Theta Network (THETA), a sharing economy video delivery network, is in the news after it surpassed an exaggerated Chainlink (LINK) token. The network witnessed an eye-watering hike of 17,576 percent in one year. THETA is now in the top ten gainers in the large-cap segment.
Decentralized Streaming Network Surpasses $11 Billion in Market Cap
On 23rd March 2021, THETA surged over 200 percent to its price over 30 days and is now standing at the $11.36 level.
The governance token of the Theta network is THETA. The software mechanism of a decentralized video streaming network allows end-users to share their computational power to reinforce the peer-to-peer streaming environment.
THETA token can be used for multiple operations. For example, unlocking premium content, donating to streamers, and transferring unique gifts.
Since its inception in 2018, Theta Network (THETA) has managed to shape large community-driven infrastructure.
The p2p streaming environment of Theta Network comprises 25,994 Edge Nodes, 3,302 Guardian Nodes, and 14 Enterprise Validator nodes. On one hand, where Guardian Node operators can stake THETA to receive TFUEL as a reward, the Edge Node operators can also earn TFUEL (another project’s native asset) for caching the content of popular video hosting platforms.
Theta Tokens Staking to Knock over Chainlink
There is another significant event coming in the way. Starting from April 2021, TFUEL tokens have become available for staking. To take part in this process, one should run Edge Node software. Theta Fuel, or TFuel, is a real-world cryptocurrency that you can earn on THETA.tv by watching streams and automatically sharing your upload bandwidth. The token is a new ray of hope in crypto land.
Theta Fuel Token (TFUEL) also set a new all-time high two hours ago at $0.5165. The price surge rallied 447 percent in the past 30 days.
THETA trading at $13.38 is positioned in the top 10. Should THETA add 6.8 percent to its splendid rally, the market capitalization of the token will surpass the market-cap of Litecoin (LTC).