Theta Fuel

TFUEL

Current price

$0.0087

−6.35%24h

LiveUpdated 27s ago

TodayTheta Fuel drops 6.4%, trailing the market.

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Time	Price

Change by period

1 hour−0.46%
24 hours−6.35%
7 days−10.22%
30 days−8.41%
1 year−67.49%

Theta Fuel's move in context

Lagging the market today
−6.35% today against −3.27% for the market as a whole, a gap of 3.1 points. A gap this wide suggests something specific to Theta Fuel may be moving it, not just the market mood.
Part of a slide
−10.2% over 7 days and −8.4% over 30 days: the recent move continues the monthly direction.

This is analysis of past prices, not a prediction or financial advice.

About Theta Fuel

Overview

Theta Fuel (TFUEL) is the native utility token of the Theta Network, a decentralized video delivery and streaming platform. The core mission of Theta Fuel is to enhance the decentralized video ecosystem by incentivizing users to share their bandwidth and computing resources, enabling high-quality streaming at a lower cost. As an integral part of the Theta protocol, TFUEL serves numerous functions within the network, including transaction fees, staking rewards, and granting rights within the smart contract ecosystem. Its distinguishing features include scalability, low latency, and an efficient proof-of-stake consensus mechanism that empowers content creators and consumers alike.

Technical Features

The Theta Network operates on a hybrid blockchain architecture consisting of a core layer and an edge layer, enabling it to efficiently deliver high-quality video streams. The consensus mechanism of Theta is based on a variant of Proof-of-Stake (PoS) called Proof-of-Engagement, ensuring that the nodes that contribute to the network’s performance are rewarded fairly. Security is embedded in the network’s design through blockchain technology, which ensures transparency and immutability of records. Unique algorithms, such as the Theta blockchain’s Dynamic Multilevel Byzantine Fault Tolerance (dBFT), provide additional security and scalability by allowing validators to reach consensus effectively and maintaining the integrity of the network. Furthermore, the use of smart contracts on the platform fosters a flexible environment for developers to create decentralized applications (dApps) tailored to video and streaming needs.

Use Cases

The primary use cases for Theta Fuel are deeply rooted in the video streaming industry. TFUEL can be used to pay for transaction fees within the Theta Network and supports the creation and operation of decentralized applications related to video content delivery. It plays a critical role in decentralized finance (DeFi), allowing users to stake their tokens to earn rewards while supporting network operations. Additionally, TFUEL can facilitate transactions for non-fungible tokens (NFTs), enabling the trading of unique digital assets linked to video content. Cross-border payments for streaming services can also be made seamless with TFUEL, eliminating hefty transaction fees and delays traditionally associated with such payments.

Development Background

The Theta Network was founded in 2017 by Mitch Liu and Jieyi Long, who recognized the need for a decentralized approach to video streaming in the face of high costs and bottlenecks in traditional systems. The project gained considerable attention and support from notable organizations such as Samsung and Google, contributing to its rapid growth and community adoption. Since its inception, Theta Fuel has experienced several developments, including its mainnet launch, protocol upgrades, and partnerships that have expanded its ecosystem, making it a significant player in the blockchain space.

Community and Ecosystem

The ecosystem surrounding Theta Fuel is robust, comprising a diverse community of developers, content creators, and enthusiasts. Theta has established partnerships with several high-profile companies to enhance its platform and broaden its reach, including network integrations with mainstream streaming services. The community actively supports the development of applications and projects that leverage the Theta protocol, contributing to a rich tapestry of innovative solutions within the decentralized video space. Furthermore, ongoing discussions and feedback from the community help shape future developments and upgrades of the Theta network.

Future Potential

The future potential of Theta Fuel is promising due to the ongoing demand for high-quality video content and the need for decentralized solutions in the streaming industry. As technologies evolve and more users gravitate toward decentralized platforms, the utility of TFUEL is expected to grow significantly. Upcoming features in the Theta roadmap encompass enhancements to network performance, staking options, and the incorporation of advanced DeFi functionalities. The synergy between classical video delivery infrastructure and the decentralized model that Theta advocates is likely to pave the way for transformative changes in how video content is produced, distributed, and consumed globally.

Theta Fuel market

: #207; Position by market cap among the coins we track.
: $63.85M; Price × coins in circulation. It measures a coin's size, not its quality.
: Low $0.00865High $0.00933; The lowest and highest price in the last 24 hours. The dot marks the current price.
: $0.6816; Now 1% of itReached 9 Jun 2021 · Needs +7,734% to get back; The highest price this coin has ever reached. The bar shows today's price as a share of it.
: 7.34B TFUEL; Coins that exist now and can be traded.
: 7.5B TFUEL; Every coin created so far, minus any destroyed, including coins that are locked up.
: No limit listed; The most coins that can ever exist. Some coins have no limit.

Theta Fuel converter

TFUEL

1 Theta Fuel = $0.0087