around $20 by the end of 2023.
THETA's short-term rallies and prospective long-term benefits are predicted using a logical algorithm. By the end of January 2023, the THETA price may achieve the objective of $17.
THETA has a bright future ahead of it. It may suffer a minor setback, but bulls will return around 2024, and its price may soar to $60.
According to qualified cryptocurrency experts, long-term growth is projected. The forecast price for 2026 is $91.393. With a five-year investment, revenue is predicted to increase by around +770.91%.
Which wallets are the best option for storing Theta?
Crypto wallets are software applications, web extensions, physical devices, or mobile apps that allow crypto traders and investors to store their coins. These wallets also allow users to send and receive funds.
The best wallet options for THETA are listed below.
- Ledger
- Trezor
- Trust Wallet
- Theta Wallet Application
- Theta Web Wallet
1. Ledger: Theta is often stored and used in Ledger wallets, which are the most secure wallets available. Because they are hardware wallets, they are among the safest options available. Ledger Nano S and Ledger Nano X wallets are examples of this type of hardware wallet.
Additionally, users may manage their currencies effortlessly using the Ledger Live app on their smartphone devices or desktop PCs. This adds additional functionality for users who wish to utilize their wallets to acquire cryptocurrencies, stake coins, or participate in other decentralized finance (DeFi) apps.
2. Trezor: Trezor, another physical wallet option, is a formidable rival to Ledger's offering. Indeed, it is one of the largest hardware wallets available in the crypto industry. Rather than focusing exclusively on a few coins, Trezor has developed a wallet that enables investors to store and manage a diverse array of virtual currencies.
3. Trust Wallet: Trust Wallet is one of the greatest multi-crypto wallet alternatives available in the crypto market for crypto enthusiasts looking for a multi-crypto wallet. Due to the high number of coins is supported in recent times, this digital wallet has become one of the most sophisticated on the market.
4. Theta Wallet Application: A Theta Wallet has been built specifically for people who wish to manage Theta currency. This wallet, dubbed the Theta wallet software, allows users to manage and store Theta currencies and TFUEL tokens securely.
This wallet will provide customers with the functionality of a standard wallet while providing them with the assurance that the Theta Network development team designed it.
5. Theta Web Wallet: Additionally, the Theta online wallet allows the user to store and manage Theta currencies quickly and easily. This is the Theta network's official wallet, and it allows users to effortlessly store their Theta or TFUEL tokens wherever they are.
Users can keep their private keys on hardware devices, which enables a highly user-friendly interface while ensuring that their cash is always safe. By providing their private key or mnemonic phrase, users can establish a new wallet or connect to a current one.
Where can you buy Theta?
THETA can be bought, sold, and traded on the following exchanges.
- Kriptomat
- Binance
- Kucoin
- Gate.io
- OKEx
1. Kriptomat: Kriptomat is an EU-based cryptocurrency trading and wallet service. Kriptomat's objective is to introduce crypto to every home by making it easy to access different tokens. The platform is offered in 23 languages and offers its services to over 80 countries.
| PROS | CONS |
| Offers more than 200 supported cryptocurrencies that can be traded | The platform does not accept clients from the United States |
| The platform is insured by Fireblocks | |
| The platform is multilingual and is available in many countries |
2. Binance: Binance is the best place to purchase Theta tokens. Binance is an extremely large exchange according to trading volume in addition to being reputable and boasting with a high trust score. The exchange was originally based in Hong Kong, and Binance's terms are still governed by Hong Kong law.
While Binance is not listed on a stock exchange, Binance is used by millions of crypto enthusiasts, traders, and investors of all experience levels.
| PROS | CONS |
| The platform has low fees | There are some issues with account verification |
| There is a large coin selection available for enthusiasts, traders, and investors | There is a lack of transparency where the corporate structure is concerned |
| There are many additional services offered |
3. Kucoin: KuCoin cryptocurrency exchange that supports a range of functions such as the purchase, sale, and exchange of a range of crypto assets. KuCoin was established in May 2017 by an expert team who had previously worked on Ant Financial and iBox PAY.
The creators wanted to establish a simple and secure platform for individuals all around the world to exchange digital currency.
| PROS | CONS |
| KuCoin provides traders with the ability to participate in anonymous trading | The platform has low trading volumes |
| The platform is secure and has a high level of trustworthiness | |
| The crypto exchange supports a range of crypto assets that can be traded |
4. Gate.io: Gate.io is a platform that aggregates a plethora of cryptocurrencies and marketplaces. Gate.io makes its fees available for each market and trading type, and this pricing is extremely reasonable.
