Question 1

What is Theta Network?

Accepted Answer

Theta Network is a blockchain platform designed for the media and entertainment industry. It enables video and media platforms to reduce content delivery CDN costs, generate incremental revenues, and rewards end-users for sharing their storage and/or bandwidth on any PC, mobile, Smart TV, or IoT device. Theta supports Turing complete smart contracts and is fully compatible with Ethereum, allowing the development of a range of Web3 applications, including NFTs, DEX/DeFi, and DAOs, for the next generation of media and entertainment platforms.

Beyond media delivery, Theta has expanded its capabilities into artificial intelligence (AI) through its EdgeCloud AI Services, which allow developers to deploy and manage AI models on a decentralised infrastructure. These services support generative AI models like Llama 3, Stable Diffusion, and Whisper, enabling AI-driven applications to run without reliance on centralised cloud providers. Additionally, Theta’s Agentic AI framework facilitates autonomous AI-driven interactions, while its partnership with FedML supports decentralised machine learning for personalised content recommendations.

Question 2

Theta Blockchain consensus mechanism

Accepted Answer

Theta Blockchain has a multi-level Byzantine Fault Tolerant (BFT) consensus mechanism that combines a committee of 20-30 enterprise validator nodes with a second layer of thousands of community-run guardian nodes. Validator nodes propose and finalize new blocks in the chain, while guardian nodes act as a check on malicious or non-functional validator nodes. This design makes the Theta Blockchain highly decentralized, and the thousands of guardians offer an extra layer of security. The Theta Blockchain can process 1,000 transactions per second, and its consensus mechanism is fast, green, and has virtually zero carbon footprint.

Question 3

Smart contract support and EVM compatibility

Accepted Answer

The Theta blockchain provides full support for Turing-complete smart contracts, which can enable digitized item ownership, innovative payment-consumption models, transparent royalty distributions, trustless crowdfunding mechanisms, and much more. The Theta Virtual Machine is compatible with the Ethereum Virtual Machine, making it easy for Ethereum-based contracts to be ported over to Theta. This means thousands of smart contract developers can easily start building on Theta, tapping into its growing user and capital base.

Theta’s AI-related features also leverage smart contracts, allowing for decentralised AI model management and data validation. AI services running on Theta’s infrastructure can be integrated into Web3 applications, ensuring transparency and decentralisation in AI decision-making processes.

Question 4

What is Theta Metachain?

Accepted Answer

Theta Metachain is a concept announced by Theta Labs in April 2022, targeted to launch on Dec 1, 2022. It is an interconnected network of blockchains, a “chain of chains,” that allows permissionless horizontal scaling of the Theta blockchain network to achieve potentially unlimited transactional throughput and block finalization time of 1-2 seconds or less. The Metachain consists of one “main chain” and an unlimited number of “subchains,” which execute transactions independently. This provides a viable path to infinitely scale the processing capacity of the Metachain. The subchain SDK will implement a built-in interchain messaging channel which connects the subchains and the main chain, allowing crypto assets like TNT20/721 tokens to flow freely across the chains. The process of creating a subchain is permissionless, meaning anyone can register and launch a subchain without Theta Labs' approval.

Question 5

Dual token design

Accepted Answer

Theta Network has a dual token design that includes the governance token, THETA, and the operational token, TFUEL. THETA is used to stake as a validator or guardian node, contribute to block production, and protocol governance of the Theta Network. By staking and running a node, users earn a proportional amount of the new TFUEL generated. The supply of THETA is fixed at 1 billion and will never increase. TFUEL is used for on-chain operations like payments to Edge Node relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network. The supply of TFUEL increases annually at a fixed percentage set at the protocol level.

Question 6

Theta Edge Network?

