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Why the Price of Theta Is Surging Today

TheMotleyFool

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The price of the cryptocurrency Theta (CRYPTO: THETA) had jumped nearly 16% over the last 24 hours as of 2:48 p.m. ET on Thursday for no obvious reason, as the stock market traded with lots of volatility today.

Theta is a different kind of decentralized network in that it essentially enables peer-to-peer video streaming by allowing users to access excess bandwidth of nodes on the network. The idea is to take some of the congestion off the mainstream content delivery systems in order to speed up video streaming and enhance the quality.

Image source: Getty Images.

Source Fool.com

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