The service charges no more than 0.2% on market activity, with rates ranging from 5% to 18% on crypto lending and extremely low withdrawal costs overall.
| PROS | CONS |
| There is a wide range of digital assets to choose from | The functionality can be confusing for new traders |
| The platform supports a range of trading styles | The customer support system is extremely busy |
| The exchange is known for its enhanced and industry-leading security features | |
| The platform charges low trading costs | |
| There is a high-quality mobile trading app offered | |
| The platform has a high trust score |
5. OKEx: OKEx is a decentralized cryptocurrency exchange trading platform that enables users to purchase, sell, and trade a variety of cryptocurrencies.
Additionally, it allows for the lending and borrowing of certain cryptocurrencies. Now, OKEx supports over 100 cryptocurrencies, including over 400 crypto trading pairings.
| PROS | CONS |
| There are several digital assets to choose from, providing traders with a plethora of trading opportunities | The trading interface can be confusing for newbies |
| The exchange has advanced security features | The fee structure is complex |
| There are margin and futures trading options offered | The platform does not cater for United States clients |
| There is a native wallet service provided | |
| The platform supports various proof of work opportunities for mining-based coins |
You can buy Theta safely from these cryptocurrency platforms.
Does Theta use coin burns?
Yes, Theta has coin burns.
Theta edge network will charge a “network fee” to offset the new TFuel supply. For example, by moving infrastructure expenses to user rewards, Theta network partners may save money on content delivery networks (CDNs), boost user engagement, and increase profits.
All of this comes at no extra expense to the platform partner. Following the update in June 2023, 25% of each TFuel payment to the edge network is burnt at the protocol level, thus increasing the network's cost. As Theta's edge network spreads, it may decrease the availability of TFuel.
What is Theta’s largest Competitor?
The largest competitor of Theta is Golem.
Golem is a piece of software that encourages users to manage a market for the purchase and sale of computing resources in return for bitcoin. Golem is an early initiative of Ethereum, and it aimed to become a supercomputer that could seamlessly connect both buyers and sellers.
The aim was to do this using a wide range of calculations and technologies, including Artificial Intelligence (AI), CGI rendering, crypto mining, and several more. The software of this project was specifically created to accommodate trading effortlessly by connecting different market participants who cannot complete projects with individuals who can.
Subsequently, these users who provide resources to the Golem network are rewarded with GNT, Golem's native cryptocurrency. Thus, the architects of Golem view the network as a user-controlled alternative to existing cloud computing services that already link individuals seeking computational tasks.
What is the Staking Process involved with Theta?
Like other blockchains, Theta employs Proof-of-Stake (PoS). Unlike Proof-of-Work (PoW), where significant processing power is necessary to maintain the system, PoS nodes simply lock their money to validate all network transactions.
Theta blockchain nodes are separated into Edge, Guardian, and Validator nodes. The Edge Nodes are simply anyone who can stream on Theta.tv and share a percentage of their Internet speed. They get TFUEL in return. Guardian Nodes protect Enterprise Nodes.
They oversee ensuring the performance of the blocks generated by enterprise validators and uploaded to the chain. They stop harmful blockages. Theta staking is now required to run a guardian node.
Validator nodes are firms that stake a lot of tokens to process all network transactions. Google, Samsung, Sony, and others have staked one million Theta devices.
What can Theta smart contracts do?
Theta Ledger provides a smart contract runtime framework compatible with Ethereum. It fully supports Turing-Complete smart contracts. Solidity-based Ethereum smart contracts could be easily converted to Theta Ledger.
The Solidity developer community was provided access to contribute to Theta, and this guaranteed that there would always be compatibility between Theta and the Ethereum EVM.
Smart contracts offer new attribution models and user experiences for Theta Ledger video platform DApps. Platform DApps can encourage users to a higher level based on their activity or the number of video segments/data they have conveyed.
To present their favourite content providers, video networks can issue virtual products backed by the blockchain (e.g., a virtual rose).
Using the “non-fungible token” protocol, the virtual things might be scarce or wholly unique, making them “crypto-collectibles” that can be preserved as trophies or swapped for other sought-after treasures, all without third-party consent.
Video platforms may also develop smart contracts that allow for more flexible payment structures like pay-per-use or pay-per-view. Instead of annual or monthly memberships, consumers may pay just for what they use.
This is a practical approach to trade low-cost, short-form content that benefits both the streaming platform and the viewer. This is possible because Theta Ledger can track micropayments and video portions.
