Theta network is a protocol focused on entertainment and leisure, allowing users to enjoy digital content, such as Esports, sports competitions, video games or interviews, using the blockchain network. The native token THETA has experienced an increase in recent weeks of 180%. Something brutal comparable only to Bitcoin. It reached a price of $ 1.92.

The company launched an announcement for this 2021 where they have ensured that the protocol will be updated in the Theta Mainnet 3.0 network.

This update, in addition to what already exists, will bring with it the ability to capture live videos, make live shows and watch videos in the meantime.

All this thanks to Edgecast, the technology that according to the developers will be responsible for putting this in motion.

“This new fully decentralized technology stack adds the ability to capture live video, transcode it in real time, cache, and stream live video data to users around the world, all over the P2P edge network of Theta managed by thousands of community members. A central server or service is not used in this pipeline. "
Words from the developers

Within the Theta network we find two tokens. One is the Elite token and the other is the Fuel Token. The first is created from the network bandwidth, depending on the number of users broadcasting live. It is known as activity mining.
The Fuel or gasoline Token is used to cover the fees of the transactions that are carried out within the platform.

It is likely that the combination of these two tokens (Elite already present on the network) will give stability to the Tetha token and give the project viability and longevity with the burning of the Token Fuel.