Quick Facts

Approximate Market Cap$3,948,897,872
Year Established2017
FounderMitch Liu

Today, geographically distributed networks of operators (CDNs), are compensated to provide video stream content to end customers. Existing CDNs are unable to maintain progressively high-quality broadcasts due to geographical constraints.

 The emergence of live video streaming services coincided with the creation of blockchain technology. It was the driving factor for crypto fans to attempt to combine both under a single ecosystem. The system is known as the Theta platform.

Theta creator’s idea was to build a video distribution network on top of the customized Theta blockchain. The distribution network provided a setting for decentralized video streaming. Theta’s blockchain created conditions for the platform’s THETA token to be used.

What is Theta – Definition

Theta Network is a decentralized video distribution network. It has its own cryptocurrency, the THETA coin.

Theta creator’s idea was to build a video distribution network on top of the customized Theta blockchain. The distribution network provided a setting for decentralized video streaming. Theta’s blockchain created conditions for the platform’s THETA token to be used.

Theta produces two kinds of coins:

  • THETA is a governance token. It lets users operate the platform’s services and protects the blockchain.
  • Theta fuel (TFUEL) is a sort of currency that users receive for watching broadcasts on the network.

Theta is open-source software. Users of Theta have the opportunity to offer extra bandwidth and resources in exchange for tokens. They may also create DApps on the platform’s smart contract framework.

To store or invest THETA and TFUEL tokens, Theta users can download the native Theta Wallet app.

Pros and Cons


  • Enables creation of Dapps
  • Reduces video streaming costs
  • Offers a native wallet app


  • Centralized
  • Cannot be mined
  • Not trading on many exchanges

The History

Mitch Liu and Jieyi Long started Theta in 2017. Steve Chen, co-founder of YouTube, and Justin Kana, co-founder of Twitch,  serve on Theta’s board of advisers.

In 2017, the Theta team launched a private token sale. It generated a value of $20 million. The team offered 30% of the THETA cryptocurrency’s 1 billion unit supply.

THETA debuted in 2018. It was issued to users as an ERC-20 token on Ethereum.  At that time,  Theta tokens did not have any utilitarian value. However, on March 15, 2019, Theta transferred to its original mainnet. The tokens were exchanged 1:1 for the new Theta tokens, which are based on Theta’s new blockchain.

How Theta Works

Theta offers a variety of blockchain solutions to conventional video streaming challenges. The infrastructure delivers superior video streaming at a lower cost than conventional service providers. It enables a variety of incentive structures for decentralized bandwidth and sharing of content.

Theta’s blockchain is built on a proof-of-stake system. That means token holders can make governance determinations. The quantity of THETA staked determines voting power.

Theta is driven by three distinct types of participants:

  • Enterprise validator Nodes;
  • Guardian Nodes;
  • Edge Nodes.

Theta runs on a modified PoS control mechanism. It maintains the dispersed network of machines running the Theta Network. Theta’s consensus method varies from standard PoS in that it involves both validator and guardian nodes. This gives an extra layer of protection to the protocol.

Advantages & Disadvantages


Access to a global framework

Theta gives simple and dependable access to infrastructures for various information distribution and video content.


Theta network enables the creation of various vertical decentralized apps (Dapps).

The use of the Ethereum ecosystem

The major advantage of Theta is that investors may leverage the Ethereum ecosystem to streamline their cryptocurrency experience.


Highly centralized

The biggest issue with Theta is that the initial token sale was not accessible to the public. This resulted in a high level of centralized control over the distribution of Theta tokens.

Low liquidity

There isn’t a lot of Theta trading on cryptocurrency exchanges. This is due to the high amount of centralization seen in the original token distribution.

Theta in the Global Crypto Market

The Theta token’s market cap is approximately $6,858,117,914. Theta’s total supply is limited to one billion units, with around 870 million currently in circulation. This supply ratio is intended to reassure investors by preventing unanticipated reduction of the supply pool.

Theta tokens may be purchased on many popular cryptocurrency exchanges.  Theta tokens can be kept in any wallet that supports the ERC20 standard once purchased.


What are the applications of Theta?

THETA enables nodes to validate transactions, generate blocks, vote on network improvements, and receive TFUEL as a reward. TFUEL is also used as payment for transactions on Theta and as a micropayment currency.

How many Theta coins are there?

THETA’s total quantity is limited to one billion tokens. It is divided among all network members, as well as the Theta team and a reserve pool, in varying amounts.

How Secure Is the Theta Network?

Theta employs a financial incentive structure to encourage user engagement in governance activities. As a result, its network is protected by its own users.