Smart contracts may also be developed to help content providers (e.g., UGC producers, bigger production companies) by distributing royalties equitably and openly.
Traditional royalty payment systems may be accommodated with explicit smart contract rules agreed upon by producers and distributors – and rendered available to consumers of content.
Is Theta a Good Investment?
Yes, Theta is a good investment based on the following reasons:
- It makes it easy to share the bandwidth access of users with other individuals on the network as users make money through Theta Network.
- There have been global restrictions employed on social data recently, and Theta can easily fulfill this need by offering social data and video footage.
- Theta is an open-source cryptocurrency and blockchain-based project that provides its users with a variety of media resources. It has facilitated access to music, films, and other peer-to-peer streaming services.
- Theta improves the entire bitcoin experience by allowing users to leverage the Ethereum DApp ecosystem to streamline their transactions.
- Theta is interwoven with interactive and communicative networks, which allows for the development of varied, decentralized applications (DApps).
What is the supply and distribution of Theta?
As an ERC20 token, the quantity of Theta tokens is presently limited to one billion. When Theta’s mainnet was launched, every ERC-20 token holder received tokens at a 1:1 rate on the new blockchain.
On the new blockchain, the quantity of native Theta will likewise be permanently set at 1 billion, implying that no new Theta tokens will ever be generated.
The major rationale for capping the number of Theta tokens is to make it incredibly expensive for a bad actor to acquire sufficient tokens to pose a threat to the network.
Because additional Theta tokens will never be generated, the only method to obtain more is to purchase current tokens, gradually increasing the cost of amassing enough Theta tokens.
Is Theta a viable Alternative Coin?
Yes, Theta is a good alternative coin based on the following factors.
- Traceability – While transactions are recorded publically, the identities and addresses of users are not published.
- Hacking – Theta has not experienced a blockchain hack or attack yet.
- Security – Theta has robust security protocols in place.
Any cryptocurrency that isn't Bitcoin is referred to as an altcoin.
What are the differences between Theta And Bitcoin?
Bitcoin was the first cryptocurrency ever created, and today it is the largest and most valuable coin by a wide margin. Bitcoin is primarily used as a medium of exchange and a store of value because of its scarcity and widespread adoption.
The Theta Network touts itself as a decentralized streaming video protocol that is based on bitcoin's blockchain technology to allow its users to donate their spare bandwidth and processing capabilities in return for token payments.
The cooperation with Google, which recently launched Stadia, can be seen as a validation of Theta Labs' decentralized video technology and business model, which is something that could boost Theta past many competitors and other popular alternative coins.
| Bitcoin | Theta | |
| Price change 20/21 | +400% | +170% |
| Market Cap | $800 Billion+ | $5.2 Billion+ |
| Past Hacks | None | None |
| Popularity | Very High | Medium |
| Altcoin Rank | #1 – Original Crypto | #36 |
What are the differences between Theta and Ethereum?
Ethereum is an open-source, decentralized initiative that ensures the secure execution of smart contracts and decentralized applications (DApps) without a third party.
Ether (ETH) is the Ethereum blockchain's native currency. This project is like Theta; however, it is built to disrupt video distribution networks. It is a platform for streamers and vloggers. To compete with today's streaming services, Theta's revolutionary platform has been active in the crypto business since 2017.
Theta is unlike typical video networks like YouTube in that viewers earn money. Theta appears to be the best and riskiest investment based on past performance. Considering Theta's market value is significantly less than Ethereum's, this is not surprising.
| Ethereum | Theta | |
| Price change 20/21 | +880% | +170% |
| Market Cap | $460 Billion+ | $5.2 Billion+ |
| Past Hacks | None | None |
| Popularity | Very High | Medium |
| Altcoin Rank | #2 | #36 |
What are the differences between Theta and Dogecoin?
Dogecoin is a 2013 cryptocurrency joke. It is a sarcastic tribute to bitcoin aimed to make people chuckle. It is named after an online joke featuring a Shiba Inu dog with incorrect spelling (i.e., “doge” instead of “dog”).
Dogecoin is an “inflationary coin,” whereas Bitcoin is deflationary due to a cap on coin creation. DOGE is a wonderful investment for novices since it allows them to see what crypto trading all is about.
Theta is a decentralized infrastructure that aims to improve video streaming. Traditionally, companies or websites delivering video streaming material stored it all in one place.
This may seem useful at first, but if too many people attempt to access the information at the same time, the stream might become choppy.
Streaming providers will use a content delivery system to distribute a set of servers, reducing the load on one single access point and assuring a seamless broadcast. But it is not free.
