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	0.2095USDT	11.32%	10,740,262.30THETA	37,204	0.1882USDT	0.2126USDT
2	THETA-USDT THETAUSDT	bybit	A	0.2096USDT	11.43%	2,709,629.00THETA	6,894	0.1881USDT	0.2128USDT
3	THETA-USDT THETA-USDT	okex	A	0.2096USDT	11.37%	2,479,170.33THETA	7,325	0.1882USDT	0.2124USDT
4	THETA-USDT THETA_USDT	whitebit	BB	0.2099USDT	11.35%	1,255,370.75THETA	19,339	0.1885USDT	0.2125USDT
5	THETA-TRY THETATRY	binance	AA	10.12TRY	10.48%	1,012,755.80THETA	5,374	9.16TRY	10.31TRY
6	THETA-USDT THETA_USDT	gateio	A	0.2095USDT	11.44%	739,089.30THETA	6,047	0.1880USDT	0.2122USDT
7	THETA-USDT THETA-USDT	kucoin	BB	0.2094USDT	10.97%	725,607.28THETA	3,160	0.1887USDT	0.2121USDT
8	THETA-USDC THETAUSDC	binance	AA	0.2095USDC	11.32%	604,943.50THETA	1,727	0.1882USDC	0.2122USDC
9	THETA-BTC THETABTC	binance	AA	0.0₅2590BTC	5.28%	508,334.10THETA	1,568	0.0₅2460BTC	0.0₅2710BTC
10	THETA-USD THETA_USD	cryptodotcom	AA	0.2095USD	11.13%	325,425.40THETA	864	0.1885USD	0.2121USD
11	THETA-USDT THETA_USDT	cryptodotcom	AA	0.2093USDT	11.15%	279,139.00THETA	263	0.1883USDT	0.2107USDT
12	THETA-USDC THETA_USDC	whitebit	BB	0.2102USDC	11.57%	252,798.29THETA	963	0.1884USDC	0.2124USDC
13	THETA-USDC THETA-USDC	okex	A	0.2101USDC	11.87%	91,116.96THETA	204	0.1878USDC	0.2116USDC
14	THETA-BTC THETA_BTC	whitebit	BB	0.0₅2592BTC	5.11%	80,603.40THETA	584	0.0₅2466BTC	0.0₅2701BTC
15	THETA-EUR THETA-EUR	okex	A	0.1820EUR	11.45%	51,838.17THETA	146	0.1633EUR	0.1844EUR
16	THETA-USD THETA-USD	okex	A	0.2095USD	14.67%	15,798.35THETA	48	0.1827USD	0.2095USD
17	THETA-USDT THETAUSDT	cexio	BB	0.2068USDT	10.24%	4,566.60THETA	7	0.1876USDT	0.2114USDT
18	THETA-USD THETAUSD	cexio	BB	0.2063USD	10.41%	127.79THETA	1	0.1868USD	0.2063USD
19	THETA-BTC THETABTC	cexio	BB	0.0₅2540BTC	3.25%	112.76THETA	1	0.0₅2460BTC	0.0₅2540BTC
20	THETA-USDC THETAUSDC	cexio	BB	0.2071USDC	10.06%	105.24THETA	1	0.1882USDC	0.2071USDC
21	THETA-USDT thetausdt	huobipro	C	0.2089USDT	11.12%	13,674,961.69THETA	49,261	0.1880USDT	0.2118USDT
22	THETA-USDT theta_usdt	digifinex	D	0.2092USDT	11.13%	7,363,062.86THETA	45,686	0.1883USDT	0.2122USDT
23	THETA-KRW KRW-THETA	upbit	B	286.00KRW	10.00%	6,560,998.05THETA	3,529	260.00KRW	300.00KRW
24	THETA-USDT THETAUSDT	bitrue	D	0.2090USDT	11.17%	3,258,283.01THETA	47,662	0.1880USDT	0.2140USDT
25	THETA-USDT sTHETAUSDT	phemex	C	0.2102USDT	11.39%	2,883,496.99THETA	5,473	0.1887USDT	0.2131USDT
26	THETA-XRP THETAXRP	bitrue	D	0.1520XRP	4.83%	2,653,212.31THETA	39,477	0.1450XRP	0.1600XRP
27	THETA-USDC THETAUSDC	bitrue	D	0.2110USDC	11.64%	2,629,971.00THETA	39,472	0.1890USDC	0.2140USDC
28	THETA-USDT theta_usdt	lbank	C	0.2096USDT	11.31%	2,533,195.20THETA	6,086	0.1883USDT	0.2126USDT
29	THETA-USDT theta_usdt	xtpub	-	0.2095USDT	11.32%	2,141,924.90THETA	8,146	0.1882USDT	0.2125USDT
30	THETA-USDT THETA_USDT	coinw	-	0.2093USDT	11.25%	1,160,171.40THETA	2,340	0.1882USDT	0.2116USDT
31	THETA-USDT THETAUSDT	hitbtc	E	0.2099USDT	11.50%	796,362.30THETA	1,144	0.1883USDT	0.2120USDT
32	THETA-USDT THETA-USDT	bingx	D	0.2099USDT	11.59%	559,336.00THETA	12,418	0.1881USDT	0.2118USDT
33	THETA-KRW THETA_KRW	bithumbkorea	-	285.00KRW	11.33%	447,397.65THETA	507	256.00KRW	290.00KRW
34	THETA-USDT THETA_USDT	bitmart	B	0.1258USDT	0.00%	0THETA	0	0.1258USDT	0.1258USDT
35	THETA-USDT THETAUSDT	coinex	C	0.2098USDT	11.67%	25,635.31THETA	8,370	0.1879USDT	0.2123USDT
36	THETA-USDT THETAUSDT	binanceusa	B	0.2100USDT	11.70%	16,661.90THETA	44	0.1880USDT	0.2110USDT
37	THETA-BTC THETABTC	hitbtc	E	0.0₅2591BTC	5.07%	7,347.00THETA	390	0.0₅2466BTC	0.0₅2712BTC
38	THETA-INR THETAINR	coindcx	-	21.22INR	15.71%	6,840.90THETA	61	18.34INR	21.22INR
39	THETA-USD THETAUSD	binanceusa	B	0.2090USD	10.00%	4,568.40THETA	11	0.1900USD	0.2110USD
40	THETA-USDC THETAUSDC	coinex	C	0.2092USDC	11.18%	2,489.41THETA	1,606	0.1881USDC	0.2118USDC
41	THETA-BTC THETABTC	coinex	C	0.0₅2594BTC	5.61%	2,070.08THETA	1,660	0.0₅2456BTC	0.0₅2705BTC
42	THETA-KRW theta_krw	korbit	C	261.10KRW	0.00%	0THETA	0	261.10KRW	261.10KRW
43	THETA-USDC THETAUSDC	bit2me	B	0.1988USDC	0.00%	0THETA	0	0.1988USDC	0.1988USDC
44	THETA-IDR thetaidr	indodax	E	3,748.00IDR	14.41%	814.99THETA	20	3,276.00IDR	3,748.00IDR
45	THETA-USDC THETAUSDC	hitbtc	E	0.1716USDC	0.00%	0THETA	0	0.1716USDC	0.1716USDC
46	THETA-INR THETAINR	bitbns	-	25.00INR	0.00%	0THETA	0	25.00INR	25.00INR
47	THETA-ETH theta_eth	yobit	-	0.0₄8900ETH	0.00%	0THETA	0	0.0₄8900ETH	0.0₄8900ETH