Theta Network announces launching of Mainnet 2.0 by introducing guardian nodes, in this upgrade two-layer consensus mechanism will be added. Theta Blockchain is based on decentralized Video Streaming and Delivery. The main idea behind launching Theta is to improve streaming quality and load time of video, in which user can share their unutilized bandwidth to increase load time of another user. Every time you share bandwidth when your computer or Laptop is off, you will get reward in the Theta Token, and this token you use to send donation, unlock premium content or buy gift items. This idea of enhancing video is brings into reality by Sliver.tv, which is leading E-sports, and live streaming start-up based in Silicon Valley.
While launching of Network it as raised by $17 million by Venture financing and sold over $19.8 million token in ICO and launched mainnet in June 2018. Decentralized video platform has big partner including Samsung VR, Theta.tv, Pandora.TV, CJ Hello, G Fuel, MovieBloc, PlayLabs and more.
Theta network is run on Validator and Gradian node to stake its two tokens first one is Theta Token and second is Theta Fuel. The both can be exchanged into partner Theta Platform or you can use it to pay Video segment, as Theta first token is having huge market supply than Theta Fuel. The ranking difference between these tokens is really huge.
Theta Price Prediction 2020
|Month & Year||Future Forecast|
|July 2020||$0.21 USD|
|August 2020||$0.18 USD|
|September 2020||$0.12 USD|
|October 2020||$0.19 USD|
|November 2020||$0.23 USD|
|December 2020||$0.19 USD|
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Looking at lifetime price graph of Theta Token, which clearly indicate Theta basically in the stable coin category. The since its launch consistency in price fluctuation is up to the mark. so, in my opinion this crypto will be perfect for short-time investor. as following pattern, they are having since 2018 theta maintaining most reached price by Theta is $0.11 USD and they achieved this price for more than 6 times in total. The all time best of Theta token in $0.31 USD, which was achieved in July 2018 and in the same year Theta also reaches to its all time low. In 2019 Theta registered its highest hiked in prices, as this year also this token has chance to break that record by only crossing $0.20 USD mark.
The previous Theta was in ERC-20 Token and later they launched their own blockchain, since beginning they wanted to replace CDN with nodes. CDN spreading to different region and if any user requested content then it delivered from nearest region, which saves load-times and provide faster content delivery. CDN works faster in website and blogging industry, as in Video industry they are lagging, as people requesting 4k, 8K and even higher resolution to load. This CDN also fetched most of rewards from content creator. So, in the proposed network Theta, which enable decentralized peer to peer network delivery to get higher quality and smoother video streaming at global level.
The cost of delivery video streams always high, but in the network there no need to build expensive infrastructure. As theta is open network to allow thousand of developer and partner to build on Dapps.
Network introduced three novel concept listed below.
- Multilevel BFT: in which network modified original BFT consensus to allow number of node so they can participant in the process, but in this process, there is no harm to number of transactions. The current network is delivering more than 1500 transaction per second.
- Signature Gossip Scheme: this scheme available for broadcaster which works as checkpoint between guardian node.
- Resource Oriented micropayment pool: this specially built to create off-chain small payment pool than can withdraw by using off-chain transactions.
Theta Token Forecast 2021 to 2030
|Quarter & Year||Price Prediction|
|Q1 2021||$0.20 USD|
|Q2 2021||$0.15 USD|
|Q3 2021||$0.16 USD|
|Q4 2021||$0.24 USD|
|Q1 2025||$0.31 USD|
|Q2 2025||$0.36 USD|
|Q3 2025||$0.22 USD|
|Q4 2025||$0.54 USD|
|Q1 2030||$0.68 USD|
The report of Video streaming market, where half of audience demanded video streaming, as we know YouTube is 2nd most visited website in world after goolgle. Age group between 18 and 34 are driving huge growth in video streaming. During lockdown due to coronavirus, we have experience huge growth streaming website such as Netflix, HBO and amazon Prime. As since from 2015 to 2020 Streaming industry experience 67% growth in traffic.
The many reddit feedback and other different feedback platform already thumbs up for network, as one user wrote that gaming streaming lags are not fixed by Theta and that was the biggest achievement for them. So, in future they will be the leading Blockchain based Video streaming enhancer and provider and this was the reason company like Samsung, LG and other electronics companies believe in them.
|Project name||Theta Network|
|Ticker symbol||Theta Token|
|Based on||PoS and BFT consensus Blockchain.|
|Established in||December 2017|
|All-time best price||$0.314425 USD|
|Ranking by market cap||#42|
|Trading Platform||Binance, Bithumb, Upbit, BKEX, OKEx, Houbi Global, Digifinex, Gate.io, CoinDCX, WazirX, Hotbit.|