Accepted Answer

In addition to the Validator and Guardian Nodes, the Theta Edge Nodes form the Theta Edge Network, which is a fully decentralized network for data storage, delivery, and more generally edge computing. As of February 2022, there were over 130,000 Theta Edge Nodes worldwide. Theta Video API, powered by Theta Edge Network, allows developers to add decentralized video to any website or application without any central servers, content delivery or video hosting software. Theta EdgeStore is an append-only, content-addressing, decentralized key/value storage network for the permanent web, also acting as a decentralized content delivery network for any type of files. Theta Labs has received patent approval for USPTO Application No. 17/218,245, a technology developed for implementing decentralized digital rights management (DRM) via NFTs in a decentralized network. This technology can be used for managing rights across a number of domains, including live performances and concerts.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	THETA-USDT THETAUSDT	binance	AA	0.1988USDT	-0.35%	1,910,296.50THETA	4,252	0.1995USDT	0.2020USDT
2	THETA-USDT THETA_USDT	whitebit	BB	0.1989USDT	-0.30%	1,213,388.95THETA	9,941	0.1995USDT	0.2022USDT
3	THETA-USDT THETA-USDT	kucoin	BB	0.1986USDT	-0.25%	387,304.26THETA	1,735	0.1991USDT	0.2022USDT
4	THETA-USDT THETAUSDT	bybit	A	0.1988USDT	-0.05%	357,660.54THETA	926	0.1989USDT	0.2016USDT
5	THETA-USDT THETA-USDT	okex	A	0.1986USDT	-0.40%	328,382.65THETA	730	0.1995USDT	0.2020USDT
6	THETA-USDT THETA_USDT	gateio	A	0.1985USDT	0.05%	292,478.60THETA	2,234	0.1984USDT	0.2018USDT
7	THETA-USDC THETA_USDC	whitebit	BB	0.1983USDC	0.05%	290,701.10THETA	1,047	0.1981USDC	0.2022USDC
8	THETA-USD THETA_USD	cryptodotcom	AA	0.1980USD	-0.09%	179,007.20THETA	798	0.1982USD	0.2012USD
9	THETA-BTC THETA_BTC	whitebit	BB	0.0₅2433BTC	0.66%	165,775.00THETA	566	0.0₅2417BTC	0.0₅2455BTC
10	THETA-TRY THETATRY	binance	AA	9.78TRY	0.02%	154,893.60THETA	284	9.78TRY	9.96TRY
11	THETA-BTC THETABTC	binance	AA	0.0₅2430BTC	0.83%	153,355.40THETA	415	0.0₅2410BTC	0.0₅2450BTC
12	THETA-USDC THETAUSDC	binance	AA	0.1984USDC	-0.15%	84,556.70THETA	325	0.1986USDC	0.2012USDC
13	THETA-USDT THETAUSDT	cexio	BB	0.1939USDT	-2.16%	78,197.00THETA	27	0.1982USDT	0.2008USDT
14	THETA-USDC THETA-USDC	okex	A	0.1983USDC	-0.40%	13,734.21THETA	200	0.1991USDC	0.2019USDC
15	THETA-USDT THETA_USDT	cryptodotcom	AA	0.1991USDT	0.33%	9,021.00THETA	29	0.1985USDT	0.2009USDT
16	THETA-EUR THETA-EUR	okex	A	0.1744EUR	-1.80%	3,864.36THETA	34	0.1777EUR	0.1794EUR
