Theta Fuel (TFUEL) offers decentralized video streaming with improved quality and reduced costs. More
| Fully Diluted Valuation | $244.76M |
|---|---|
| 24H Trading Volume | $1.85M |
| 24H Low / High | $0.03 / $ 0.04 |
| Circulating Supply | 7.07B |
| Total Supply | 7.07B |
| Max Supply | ∞ |
| Categories | DePIN 3 more |
|---|---|
| Founder | Mitch Liu 1 more |
| Website | thetatoken.org Whitepaper |
| Socials | 3 more |
| Explorer | Thetatoken |
| Name | Pair | OG Score |
|---|
Theta Fuel (TFUEL): Powering Decentralized Video Streaming
Theta Fuel (TFUEL) is a cryptocurrency that powers the Theta Network, a decentralized platform focused on video streaming. Launched in 2017, Theta Network aims to revolutionize video delivery by leveraging blockchain technology to improve quality and reduce costs.
Revolutionizing Video Delivery with Peer-to-Peer Technology
One of Theta Network's key features is its use of a peer-to-peer network for video content delivery, eliminating the need for central servers. This not only reduces costs but also improves video stream quality. The network uses a proof-of-stake (PoS) consensus mechanism, combining PoS with Byzantine Fault Tolerance, to validate transactions and create new blocks efficiently.
Rewarding Contributors with TFUEL
TFUEL plays a vital role in the Theta Network ecosystem. It is used as a reward mechanism for users who contribute resources, such as bandwidth and computing power, to the network. Users can earn TFUEL for their efforts, which can then be used to pay for video content or other services within the platform.
Distribution and Impact
Since its launch, Theta Fuel has been distributed to existing Theta Token (THETA) holders through airdrops. This distribution continues through mechanisms like staking, watching video streams, and participating in governance decisions. TFUEL's introduction has led to significant fluctuations in its price, influenced by factors such as market sentiment and network adoption.
A Vision for the Future
Theta Network's unique approach to video streaming and its use of TFUEL as an internal currency demonstrate its commitment to providing a more efficient and cost-effective alternative to traditional video delivery platforms. With its innovative technology and growing ecosystem, Theta Network aims to disrupt the centralized market for video delivery, offering new possibilities for content creators and viewers alike.
Theta Network is unique for its use of a peer-to-peer network for video content delivery, reducing costs and improving quality compared to traditional platforms.
Theta Network was founded by Mitch Liu and Jieyi Long in 2017.
Theta Network's backers and investors include Google, Samsung, Sony, Binance, and Blockchain Ventures, among others.
You can buy Theta Fuel (TFUEL) on Binance, MEXC, Gate.io, Crypto.comKuCoin cryptocurrency exchanges.
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