TFUEL
Theta Fuel
$0.00000000AUD
Market Cap
975.4M AUD
24hr Trade Vol.
60.0M AUD
Total Supply
6.8B
All
1W
1M
1Y
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Price Change
24H:
0.00%
7D:
+0.00%
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TFUEL Balance: -
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≈ 0.00000000 TFUEL
Information

Buy Theta Fuel TFUEL

What is Theta Fuel?

Theta Fuel (TFUEL) is the operational token of the Theta decentralized network, serving as the "gas" for on-chain operations such as payments to relay nodes for sharing video streams and deploying or interacting with smart contracts.

How does Theta Fuel work?

Theta Fuel operates on the Theta blockchain, a decentralized network designed specifically for video, AI, and entertainment applications. It functions using a Proof-of-Stake consensus mechanism, allowing users to participate in network operations and earn TFUEL by providing computational resources for video streaming and data delivery. TFUEL acts as the utility token for on-chain operations, including interactions with smart contracts and paying for gas fees.

What are the potential use cases for Theta Fuel?

Theta Fuel has a variety of potential use cases within the Theta ecosystem:

  • Decentralized Video Streaming: TFUEL is used as a form of payment for bandwidth and resources in video streaming, rewarding users who support the network.
  • Micropayments: Enables micropayments for content creators, facilitating transactions within decentralized applications.
  • Smart Contracts and NFTs: Used to pay for gas fees associated with smart contract executions and NFT transactions on the Theta network.
  • Edge Computing: Incentivizes users to share computing resources and bandwidth, optimizing network efficiency.

What is the history of Theta Fuel?

Theta Fuel was launched in March 2019 as part of the Theta network's mainnet. It was co-founded by Mitch Liu and Jieyi Long, with its ICO occurring in 2018, initially on the Ethereum blockchain before transitioning to its own blockchain. Major updates include the introduction of Mainnet 2.0 and 3.0, enhancing the network's capabilities through improvements like EdgeCast technology and NFT integration. TFUEL's presence has been cemented with listings on major exchanges, contributing to its significant market presence and utility within decentralized video streaming and other blockchain-based applications.

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Frequently Asked Questions (FAQs)