How does Theta Fuel work?

Theta Fuel (TFUEL) is the operational token of the Theta Network, a decentralized video streaming and delivery network powered by users and an innovative new blockchain.

The Theta Network incentivizes users to share their redundant computing and bandwidth resources as caching nodes for video streams. This allows for improved video delivery performance, reduced CDN costs, and a better overall end-user experience. The Theta Fuel token is used to power all transactions on the Theta Network.

It is used to pay for services such as video streaming, data storage, content delivery, and other services that are built on top of the network. It is also used to reward users who contribute their resources to the network as caching nodes. The TFUEL token has two main functions: it acts as a medium of exchange between users on the network and it serves as a reward for those who contribute their resources to the network.

When users contribute their resources to the network they are rewarded with TFUEL tokens which can then be used to purchase goods or services from other users on the network or exchanged for other cryptocurrencies. The TFUEL token also serves as an incentive for developers who build applications on top of the Theta Network. Developers can use TFUEL tokens to pay for access to various features of the platform such as data storage or content delivery services.

This helps ensure that developers have an incentive to build applications that are useful and beneficial to users on the platform. Overall, Theta Fuel is an important part of how the Theta Network works and helps ensure that it remains secure, efficient, and useful for all its participants.