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

Tune in this Thursday July 13th for a new Theta AMA with @mitchliu, @jieyilong, and @wes_levitt! The AMA will take place at 9am PT on http://THETA.tv. The direct link will be posted on Thursday, and we look forward to another great talk with the Theta community!

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Tune in to the AMA live now.