Comparison and Review: Theta Network and MultiversX (Elrond)
Theta Network (Theta)
- Symbol: THETA
- Name: Theta Network
- Market Cap Rank: 62
- Price Change Percentage in the Last 30 Days: 62%
- Categories: @DePIN, Entertainment, SocialFi, NFT
Theta Network is a decentralized video streaming network that utilizes blockchain technology. It enables users to watch video content and earn tokens by sharing their internet bandwidth and computing resources on a peer-to-peer basis. The platform is backed by institutional investors and advised by industry veterans, including co-founders of YouTube and Twitch. Theta operates on a modified proof-of-stake consensus mechanism with a unique multi-Byzantine Fault Tolerance design, balancing consistency, speed, and decentralization.
MultiversX (Elrond)
- Symbol: EGLD
- Name: MultiversX
- Market Cap Rank: 53
- Price Change Percentage in the Last 30 Days: -23.57%
- Categories: @Binance Launchpad, Protocol, Smart Contract Platform, Layer 1 (L1), MultiversX Ecosystem
MultiversX, formerly known as Elrond, is a technology ecosystem focused on the new internet. It offers a smart contracts execution platform with impressive capabilities, including 15,000 transactions per second, 5-second latency, and low transaction costs. MultiversX's flagship application, Maiar, provides a user-friendly and secure blockchain experience, with a gamified approach to unlocking features. The ecosystem's economic model employs a proof-of-stake mechanism and features a limited supply token called eGold, designed as a digital store of value.