Theta Fuel Coin is the second token of Theta Network. Theta Fuel is a native token on the Theta blockchain. TFUEL powers on-chain transactions such as payments to streamers to share a video stream or interact with or distribute smart contracts. Streamers earn TFUEL for every video stream they stream to other users on the network. Detailed information about what the Theta Fuel coin TFUEL is and how does it work is in the continuation of the article. For information about Hedera Hashgraph (HBAR) coin, you can check here.
What is Theta Fuel Coin TFUEL and how does it work?
Theta Fuel (TFUEL) is a decentralized new generation video distribution and sharing network developed as a result of combining blockchain technology with the power of users who are interested in social networks. To put it another way, Theta Fuel (TFUEL) is an open-source protocol built to power an underlying distributed streaming network that will then allow DApps, i.e. decentralized applications, to be built on top of it.
The features of the platform can be listed as follows:
- Viewers win awards as Theta Fuel. For sharing high bandwidth and resources, viewers are now rewarded for joining the network.
- Higher quality, smoother video streaming is offered to users. A decentralized peer-to-peer network efficiently delivers streams globally.
- Lower cost of delivering video streams. Video platforms no longer need to build expensive infrastructure, meaning more innovation and unique business models.
In addition, the platform offers open source network and protocol. In other words, Theta provides a service open to all developers and partners to develop its network. However, thanks to Theta, video platforms and content providers can create customized Dapps for their audiences.
On the other hand, behind the platform is Mitch Liu, co-founder of Gameview Studios, as CEO, Jieyi Long, who holds a PhD in Computer Engineering, as CTO, and Ryan Nichols, Director at Tencent for the Wechat app, as CPO.
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