ThetaFuel TFUEL is a project to support decentralized streaming that operates a decentralized platform that allows users to share computing resources and bandwidth in a peer-to-peer (P2P) manner. Theta network allows streaming platforms to generate more revenue by reducing content transmission costs. ThetaFuel is used as a fee for creating blocks and storing data in the Theta network.
First Issue | 2019.03 | Total issue limit | Unprovided |
market capitalization | Current Distribution | ||
As of April 23, 2024 (Courtesy of Coin Market Cap) |
9849.9 billion won | As of April 23, 2024 (Courtesy of Coin Market Cap) |
6,523,409,623 |
As of April 23, 2024 (Courtesy of CoinGecko) |
9975.4 billion won | As of April 23, 2024 (Courtesy of CoinGecko) |
6,522,989,263 |
Characteristics
Theta offers a decentralized video streaming service by sharing free storage capacity for video viewers.
For security, Theta introduced the Guardian Node concept by launching a Guardian Node-on-boarding program. Through this client, Theta's users can contribute to the creation of nodes for the integrity of the blockchain and receive TFUEL as compensation.
Vision
Currently, Theta only offers video streaming services, but it is easy to expand into all areas that increase computing power by providing free memory. In the future, Theta Project is expected to expand beyond video streaming to shared computing.
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