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Theta (THETA) is a decentralised peer-to-peer (P2P) network powered by blockchain and founded to revolutionise the video streaming industry. User experience in the Theta network is optimised by decentralising video streaming on an open-source platform based on high-end infrastructure and data delivery to end-users. Theta tokens were first given out in 2018 as ERC20 tokens. The tokens were transferred to the native blockchain following the implementation of the Theta mainnet in 2019. The Theta network is based on a proof-of-stake algorithm. It operates on a native blockchain with its own cryptocurrency token, THETA, for governance tasks. Its other native token, Theta Fuel (TFUEL), powers its internal economy.
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