Live theta/INR Price
Live theta/INR Price
100 Cr. THETA
58% Buy 42% Sell
– It works on the Proof-of-Stake (PoS) consensus Algorithm and Byzantine Fault Tolerance (BFT) mechanism to provide security to the network.
– It was an ERC-20 token but was later changed to THETA main net.
– THETA is the governance token of the Theta Network ecosystem.
– It has a market capitalization of more than $6 billion.
– It has a maximum supply of 1 billion THETA coins.
Theta Network is a decentralized video streaming network that allows users to share their spare bandwidth and, in return, reward them with tokens. It works on a Peer-to-Peer (P2P) basis and gives a tough competition to centralized video streaming services like Youtube, Netflix, etc.
Theta Network also hosts TFUEL, which is used to power the transactions on the blockchain.
– Theta Network’s consensus mechanism is strong as it requires both validator nodes and guardian nodes for extra security.
– Users aspiring for validator nodes are required to stake a minimum of 10,000,000 THETA tokens, while Guardian Nodes need to only stake 100,000 THETA.
– Being open-source software, Theta Network allows developers to build decentralized applications on top of it.
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