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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We’re excited to announce Simon Piazolo, founder and CEO of @OpenTheta , will be Theta’s 1st Developer Advocate! As DA Simon will work w/ partners & community devs to integrate Theta blockchain & Theta Video API. Simon will also continue to run OpenTheta.

https://t.co/axRtMB8n0g

We're excited to announce Simon Piazolo, founder and CEO of @OpenTheta , will be Theta's 1st Developer Advocate.