Theta Fuel (TFUEL) Feed: Events, News & Roadmap

What is Theta Fuel?

The operational token of the Theta protocol. TFUEL powers on-chain operations like payments to relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network. You can think of Theta Fuel as the “gas” of the protocol. At Mainnet launch on March 15th, TFUEL will be created as a native token on the Theta blockchain. Theta Fuel (TFUEL) is one of the two native tokens in the Theta blockchain network, distinct from Theta Token (THETA), which serves as the governance token. TFUEL is the utility token that powers the decentralized video and data delivery within the network, while THETA is supported by thousands of community-run Guardian nodes and Enterprise validators including Google, Binance, Blockchain ventures, Gumi, and Samsung.

The Theta blockchain operates on a proof-of-stake consensus algorithm, augmented by a multi-level Byzantine Fault Tolerance (BFT) mechanism. This design ensures better security and higher transaction throughput. Theta introduced Guardian Nodes at its Mainnet launch in March 2019 to avoid a single entity controlling the majority of staked tokens, achieving a high transaction throughput of 1000+ TPS. The network further uses a financial incentive scheme to ensure user participation in governance activities, with users securing the network themselves.

TFUEL, as the second native token of Theta, acts as a gas token used to power all operations on the Theta blockchain. Its uses include payments to relayers for sharing video streams, deploying and interacting with smart contracts, and handling transaction fees with NTFs and DeFi applications. TFUEL also serves as a reward for staking on the network and plays a crucial role in incentivizing users to share redundant computing power and bandwidth resources, thereby fostering participation and enhancing the network’s efficiency and cost-effectiveness.