Theta Network

Halal Rating :
Questionable
Last Price $2.21 Last updated:
Rank 52
1D Change -0.23 %
Market Cap $2.21b
Circulating supply 1,000,000,000
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Media
  • Collectibles & NFTs
  • Content Creation
  • DeFi
  • Video
  • Metaverse
  • Huobi Capital Portfolio
  • Web3

Theta network is a decentralized video streaming network that is powered by blockchain technology. Theta allows users to watch video content and get rewarded with tokens as they share their internet bandwidth and computing resources on a peer-to-peer (P2P) basis. Besides a line-up of institutional investors like Node Capital and DHVC, Theta Network is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch. The video streaming services on Theta rely on a distributed network of users who voluntarily contribute their spare bandwidth and computing resources to run Theta’s system, in return for Theta Fuel (TFuel) reward. Theta runs on a modified proof-of-stake consensus mechanism as it has a unique multi-Byzantine Fault Tolerance (BFT) which combines a committee of 20-30 Validator nodes with a second later of thousands of Guardian nodes. This acts to speed up approvals and is faster than traditional proof-of-work networks. Theta’s multi-BFT design achieves a healthy balance between consistency, speed, and decentralization.

Crypto Impact

To assign a comfort level investing in Theta Network from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Theta Network.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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Justification for our Halal Rating