- What is Theta Network?
Theta Network (THETA) is the leading video delivery network powered by blockchain technology. Theta allows its global pool of users to relay videos by offering their spare bandwidth and computing resources and rewards them for doing so. Theta mainnet is currently in phase 2.0, with phase 3 expected in the spring of 2021, which will bring further utility to the Theta token ecosystem.
Users can earn token rewards for sharing videos with other users. Also, users can opt-in to allocate any spare bandwidth they may have for computational resources for other users as another way of earning token rewards.
Central to running the operations on its blockchain, Theta boasts two native cryptocurrencies, THETA coin, for voting on changes to the protocol, and TFUEL, for executing transactions.
The Theta Token (THETA) has a total supply of 1,000,000,000 THETA.