Theta Fuel (TFUEL)
About Theta Fuel
What is Theta Fuel?
Theta Fuel is the operational token of the blockchain-based video delivery platform, Theta. It is one of two tokens used in the ecosystem, with the other known as THETA. The Theta network allows for high bandwidth decentralised streaming where users get paid for streaming and sharing their unused computing power. Theta Fuel functions as the network’s gas token and is used for transactions and platform operations.
How does Theta Fuel work?
The Theta network uses blockchain technology, allowing users to stream video content without a centralised authority. The platform rewards views for sharing bandwidth and computing power. Theta relies on two tokens to make the network function. The Theta Token (THETA) is the platform’s governance token used to make payments to streamers and is what validator or guardian nodes need to use for staking. Theta Fuel (TFUEL) is the ecosystem’s utility token and is used to encourage users to share their redundant or extra bandwidth resources. TFUEL is also used to expand what the platform offers.
How is the Theta Fuel network secured?
It is secured by the blockchain it runs on. The Theta network uses a proof of stake consensus algorithm based on the Tendermint code. The blockchain works on two layers. Level one uses validator nodes usually run by large corporations such as Samsung or Google. These nodes process and verify transactions. Level two involves community nodes, which verify that validator nodes are processing information correctly.
What is Theta Fuel used for?
Theta Fuel is the network’s utility token. It encourages users to participate in the ecosystem by sharing unused computing resources. TFUEL is the currency that users are paid in for sharing resources. It is also used to expand the network’s product offerings, such as NFTs which became available in 2021 and were priced in TFUEL.
Why does TFUEL have value?
The Theta network’s value comes from its innovative and decentralised approach to video streaming. By using blockchain technology, it has made streaming faster, cheaper, and simpler than traditional methods. The platform’s value is further enhanced by its backing from big investors, including Samsung, Google, and many others.
Who created Theta Fuel?
The Theta network was founded in 2017 by Mitch Liu, CEO of Theta Labs. In its short history, Theta has already had early backing from technology and video streaming giants, including Samsung, Sony, Google, and various institutional investors. Steve Chen, one of YouTube’s founders and Justin Kana, co-founder of Twitch, both serve on Theta Network’s board of advisors.
Where can I buy Theta Fuel?
You can buy Theta Fuel on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.
Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.
You can deposit money into a broker or exchange account by a bank transfer or card payment. However, if you prefer to use a different payment method, like PayPal, then your options may be more limited.
Are there any other ways to invest in Theta Fuel?
The simplest way to invest in Theta Fuel is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.
More about the TFUEL price
What is the Theta Fuel price today?
The TFUEL price is currently $0.053 as of October 2022. The price of Theta Fuel is down 74% in 2022. You can use the live Theta Fuel chart to track the TFUEL/USD price in real time above, or compare the Theta Fuel value today to its past performance using the Theta Fuel price history tab at the top of this page.
What is the price prediction for Theta Fuel?
The average Theta Fuel price prediction values the coin at $0.07 by the end of 2025. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all impact the price.
It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.
What is the total supply of TFUEL?
The circulating supply is 5,301,214,400 TFUEL, out of a total maximum supply of 5,301,214,400 TFUEL.
Are there any Theta Fuel alternatives?
Theta Fuel is a popular cryptocurrency, and a few projects offer something similar. Here’s a selection of Theta alternatives that provide something different to the video streaming network.
- Avalanche. The Avalanch blockchain offers fast smart contracts and is highly scalable.
- Decentraland. Decentraland is a metaverse coin with its own gaming platform.
- Aave is an open-source protocol that allows the creation of non-custodial liquidity markets
More crypto guides
Yes, it uses a proof of stake algorithm which means validators on the network verify all transactions. It has also added a muli-level Byzantine Faulty Tolerance (BFT) mechanism on its blockchain for better security.
No, there have been no reported hacks of the Theta Network.
Recent Theta Fuel news
Latest Theta Fuel price analysis
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