Connect with us

Theta Fuel Investor

Investing In Theta Fuel (TFUEL) – Everything You Need to Know

mm

Updated

 on

Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital.

Theta Fuel (TFUEL) operates as the main utility and rewards token for the Theta decentralized video streaming protocol. The network seeks to provide a more efficient alternative to the current video streaming options by combining blockchain technology, purpose-built cryptocurrencies, a custom blockchain, and community governance. Here’s how Theta Fuel improves usability and streamlines video sharing.

Video streaming is one of the fastest-growing technologies in the world. The total amount of video streaming continues to accelerate globally. This growth has been fueled by a combination of features including improved internet reach and data transmission rates. Despite these areas of growth, the centralized video streaming market has some inherent shortcomings.

What Problems Does Theta Fuel (TFUEL) Attempt to Fix?

One of the main problems that Theta seeks to help is centralization. The video streaming market is run by a select few firms. These large tech agencies can charge raised rates and provide subpar service because there is no real competition. Theta leverages blockchain technology to improve the streaming scenario and give regular users a better option to consider.

Theta - Twitter

Theta Fuel (TFUEL) – Twitter

Censorship

Censorship is a major problem for content creators in 2022. The centralized nature of the market has made it easy for large tech firms to control the narrative. History has shown that this control has already been used to suppress important information from the public’s knowledge. Theta content creators gain the protection of the first amendment. Theta provides censorship-resistant video hosting to a global audience.

Bottlenecking

One of the biggest issues that Theta tackles is bottlenecking. Bottlenecking is a term that refers to the degradation of signal from streaming points as more users join. Additionally, these issues are worse the further from the transmission point. Theta’s technical structure prevents last mile issues. Theta improves data transmission as more people join the network. This structure makes it ideal for today’s heavy streaming environment.

Benefits of Theta Fuel (TFUEL)

Theta Fuel brings a lot of benefits to the market. For one, the protocol provides higher streaming rates than the competition. The use of network nodes to host data ensures that your streaming information comes from the closest and most efficient point on the network.

Theta Fuel (TFUEL) - Homepage

Theta Fuel (TFUEL) – Homepage

Additionally, Theta Fuel is open source so users can leverage its features and services to improve their own applications. Open-source protocols are safer than alternatives because you can vet the coding and see any background processes. This structure makes it easy and secure for anyone to access global infrastructure for video content and data delivery.

Interoperability

One of the main concerns for developers was to ensure that Theta had full interoperability. The network supports full Dapp features and provides developers with tools to improve their creations. Developers can leverage the Theta toolset to improve usability.

How Does Theta Fuel (TFUEL) Work

Theta combines a host of proprietary technologies to provide the market with a viable alternative that is both cheaper to use and more secure. Theta was built on the Ethereum blockchain which improves security for users. All network nodes integrate commercial-grade encryption to keep data protected.

Theta.tv

Theta.tv is the network’s main streaming service. This feature empowers users to ensure returns for supporting the network. The dashboard makes it easy for users to upload or watch video streams. Notably, Theta.tv has already secured some major partnerships. These partnerships now include the Smartphone producer Samsung and their new Galaxy phone series. Theta.tv will come standard on these devices in the future.

Theta blockchain

The Theta blockchain was built specifically to support the growing video streaming market. Theta is the first end-to-end infrastructure for decentralized video streaming to gain popularity in the market. The blockchain enables network nodes to host data as peering caches. In return for their efforts, nodes receive TFUEL tokens for their efforts.

TFUEL - CoinGecko

TFUEL – CoinGecko

TFUEL

TFUEL is the main utility token for the Theta blockchain. TFUEL plays a critical role in empowering users to interact with THETA features. Users receive TFUEL when they provide computing power to the network. They can also trade TFUEL on popular exchanges. TFUEL has no total supply and is issued when rewards are paid out.

Theta

THETA is the main governance token of the network. Users can stake THETA and receive rewards. THETA holders gain the ability to put forth changes via proposals. The community votes on these proposals and those that are accepted get funding from the community vault. Notably, there are 1 billion Theta tokens set for issuance.

Consensus

Theta uses a Proof-of-Stake consensus mechanism to improve scalability. PoS networks are more efficient and scalable than Proof-of-Work (PoW) networks like Bitcoin. The system leverages a select group of nodes called the validator committee. This group of nodes is responsible for the first set of transaction approvals. Then a larger group of nodes called the guardian pool, finalizes the transaction.

History

Theta Fuel entered the market in 2018. The platform got off to a healthy start with a $20 million private token sale that helped the San Francisco-based, Theta Labs, further develop their next-gen video transmission protocol. This funding helped the protocol move from Ethereum to the custom-built Theta blockchain.

How to Buy Theta Fuel (TFUEL)

Currently, Theta Fuel (TFUEL) is available for purchase on the following exchanges.

Binance – Best for Australia, Canada, Singapore, UK and most of the world. USA residents are prohibited from buying Theta Fuel (TFUEL). Use Discount Code: EE59L0QP for 10% cashback off all trading fees.

KuCoin – This exchange currently offers cryptocurrency trading of over 300 other popular tokens.  It is often the first to offer buying opportunities for new tokens.  This exchange currently accepts International & United States residents.

WazirX – This exchange is part of the Binance Group, which ensures a high standard of quality.  It is the best exchange for residents of India.

Theta Fuel (TFUEL) – Video Streaming for the New Age

The constant growth of the video streaming market has led to protocols like Theta becoming a smart option for users. These networks provide censorship-resistant alternatives to the market. Theta offers users lower fees and high performance compared to the competition. As such, you can expect to see a lot more videos hosted on the Theta Fuel protocol in the coming weeks.

David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including Bitcoinlightning.com

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies.

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.