17	THETA-BTC THETABTC	cexio	BB	0.0₅2410BTC	4.33%	202.96THETA	2	0.0₅2310BTC	0.0₅2410BTC
18	THETA-USD THETAUSD	cexio	BB	0.1972USD	-0.66%	97.72THETA	1	0.1985USD	0.1985USD
19	THETA-USDC THETAUSDC	cexio	BB	0.1959USDC	-0.96%	90.20THETA	1	0.1978USDC	0.1978USDC
20	THETA-USDT sTHETAUSDT	phemex	C	0.1992USDT	0.00%	2,174,208.64THETA	5,508	0.1992USDT	0.2025USDT
21	THETA-USDC THETAUSDC	bitrue	D	0.2000USDC	-0.50%	1,064,468.40THETA	36,501	0.2010USDC	0.2030USDC
22	THETA-XRP THETAXRP	bitrue	D	0.1520XRP	0.66%	1,055,213.87THETA	36,474	0.1510XRP	0.1530XRP
23	THETA-USDT THETAUSDT	bitrue	D	0.1980USDT	-0.50%	1,033,452.48THETA	32,923	0.1990USDT	0.2020USDT
24	THETA-USDT thetausdt	huobipro	C	0.1986USDT	-0.15%	934,144.38THETA	3,183	0.1990USDT	0.2014USDT
25	THETA-USDT theta_usdt	lbank	C	0.1989USDT	-0.30%	579,122.00THETA	2,349	0.1995USDT	0.2020USDT
26	THETA-USDT THETA_USDT	coinw	-	0.1987USDT	-0.31%	239,860.20THETA	1,285	0.1993USDT	0.2019USDT
27	THETA-USDT THETA-USDT	bingx	D	0.1983USDT	-0.65%	221,346.00THETA	5,483	0.1996USDT	0.2021USDT
28	THETA-KRW KRW-THETA	upbit	B	268.00KRW	-0.74%	215,602.86THETA	229	270.00KRW	271.00KRW
29	THETA-USDT THETAUSDT	hitbtc	E	0.1986USDT	-0.63%	205,328.00THETA	1,148	0.1999USDT	0.2020USDT
30	THETA-USDT theta_usdt	xtpub	-	0.1988USDT	-0.35%	194,046.50THETA	1,330	0.1995USDT	0.2020USDT
31	THETA-USDT THETA_USDT	bitmart	B	0.1258USDT	0.00%	0THETA	0	0.1258USDT	0.1258USDT
32	THETA-USDT theta_usdt	digifinex	D	0.1987USDT	-0.33%	34,445.90THETA	372	0.1993USDT	0.2018USDT
33	THETA-KRW THETA_KRW	bithumbkorea	-	265.00KRW	-1.12%	23,699.31THETA	48	268.00KRW	270.00KRW
34	THETA-USDT THETAUSDT	binanceusa	B	0.1900USDT	-4.52%	23,145.10THETA	17	0.1990USDT	0.2010USDT
35	THETA-INR THETAINR	coindcx	-	19.42INR	-2.78%	3,183.72THETA	33	19.98INR	20.50INR
36	THETA-BTC THETABTC	hitbtc	E	0.0₅2432BTC	0.75%	2,020.40THETA	383	0.0₅2414BTC	0.0₅2452BTC
37	THETA-IDR thetaidr	indodax	E	3,510.00IDR	-0.65%	1,121.53THETA	28	3,533.00IDR	3,799.00IDR
38	THETA-KRW theta_krw	korbit	C	254.90KRW	0.00%	0THETA	0	254.90KRW	254.90KRW
39	THETA-USD THETAUSD	binanceusa	B	0.1950USD	-1.52%	403.80THETA	3	0.1980USD	0.1980USD
40	THETA-USDT THETAUSDT	coinex	C	0.2222USDT	0.00%	0THETA	0	0.2222USDT	0.2222USDT
41	THETA-USDC THETAUSDC	coinex	C	0.2206USDC	0.00%	0THETA	0	0.2206USDC	0.2206USDC
42	THETA-BTC THETABTC	coinex	C	0.0₅2687BTC	0.00%	0THETA	0	0.0₅2687BTC	0.0₅2687BTC
43	THETA-INR THETAINR	bitbns	-	25.00INR	0.00%	0THETA	0	25.00INR	25.00INR
44	THETA-ETH theta_eth	yobit	-	0.0₄8900ETH	0.00%	0THETA	0	0.0₄8900ETH	0.0₄8900ETH
45	THETA-USDC THETAUSDC	hitbtc	E	0.2346USDC	0.00%	0THETA	0	0.2346USDC	0.2346USDC