Theta $THETA is a blockchain-powered network built specifically for video streaming.
Theta mainnet operates as a decentralized network where users share bandwidth and computing resources on a peer-to-peer (P2P) basis
The project was suggested by YouTube co-founder Steve Chen and Twitch co-founder Justin Kan.
Theta has its own native cryptocurrency token, namely $THETA Coin, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe, and Samsung as Enterprise validators, along with the Guardian network.
The developer says the project aims to shake up the video streaming industry in its current, centralized form.
Theta Fuel $TFUEL is one of two native cryptos moving on the Theta Network Blockchain.
$TFUEL acts as a token that is intended as a fee or gas transaction tool on the Theta Blockchain.
$TFUEL becomes the primary token for transaction fees when sharing streaming or broadcasting videos, when creating smart contracts, and when interacting with Non Fungible Tokens (NFT) and Decentralized Finance (DeFi) on the Theta Blockchain.
