What is Theta Network (THETA)?
Theta Network is a decentralized software and digital network that seeks to incentivize a global computer network to operate as a video streaming platform whose participants own their own unique data.
The Theta Network was developed and launched in 2017 and is somewhat of a modern content distribution network (CDN). CDNs are location-dependent operating systems that manage the content distribution for games and other digital platforms.
According to Theta Network, the CDN model which consists of geographically positioned networks of operators, has limitations in keeping up with increasingly high-quality streams. Theta Network hopes to facilitate video streaming on its own decentralized network, different from the way the heavily-leveraged service has been managed largely until decentralization became more heavily adopted and implemented across industry lines.
Due to the nature of the decentralized space, as more users join the Theta Network blockchain ecosystem, the more bandwidth becomes available to users of the platform. This is because Theta Network incentivizes and rewards users who assist in the video delivery process by dedicating spare bandwidth and resources used to carry it out.
There are two cryptocurrencies associated with Theta Network: its governance coin THETA and another coin, TFUEL. THETA holders are able to vote on changes to the decentralized protocol, while TFUEL is used in transactions on the independent THETA blockchain network.
THETA is listed on Binance for trade and purchase. THETA price is updated and available in real-time on Binance.