Theta Fuel (TFUEL) Price

What Is the Theta Network?

The Theta Network is a decentralized peer-to-peer video streaming and content delivery platform powered by users. The network is powered by its own technologies:

• the Theta Blockchain: it provides payment, reward, and smart contract capabilities;

• the Edge Network ensures the storage and delivery of media assets like images and videos.

Theta aims to improve the shortcomings of the traditional video streaming industry, which include high operational costs, inadequate content delivery processes, and unfair incentives for users.

The Theta Blockchain is purpose-built for the media and entertainment industry, featuring a modified multi-level BFT (byzantine fault tolerance) consensus mechanism that consists of a group of 20–30 Enterprise Validator Nodes with a second layer of thousands of community-run Guardian Nodes.

BFT

A modified BFT consensus technique allows thousands of nodes to participate in securing the network while delivering a high transaction throughput (nearly 1,000+ transactions per second).

BFT ensures that even when there are many non-functional validator nodes or some of them act maliciously during transaction verification, the integrity and security of the network are still maintained through the collaborative agreement of the majority of nodes. This makes the network highly resilient to attacks and ensures reliable transaction processing for users at scale.

Smart Contract Capability

The Theta blockchain also supports Turing-complete smart contracts, so developers can design and launch their own decentralized applications (dapps) on top of Theta. The compatibility of Theta Virtual Machine with Ethereum Virtual Machine simplifies the process of transitioning Ethereum blockchain contracts to Theta.

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What Are Theta Nodes?

Theta utilizes Validator Nodes to propose and finalize new blocks, complemented by Guardian Nodes that validate and safeguard against malicious Validator Nodes. This dual-node system enhances security of the Theta Network.

Huge corporations like Google, Samsung, and Binance act as Enterprise Validators, while the Theta community runs over 3,500 Guardian Nodes. This setup results in a highly decentralized network capable of processing 1,000 transactions per second with minimal environmental impact.

Alongside Validator and Guardian Nodes, Theta community members operate Theta Edge Nodes. They constitute the Theta Edge Network for decentralized data services, including storage, delivery, and edge computing. Currently, the network has 130,000+ Edge nodes worldwide.

What Tokens Does the Theta Blockchain Employ?

The Theta Network employs a unique dual token system featuring the Theta Token (THETA) and Theta Fuel (TFUEL).

Theta Network (THETA) Token

Theta Network (THETA) functions as the governance token for the blockchain protocol, enabling users to stake as Validators or Guardian nodes, thus contributing to block production and governance within the network.

Staking THETA coins allows users to earn a share of new TFUEL tokens generated. With a fixed max supply of 1 billion, THETA's value remains stable over time.

Theta Fuel (TFUEL) Token

Theta Fuel (TFUEL) is the second token native to the Theta protocol. What makes Theta Fuel different from its counterpart THETA coin is that TFUEL serves as the operational token of the Theta Network, facilitating on-chain transactions, such as payments to relayers and smart contract interactions.

Theta Fuel Tokens help to incentivize users to function as peers who share redundant or excess computing and bandwidth resources with other peers. TFUEL tokens are also used within the THETA tv which is a live streaming platform and the first decentralized app built on top of the Theta protocol.

TFUEL also acts as the "gas token" of the protocol, with an initial total supply of 5 billion at the genesis of the Theta blockchain. Notably, the circulating supply of TFUEL increases annually at a predetermined rate, as new TFUEL is produced for staking rewards.

If you are wondering how many Theta Fuel coins are there, then here is an answer. The current circulating supply of TFUEL tokens is 6.4 billion.

The introduction of Theta 3.0 in December 2020 brought innovations like TFUEL staking and burning, enhancing network capacity and expanding the utility and value of TFUEL within the Theta ecosystem.

The average price of Theta Fuel today is shown above. Read our TFUEL price prediction for insights into the potential Theta Fuel price trends in the future. Buy Theta Fuel instantly via Changelly, using our crypto converter – it allows you to see the current rate of the Theta Fuel coin in the fiat currency of your choice.

Theta blockchain

Theta is a blockchain designed for decentralized peer-to-peer delivery of video streams. It strives to solve the "last mile" issue faced by traditional video streaming services reliant on Content Delivery Networks. By incentivizing viewers to share resources, Theta ensures smoother streaming experiences and better picture quality.

The network, open-source and blockchain-based, allows for the creation of specialized decentralized applications by content providers, offering various entertainment options like movies, music, e-sports, live streaming, and educational content. Existing video platforms on Theta include Samsung VR, Cinedigm, Shout! Factory, and THETA tv.

How Does The Theta Network Work?

Theta Network operates on a decentralized streaming network (DSN) where computers share unused bandwidth to stream video content.

Theta Network is used by a variety of participants including influencers (content creators), viewers, advertisers, and nodes.

Influencers share their video content on the network, while viewers consume the content and are rewarded with better quality streaming services.

Advertisers may utilize the network to reach a larger audience and increase advertising and subscription revenues.

The blockchain has two primary categories of nodes.

Validator nodes are operated by high-performance computers that handle numerous transactions swiftly, typically managed by major companies like Samsung and Sony to secure the network. Stakeholders running these nodes must commit 1 million THETA tokens.

Community nodes. They are managed by numerous community members, verify validator node performance and prevent malicious blocks. To qualify for staking, a user must stake at least 1,000 THETA to run a Guardian Node.

Through the sharing of resources and content on a peer-to-peer basis, users within the Theta Network ecosystem are compensated with THETA tokens for their contributions.

What Is a Brief History of Theta?

Theta Network was created in 2016 by Mitch Liu, a veteran in the gaming and and virtual reality industries, and Jieyi Long, an esports platform pioneer. Originally focused on VR video streaming technology, the pair soon realized the limitations of centralized bandwidth and turned to blockchain technology for a solution.

Initially, Theta relied on the Ethereum blockchain before transitioning to its own blockchain in 2019. With the launch of Theta Mainnet in March 2019, Theta introduced its native blockchain. This move allowed Theta to operate more efficiently, securely, and independently, paving the way for further growth and development of the network.

Today, the network is overseen by Theta Labs, a company founded by Liu and Long that continues to innovate and develop the platform today.

Access the live price of Theta Fuel and TFUEL price history from the chart above. Changelly allows you to track the entire history of the Theta Fuel price since the project’s inception up to the present day.

View the all-time low and all-time high price paid for the TFUEL token, along with the average price at which people trade TFUEL today. Such as, the highest price paid for Theta Fuel (TFUEL) is $0.68, while the lowest price paid for Theta Fuel (TFUEL) is $0.0009. The average price of Theta Fuel today is $0.046.

What Is the Theta Fuel Price Today?

The cryptocurrency exchange Changelly offers an interactive TFUEL -USD price chart with real-time updates. You can instantly see the current Theta Fuel price, as well as the current market cap (market capitalization), 24 hour trading volume, and other essential criteria of the TFUEL market performance.

Our Theta Fuel TFUEL price prediction that is based on the fundamental and technical analysis of the crypto project, can empower your investment decisions when you want to buy TFUEL coins. However, you must conduct your research and stay updated on the latest Theta Fuel news, as our Theta Fuel price prediction is not financial advice. The price of the second Theta Network token can change radically and quickly, pretty much the price of other cryptocurrencies.

Along with displaying the current price of Theta Fuel coins, our platform is also the best place to buy TFUEL tokens with fiat money or swap Theta Fuel tokens for other crypto assets like Bitcoin, Ethereum or Litecoin. Dive into the crypto world with us!