Theta Network is a decentralized network in which users share bandwidth and computing resources in a peer-to-peer (P2P) network, it was created for video streaming. A feature of the platform is the fact that for viewing network resources and sharing, a reward in the form of TFuel tokens follows.

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Theta Network

Theta Fuel (TFUEL) is one of two tokens on the network. It serves as a service token in the decentralized transmission of video and data, and also acts as a gas token. That is, it is used to ensure all operations in the Theta blockchain, such as payments to repeaters for sharing a video stream, deployment and interaction with smart contracts, as well as fees related to NTF transactions and DeFi applications.

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Theta Fuel

Theta Labs has now been awarded U.S. Patent 11,611,615 B1 for “Decentralized Edge Storage Network With Flexible File Sharding”, validating the innovative and novel approaches to a decentralized Edge Network built by the Theta team. Read more about this https://t.co/kZk8a35XsE… https://t.co/Cektpf9QUO https://t.co/j6MfXEqxQF