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Theta Network price, market cap on Coin360 heatmap

Theta Network(THETA)

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$1.0429
(6.91%)
0.00003667 BTC
Market Cap (Rank#51)
$1,042,946,803
36,669 BTC
Vol 24h
$13,912,992
489.161 BTC
Circulating Supply
1,000,000,000
Max Supply
1,000,000,000
7h ago cryptodaily
Despite Recent Setbacks, Crypto Idealism Is Still Alive And Well
The cryptocurrency industry has undoubtedly had a rocky few years. From high-profile scams to market crashes and regulatory hurdles, the industry has faced numerous setbacks that have shaken the confidence of even the most ardent crypto idealists. The "idealist" crypto projects and platforms can help unlock practical value. Adhering to core principles, such as decentralization, user control, and being verifiable, is essential to make a lasting industry impact. Those approaches introduce many new hurdles and challenges, but the following platforms continue innovating and pushing the industry forward - keeping crypto idealism alive. Theta Network (Decentralized Video Streaming) The decentralized video delivery network aims to disrupt the traditional video streaming industry. It uses blockchain technology to create a peer-to-peer network of users sharing video content, reducing the need for centralized servers and cutting costs. Theta Network also rewards users who contribute their computing resources to the network with Theta tokens, which can be used to access premium content and services on the platform. Theta Network has partnered with some of the biggest names in the video streaming industry, including Samsung, Google, and MGM Studios. As a result, it has a growing user base of millions of users worldwide. In addition, the platform's unique approach to video delivery has earned it praise from industry experts, and it has the potential to disrupt the traditional video streaming industry in a significant way. Nimiq (Crypto For Everyone) Nimiq is a decentralized cryptocurrency project that aims to make cryptocurrency accessible to everyone through a user-friendly and easy-to-use platform. A crucial boon of Nimiq is its focus on usability and accessibility, which makes it ideal for new users looking to enter the cryptocurrency world. That approach has given birth to various tools and infrastructure solutions to enable mass cryptocurrency adoption. A core benefit of Nimiq is its fast transaction times. Nimiq uses a unique consensus algorithm called Albatross, which allows for near-instant transactions. That is a significant advantage compared to other cryptocurrencies, which may take several minutes or even hours to confirm transactions. In essence, Nimiq is a decentralized payment solution with a native blockchain. Its team aims to usher in a global monetary system without intermediaries. In addition, its solution is non-discriminatory, secure, cheap, eco-friendly, and collaborative. It also removes concerns over market volatility, technical expertise requirements, and clunky interfaces. Cardano (Blockchain Infrastructure) Another platform that crypto idealists should keep their eye on is Cardano. Founded by Charles Hoskinson, one of the original co-founders of Ethereum, Cardano aims to create a more sustainable and scalable blockchain platform than its predecessors. Unlike other blockchain platforms that use proof-of-work algorithms to verify transactions, Cardano uses a more energy-efficient and scalable proof-of-stake consensus mechanism. Cardano also aims to provide greater security and transparency than other blockchain platforms by separating its transaction validation and computation processes into two separate layers. This approach allows for greater flexibility and efficiency and makes it easier to update the platform over time. Cardano's commitment to sustainability, scalability, and security has earned it a loyal following among crypto enthusiasts, and it has already established partnerships with several major companies and organizations. Lens Protocol (Decentralized Social Media) Lens Protocol is a decentralized platform built on the Polygon blockchain that allows users to create, trade, and manage synthetic assets. These synthetic assets are created by mirroring the value of other assets, such as commodities, stocks, and fiat currencies. It allows users to gain exposure to the underlying asset without owning it. The Lens Protocol platform is powered by smart contracts that ensure the accuracy and transparency of each transaction. Users can create synthetic assets or invest in existing ones called lenses. Each lens is backed by collateral, which is held in a smart contract, and the underlying asset's value determines its value. When a user invests in a lens, they receive a corresponding amount of synthetic tokens, which can be traded or redeemed for the underlying asset at any time. The Lens Protocol platform also includes a governance system that allows users to vote on proposals related to the platform's development and management. That gives users a say in how the platform operates and ensures it remains community-driven and decentralized. Overall, Lens Protocol provides a flexible and efficient way for users to gain exposure to a wide range of assets while leveraging the security and speed of the Polygon blockchain. To conclude, there is still a lot of activity in the cryptocurrency and blockchain space. While the overarching market momentum may remain volatile, builders put their best foot forward to unlock a brighter future. The projects outlined above showcase the building blocks users can experiment with today and in the future. Moreover, the varied approach by developers to explore different concepts - video streaming, social media, and making crypto more accessible - confirms the evolution of overall infrastructure. There is much more potential to unlock in the industry, as a decentralized web is inevitable at this point. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Theta Network?

