#Theta token full

Ultimately, this will lead to the most optimized and balanced state where TFUEL utility value is maximized and stable.” What the future holds “We anticipate a deflationary model as more TFUEL is burned and permanently taken out of circulation,” wrote Theta Labs in a Medium blog post. Mainnet 3.0 will also introduce TFUEL staking and a temporary TFUEL sink, in addition to the network and transaction fee permanent sink, which will contribute to the token’s long-term deflationary model. Smart contract fees and network transaction fees will also be burned to combat the prospect of TFUEL inflation and add scarcity to the token.

It’s one of the Theta Network’s most anticipated protocol updates.Īfter the update, Theta’s edge nodes will start burning a minimum of 25% of each TFUEL payment made to the network, meaning that those coins will be completely taken out of circulation. Theta’s mainnet 3.0 update, which introduces TFUEL staking and Uptime mining, is set to launch today, according to a Medium blog post by Theta Labs. Theta’s mainnet launch and why it matters Investors convinced that the future of shared video streaming platforms is built on blockchain technology are also supporting Theta. Theta enables content creators to exercise greater control over their content and its monetization, which will likely help the network’s popularity. The more users are active on the network, the more bandwidth will be available for video streaming, increasing streaming speed and quality with each new node. Theta aims to bridge the big gaps between streaming quality and speed by enabling its global user network to relay videos by using its computing power and spare bandwidth. Ordinary content distribution networks are paid to deliver video content to end-users, but centralized servers simply can’t keep up with the ever-increasing demand for streaming quality. This is because video streaming platforms and content distribution networks are limited by their server locations. The software is built to encourage its global network of users to create and support a fully decentralized video streaming platform.ĭespite immense technological advances, video streaming quality and loading times aren’t on par with viewers’ typically high expectations. Theta seeks to change the future of video delivery platforms with the help of blockchain technology and its network of validators. THETA coins can be staked to receive TFUEL as a reward, but a user needs at least 1,000 tokens to become an eligible guardian node, and 1 million tokens to become an enterprise-level validator. THETA has a fixed supply of 1 billion coins, avoiding the risk of inflation. Theta network’s second native cryptocurrency, THETA, is a governance token designed to help manage the blockchain and its future development. Much like BitTorrent, if torrent users were paid for seeding content and contributing to other parties’ download speeds.

#Theta token full

The platform itself pays for the content distribution, meaning that the service is free for end-users.Įdge nodes don’t usually stream full videos, but rather small increments of them, so end users actually watch content streamed from multiple community nodes.

Theta Network participants who help share video content as edge nodes are rewarded for the data they stream with TFUEL. One of the features that make Theta stand out is that it has two native tokens: TFUEL, at press time trading at US$0.43 per coin and with a market cap of $2.3 billion and THETA, trading at $7.20, with a $7.2 billion market cap. How Theta’s two native tokens work: THETA and TFUEL The Theta Network allows users to stream peer to peer without the need for a centralized content delivery network. They are rewarded with TFUEL for supporting the network. The peer-to-peer video delivery platform is powered by its users and offers multiple content types, including e-sports, movies, TV series and music.Įdge nodes allow users to relay video streams and share their bandwidth for streams on. The Theta Network aims to become the next generation of entertainment technology by providing decentralized video streaming infrastructure that is cheaper than competing centralized platforms.

As users watch videos, part of their computing power is harnessed to relay those videos to other users, with the primary users earning tokens as a reward. It is a decentralized, peer-to-peer video delivery network powered by blockchain technology that enables free, high-bandwidth content delivery. Theta is a native blockchain with an open-source protocol, meaning that it allows developers and partners to build decentralized applications on the network, as Ethereum does.

Theta’s mainnet launch and why it matters.

How Theta’s two native tokens work: THETA and TFUEL.