Theta Fuel

Theta Fuel TFUEL

$0.0091
Market Cap $ 34.808 MM (#246)
24h Volume $ 5.292 MM
Chg. 24h: -0.78%
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Theta Fuel project purpose and description

Theta Fuel clarity of purpose

Theta Fuel purpose and aspects

Theta Fuel (TFUEL): The operational token of the Theta protocol. TFUEL powers on-chain operations like payments to relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network. You can think of Theta Fuel as the “gas” of the protocol.

Theta Fuel categories

Smart contractsNetworking

Short description

Theta - The leading decentralized video delivery network powered by users and a native blockchain.

Abstract

The Theta Network and protocol solves various challenges the video streaming industry faces today. First, tokens on the Theta blockchain are used as an incentive to encourage individual users to share their redundant computing and bandwidth resources as caching or relay nodes for video streams. This improves the quality of stream delivery and solves the “last-mile” delivery problem, the main bottleneck for traditional content delivery pipelines, especially for high resolution high bitrate 4k, 8k and next generation streams. Second, with sufficient network density the majority of viewers will pull streams from peering caching nodes, allowing video platforms to significantly reduce content delivery network (CDN) costs. More importantly, by introducing tokens as an end-user incentive mechanism the Theta Network allows video platforms to deepen viewer engagement, drive incremental revenues, and differentiate their content and viewing experience from their competitors.

Link to Roadmap: https://www.thetatoken.org/#roadmap
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