The live price of Theta Network (THETA) today is 1.0429 USD, and with the current circulating supply of Theta Network at 1,000,000,000 THETA, its market capitalization stands at 1,042,946,803 USD. In the last 24 hours THETA price has moved 0.015865 USD or 0.02% while 10,546,750 USD worth of THETA has been traded on various exchanges. The current valuation of THETA puts it at #51 in cryptocurrency rankings based on market capitalization.

Learn more about the Theta Network blockchain network and how it works or follow the price of its native cryptocurrency THETA and the broader market with our unique COIN360 cryptocurrency heatmap.

Co-founded in 2017 by serial entrepreneur Mitch Liu and virtual reality live streaming expert Jieyi Long, Theta is a peer-to-peer blockchain network that enables free and decentralized delivery of high-bandwidth video content. 

Users of Theta network can voluntarily contribute spare bandwidth and computing resources in exchange for rewards. The more the number of users, the more the bandwidth available, and the better the quality of the videos. 

The Theta blockchain has two native tokens — Theta Coin (THETA), which allows token holders to vote on updates and changes to the protocol, and TFUEL, which is required to pay for transactions on the blockchain. 

Like Ethereum, Theta is also smart contract enabled, allowing developers to build decentralized applications on the network. The Theta coin’s enterprise validators include Samsung, Sony Europe, Binance, Google, and Blockchain Ventures, among others. 

THETA price 

Since its inception in 2018, THETA token price grew consistently without any major spikes or drops. THETA coin’s first price rally started in late December 2020, two years after its launch, according to our live price chart for THETA/USD. From just over $2 on Jan. 2, 2021, THETA price continued to climb, reaching almost $16 on April. 16, 2022.

However, the price of THETA declined sharply over the next three months, dropping below $3.5 by July 2021. By the end of 2021, THETA price had fallen below $5, losing most of its gains during the year. Amid the larger crypto market bear run, THETA price continued to trade well below $5.50 during the first half of 2022.

How Theta works

The Theta network utilizes the proof-of-stake (PoS) consensus mechanism to record transactions on its network. There are three groups of users that play crucial roles in the network's functioning and security.

The enterprise validator nodes stake their tokens in order to validate transactions on the network. The guardian nodes then confirm that the transactions suggested are accurate — adding an extra layer of security to the network. Finally, the edge nodes add bandwidth to the network to receive TFUEL as reward.

In order to become validators on the network, users need to stake THETA coins — the validator nodes need to stake a minimum of 10 million THETA coins and guardian nodes need to stake at least 100,000 THETA tokens. Additionally, THETA coins are also governance tokens and the voting power of token holders is proportional to the amount of staked assets. 

Theta fuel (TFUEL) token can be used to send and receive payments, to pay for transactions on the Theta network, and for the deployment and processing of smart contracts. 

THETA news, updates, and highlights

In February 2018, the Theta team raised around $20 million to fund the development of the ecosystem via a private token sale to investors including Nirvana Capital, Sierra Ventures, and Venture Reality Fund, among others. Live streaming platform Twitch's co-founder Justin Kan and YouTube co-founder Steve Chen were also advisors to the Theta team. 

In May 2020, Samsung added gaming and esports video streaming platform Theta.tv to its smartphones — vastly increasing the ease of accessibility to the network. A few days later, Google partnered with Theta Labs to help the network onboard users using Google Cloud. A year later, in June 2021, the Theta mainnet was launched, which then caused a major movement in THETA price action.

Frequently asked questions about THETA

  • Can you mine THETA or stake them for rewards?

Like other cryptocurrencies that use the PoS mechanism, THETA coins cannot be mined. But you can stake THETA tokens to become validators in the network and earn rewards in TFUEL in exchange for securing the network.  

  • What is the maximum supply of THETA coins?

Like most cryptocurrencies, the number of THETA tokens is also limited — its maximum supply is capped at 1 billion coins.

  • What can you do with THETA?

Apart from staking THETA coins to secure the network, token holders can use them for payments and vote on proposals to improve the ecosystem. 

  • What are the best wallets for THETA? 

You can store both THETA and TFUEL tokens in the official THETA wallet app, or other compatible third-party cold or hot wallets including Trezor, MetaMask, Atomic Wallet, and more.

  • How to buy and sell THETA?

You can use cryptocurrencies like BTC, ETH, USDT, and others to buy THETA coins on exchanges like OKX, KuCoin, HitBTC, and more. You can also buy THETA with local fiat currencies on exchanges including NEXO, or swap other tokens for THETA on decentralized exchanges like ThetaSwap.

Theta Network Price1.0429 USD
Market Rank#51
Market Cap1,042,946,803 USD
24h Volume13,912,992 USD
Circulating Supply1,000,000,000 THETA
Max Supply1,000,000,000 THETA
Yesterday's Market Cap976,147,640.42 USD
Yesterday's Open / Close0.960283 USD / 0.976148 USD
Yesterday's High / Low0.981725 USD / 0.95226 USD
Yesterday's Change
0.02% ( 0.015865 USD )
Yesterday's Volume10,546,750.09 USD
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