Theta Network is a blockchain protocol focused on decentralized video delivery and media platforms. By utilizing a peer-to-peer network, it reduces content delivery costs for platforms and rewards users for sharing their bandwidth. The dual-token system, THETA (governance) and TFUEL (operations), underpins the network, while smart contracts enable Web3 applications like NFTs and DAOs. 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.