Understand Theta Fuel: tips and info!

What is the Theta Fuel (Tfuel)? Theta Fuel (Tfuel) is one of the two native tokens of the Theta blockchain. The Tfuel should not be confused with Theta Token (TheTA), which is the governance token of the TheTA blockchain supported by thousands of Guardian nodes managed by the community and its corporate validators, including Google, Binance, Blockchain Ventures , Gumi and Samsung. TFUEL is the second token of the TheTA blockchain which serves as a utility token in the decentralized broadcast of videos and data. It also acts as a gas token. This means that it is used to feed all the operations of the TheTA blockchain, such as payments to relayrs who share a video stream, the deployment of intelligent contracts and their interaction, and as costs associated with the transaction of NFT and applications Challenge. In addition, it also serves to encourage ecosystem users to share their computing power as Edge Compute nodes, or their bandwidth as Edge Caching nodes for video streaming and other data. Who are the founders of Theta Fuel? Thea Fuel, and by extension The whole TheTA ecosystem, was founded by Mitch Liu and Jieyi Long in 2017. Liu made her weapons in the gaming, video and virtual reality industries. He co -founded the TAPJoy video advertising agency, the Gaming Social Gameview Studios and TheTA.TV Gaming Startup, the Live Streaming platform that developed its first DAPP on TheTA protocol. Jieyi Long is Theta's second co -founder, as well as its technical director. It has similar experience in the field of design, gaming, virtual reality and large -scale distribution systems. He is the author of several academic articles and several patents in video streaming, blockchain and virtual reality. Theta is now made up of a small team. Its official website lists a list of strategic investors such as Samsung Next, Sony Innovation Fund, BDMI Bertelsmann Digital Media Investments, CAA Creative Artists Agency, DCM, Sierra Ventures and VR Fund. What makes the Theta Fuel Unique? The main use of TheTA is the decentralization of video streaming, data dissemination and Edge Computing, which makes the most efficient, economical and fair for all participants in the industry. The network works on a native blockchain with two native tokens, called TheTA (TheTA) and Theta Fuel (TFUEL), which feed the internal economy. If the TheTA attracts, it is for these three reasons: spectators take advantage of a better quality of streaming, content creators increase their income and intermediaries - video platforms - save money on infrastructure development, in more to increase advertising revenue. Users are encouraged to view network content and share network resources, as a reward for TFUEL tokens. The platform is open source and tokens owners benefit from governance power, as for other Blockchain Proof-De-Stake (POS) ecosystems. In addition to touching the field of streaming, data and IT, TheTA attracts developers who wish to launch decentralized applications (DAPPS) to its intelligent contract platform (support by Ethereum Virtual Machine). How many Theta Fuel (tfuel) are there in circulation? As mentioned earlier, two tokens live in TheTA ecosystem; Theta and Tfuel. Both are used as main tools in interaction with the TheTA blockchain, but nevertheless exercise different functions. There are currently 5,232,675 TFUEL in circulation tokens, a sum which increases each year as new TFUEL are generated for stuking awards. Theta tokens have a ceiling fixed 1 billion tokens in circulation. Theta uses a proof-of-stake type algorithm that makes stuking possible. Since the amount of TheTA in circulation is equal to its maximum ceiling, the TFUEL is a reward for stuking on the network. To be eligible for Staking, you need to lock at least 1000 TheTA in a Guardian node or execute your own Guardian node. How is the TheTA network secure? The Theta blockchain uses a proof-of-stake-type consensus algorithm. TheTA nevertheless adds a Byzantine consensus mechanism Fault Tolerance (BFT) to its blockchain to ensure greater safety and a higher transaction rate. The Guardian nodes were introduced by TheTA at the time of the launch of her Mainnet in March 2019. The Guardian nodes ensure that no entity controls the majority of theta tokens locked on the platform. This allows the network to reach a high transaction rate of more than 1000 TPS.