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Theta Network


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Theta Network (THETA) Price Chart

Founded in 2017, Theta Network was established as a blockchain protocol aiming to enhance the creation and streaming of video content. After the mainnet launch in 2019, multiple new features and services were added to the Theta ecosystem, including:

  • Video API, which lets users add video to websites and applications without using centralized servers and video hosting software.
  • EdgeStore that offers a decentralized storage and content delivery network.
  • Edge Network, which focuses on AI edge computing and various other tasks.

As a result, Theta Network developers now position the project as a “decentralized cloud for AI, media, and entertainment.”

What is Theta Network (THETA) token?

Theta Network adopts a dual-token architecture, which includes THETA and TFUEL. 

THETA serves as a governance token that participants can stake to secure the network and earn TFUEL as a reward. THETA has a fixed max supply of 1 billion tokens.

TFUEL acts as a “gas token,” which is primarily used to perform transactions within the Theta Network. When allocating their computing resources for specific network tasks, users receive TFUEL as a reward.

How does Theta Network (THETA) work?

Theta Network consists of two complementary subsystems: Theta Blockchain and Theta Edge Network. The first one facilitates payments, rewards, and smart contracts, while the second delivers available computing power for AI and video rendering tasks.

Theta Blockchain

Theta Blockchain utilizes a modified Byzantine Fault Tolerance (BFT) consensus algorithm, which combines a committee of 20-30 enterprise validator nodes and over 3,000 community-run guardian nodes. Enterprise validator nodes stake THETA tokens to propose and finalize new blocks within the Theta Blockchain, while guardian nodes ensure security by checking enterprise validator nodes’ actions. Some of the most prominent Theta’s enterprise validators include Google, Samsung, and Sony.

In December 2022, Theta Metachain was launched, which revamped the blockchain design, now consisting of one “main chain” and multiple “subchains.” Each subchain can execute transactions independently, potentially offering a significant boost in scalability.

Theta Network also features smart contracts compatible with the Ethereum Virtual Machine (EVM), empowering developers to create a wide array of decentralized applications (dApps). However, at the time of this writing, Theta’s DeFi ecosystem is quite nascent, with only a few projects being deployed, according to DeFiLlama.

Theta Edge Network

In addition to enterprise validator and guardian nodes, the Theta community may also run edge nodes to allocate their spare bandwidth for various computing tasks, including AI and video rendering. At the time of writing, Theta’s Edge Network consists of over 10,000 edge nodes. 

In Theta’s documentation, developers claim that their Edge Network has 80 petaflops of distributed GPU compute power, which is 20-30 times more than other comparable networks.

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THETA price performance

Theta Network experienced a series of funding rounds in 2017 and 2018, with the THETA token becoming available on open markets in early 2018 at around $0.18. Over time, the THETA price experienced both significant appreciation and downward movements, registering an all-time high at around $15.90 in April 2021, and an all-time low near $0.04 in March 2020.

Keep in mind that there is no universal THETA price, meaning it may vary depending on which source you use to check it. To find crypto prices on CEX.IO for THETA and other digital assets, consider exploring our Prices page.

How to use THETA tokens

Users interested in the Theta ecosystem can:

  • Stake THETA to secure the network and receive rewards.
  • Use THETA tokens for voting within the protocol.
  • Hold, or trade THETA, to potentially take advantage of price fluctuations.

However, users first need to acquire THETA tokens to participate in the above activities.

Where can I buy THETA?

Eligible participants can use CEX.IO, a crypto ecosystem that enables its users to:

As a globally accessible platform, CEX.IO offers a digital currency exchange in the U.S. and 150+ other countries.

How can I buy THETA?

CEX.IO features multiple services to purchase THETA, but the most straightforward way is considered to be the Instant Buy service. With it, customers can buy USDT, BTC, and other digital assets in a matter of minutes.

To use Instant Buy, users first need to register and verify an account. Once it’s done, proceed with the following steps:

  • Visit the Instant Buy page.
  • Select Theta Network (THETA) from the list of available assets.
  • Choose your preferred fiat currency.
  • Enter the amount to purchase/spend.
  • Specify a funding method. 
  • Double-check that all transaction details are correct, and confirm the operation.

Please note that Theta Network (THETA) is currently not available for CEX.IO users in the U.S.

Theta Network’s roadmap

In January 2024, the team behind Theta Network shared a 2024 roadmap, highlighting the upcoming release of Theta EdgeCloud. This is a hybrid cloud computing platform that combines the qualities of Edge and Cloud architectures to serve emerging AI use cases in video, media, and entertainment. Theta EdgeCloud is scheduled to launch in the first half of 2024.

Aside from the EdgeCloud release and its enhancements, developers also plan to improve some existing features within the Theta ecosystem, including video API. For more relevant information about the project’s roadmap, refer to Theta Network’s website, and/or blog.

Dig deeper into Theta Network (THETA)

Want to find more details about the Theta ecosystem? The following sources of Theta Network information might come in handy:

Where can you buy Theta Network?


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