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

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Theta Video API has now enabled the Billing Dashboard, a key new feature to becoming a fully-fledged decentralized competitor to existing cloud service providers. This is the 1st step toward monetization of the TVA service, which will allow Edge Nodes to earn TFUEL for providing the streaming, encoding/transcoding, & storage services of TVA.

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