What is Theta Network?
Theta is a decentralized video delivery network powered by its users, operating on a dedicated blockchain called the Theta Network. Originally launched as an ERC-20 token, Theta has been running its mainnet since March 2019 after raising $20 million in a private token sale in 2017.
Key Features of Theta Network
- Multi-Tier BFT Consensus:
An enhanced Byzantine Fault Tolerance (BFT) mechanism allowing thousands of nodes to participate while maintaining speeds exceeding 1,000 transactions per second (TPS). - Aggregated Gossip Scheme:
A system where guardian nodes partially aggregate signatures from neighboring nodes before broadcasting them, enabling exponential signature sharing with minimal communication overhead. - Resource-Oriented Micropayment Pools:
Built for video streaming, this feature enables users to benefit from off-chain micropayment pools.
The Dual-Token Economy: THETA vs. TFUEL
| Token | Role | Utility |
|---|---|---|
| THETA | Governance token | Used for staking as validator/guardian nodes, block generation, and protocol governance. |
| TFUEL | Operational token | Powers transactions (e.g., video relaying, smart contract interactions). Nodes earn TFUEL for relaying video streams. |
Why TFUEL Matters
- Network Fuel: Required for all on-chain operations.
- Incentivization: Rewards users who contribute bandwidth/resources.
- Scalability: Enables high-speed micropayments for video services.
How to Buy TFUEL?
👉 Purchase TFUEL on Binance
👉 Compare exchanges for best rates
FAQ
Q: What’s the difference between THETA and TFUEL?
A: THETA is for governance/staking, while TFUEL powers transactions and rewards network participants.
Q: Can I stake TFUEL?
A: No, only THETA can be staked. TFUEL is earned through network activities.
Q: Where is TFUEL used?
A: Primarily in Theta’s video CDN, edge computing, and smart contract executions.
Disclaimer: This article does not constitute investment advice. Always conduct independent research before engaging with any cryptocurrency.
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