Theta blockchain seeks to challenge this approach by creating a peer-to-peer network that taps into spare computer capacity.
| Dogecoin | Theta | |
| Price change 20/21 | +7,300% | +170% |
| Market Cap | $22 Billion+ | $5.2 Billion+ |
| Past Hacks | None | None |
| Popularity | High | Medium |
| Altcoin Rank | #12 | #36 |
What are the differences between Theta and Neo?
Da HongFei and Erik Zhang created Neo (previously Antshares) in 2014. The project's objective is to create a “smart economy” using blockchain-based technology and smart contracts to create and govern digital assets.
Theta is a decentralized video distribution network and cryptocurrency. This new platform offers technological and economical answers to the streaming industry's issues. Because of this, the Theta blockchain was developed to encourage network bandwidth sharing.
| NEO | Theta | |
| Price change 20/21 | +160% | +170% |
| Market Cap | $1.70 Billion+ | $5.2 Billion+ |
| Past Hacks | None | None |
| Popularity | Medium | Medium |
| Altcoin Rank | #69 | #36 |
What are the differences between Theta and NFTs?
Nonfungible tokens (NFTs) are digital assets that each have a unique value, with no two NFTs holding the same characteristics or value as another. Theta, on the other hand, is fungible, which means that one THETA has the same value and characteristics as another THETA.
What are the differences between Theta and Solana?
Solana is a decentralized, scalable blockchain network. Solana can handle far more transactions per second and charges significantly less for transactions than competing blockchains.
Theta is a cryptocurrency and a decentralized video distribution network. This new platform addresses the streaming industry's technological and commercial challenges.
| Solana | Theta | |
| Price change 20/21 | +9,300% | +170% |
| Market Cap | $54 Billion+ | $5.2 Billion+ |
| Past Hacks | None | None |
| Popularity | Very High | Medium |
| Altcoin Rank | #5 | #36 |
What are the differences between Theta and Cardano?
Innovators and visionaries may use Cardano's proof-of-stake blockchain to create good global change. This special type of initiative encourages the redistribution of power from certain systems to individuals. Subsequently, it helps to build a safer, equitable, and more transparent society.
One of Theta's key business concepts is decentralizing video streaming, data transmission, and edge computing to make it more efficient, affordable, and fair for all parties.
Theta (THETA) and Theta Fuel (TFUEL) are native tokens that support the network's internal economy.
| Cardano | Theta | |
| Price change 20/21 | +2,100% | +170% |
| Market Cap | $42 Billion+ | $5.2 Billion+ |
| Past Hacks | None | None |
| Popularity | Very High | Medium |
| Altcoin Rank | #7 | #36 |
What is the Ledger Wallet?
Ledger wallets are physical wallet devices that were created by Ledger, a French business headquartered in San Francisco, California.
In 2014, eight professionals in integrated security, cryptocurrency, and business founded Ledger to safeguard cryptocurrency funds across crypto networks, platforms, and blockchain applications.
Ledger's hardware wallets hold many cryptocurrencies' private keys offline. Cryptographic private keys are required to conduct cryptocurrency transactions.
However, when these keys are stored online, they can be stolen or hacked by malicious market participants. This has led to cryptocurrency users creating new storage methods, which are alternative options to Hot wallets (online), mobile wallets (phone wallets), and paper wallets (stored on paper).
Offline storage refers to a physical device or a hardware wallet. It holds the user's private keys (an essential piece of information necessary to approve outbound blockchain transactions) in a secure physical device.
These devices employ storage mechanisms—USB drives—to hold private keys, making it harder for hackers to access them online. Ledger has two hardware wallets: the Nano S and the Nano X.
The Nano range consists of physical devices that can be used to store, send, and receive crypto assets from a wide range of blockchains and third-party applications. To safeguard the user's crypto holdings, Ledger devices use a Secure Element and proprietary system software.
What is the Trezor Wallet?
Trezor is a hardware wallet that protects private keys for Bitcoin and other cryptocurrencies.
Trezor provides safe transactions without revealing the user's private keys to a hacked machine. Details at Security philosophies. Trezor One protects bitcoin holdings and has sophisticated features like a password manager and U2F two-factor authentication.
The Trezor Model T is the premium hardware wallet. It offers a colorful touchscreen for safe on-device input, a contemporary design, an SD card port, and other innovative features.
Which is more secure to use, Ledger or Trezor?
Even though both Ledger and Trezor are extremely safe in their own capacities, Trezor is regarded to be a superior alternative due to its open-source nature, which makes it more secure.
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