Theta Network
THETAUSDView Detailed Chart
0.628USD
-0.006-0.94%
Time
1m
15m
30m
1h
4h
D
W
D
Today
-0.94%
5 Days
-17.47%
1 Month
-26.29%
6 Months
-51.35%
Year to Date
-72.69%
1 Year
-68.13%
View Detailed Chart
Key Data Points
Opening Price
0.639Previous Closing Price
0.634Indicators
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
Sell
Indicators
Indicators
Value
Direction
MACD(12,26,9)
-0.005
Sell
RSI(14)
32.347
Neutral
STOCH(KDJ)(9,3,3)
14.073
Sell
ATR(14)
0.060
High Vlolatility
CCI(14)
-153.765
Sell
Williams %R
95.349
Oversold
TRIX(12,20)
-1.179
Sell
StochRSI(14)
0.000
Oversold
Moving Average
Indicators
Value
Direction
MA5
0.662
Sell
MA10
0.699
Sell
MA20
0.738
Sell
MA50
0.879
Sell
MA100
1.286
Sell
MA200
1.553
Sell
Theta Network News
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More Details of Theta Network
Theta Network is a innovative blockchain platform designed specifically for the video, media, and entertainment industries. It operates as a dual-network system, consisting of the Theta Blockchain and the Theta Edge Network, each serving distinct but complementary functions.
The Theta Blockchain provides the fundamental infrastructure for payments, rewards, staking, and smart contract capabilities. This layer ensures the financial integrity and governance of the Theta Network ecosystem. In contrast, the Theta Edge Network is responsible for the compute, storage, and delivery of video streams, AI tasks, and other computationally-intensive use cases.
This unique dual-network architecture allows Theta to offer a comprehensive solution for developers and businesses in the video and entertainment sectors. By offloading the resource-intensive tasks to the Edge Network, the platform can significantly reduce the costs associated with content delivery, making it a highly attractive option for its target industries.
Theta Network is powered by two native cryptocurrencies: THETA, the staking and governance token, and TFUEL, which is used for all transactions and on-chain smart contract interactions. These tokens play a crucial role in the decentralized nature of the platform, incentivizing users to contribute computing resources and maintain the network's security.
Looking ahead, Theta Network is poised to introduce its next-generation offering, Theta EdgeCloud, a hybrid cloud computing platform built on a fully distributed architecture. This represents the evolution of the Theta Edge Network, promising even greater capabilities for cloud-based applications and services.
Furthermore, Theta Network provides robust Web3 infrastructure solutions, such as the Theta Video API and Theta Web3 Theater. These tools offer developers significant cost savings in video transcoding, storage, and delivery, enabled by Theta's patented Digital Rights Management technology.
Who are the founders of Theta?
The Theta Network was founded by Mitch Liu and Jieyi Long. It is not explicitly stated in the provided information, but the background on Theta Network indicates that it was founded by these two individuals.
How is the Theta Network secured?
Theta Network employs a multi-faceted approach to security:
It uses a modified Byzantine Fault Tolerance (BFT) consensus mechanism, which requires a two-thirds majority to validate transactions, reducing the risk of malicious activities.
It has a unique dual network structure, with the Theta Blockchain providing payment, reward, staking, and smart contract capabilities, while the Theta Edge Network handles compute, storage, and delivery tasks. This distributed architecture reduces central points of failure.
Participation in the network as a validator is managed by an enterprise validator and governance council that includes leading global companies, ensuring diverse and robust oversight of the network.
How will Theta Network be used?
Theta Network is tailored for the video, media, and entertainment sectors, with the goal of reducing content delivery costs and providing a cost-effective solution for developers and businesses in these industries. Some key use cases include:
Video streaming and delivery, powered by the Theta Edge Network.
AI task processing and other data-intensive computations.
The ThetaDrop NFT marketplace for digital collectibles, partnering with various brands and personalities.
Providing Web3 infrastructure solutions like the Theta Video API and Theta Web3 Theater, offering decentralized video services with reduced costs.
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