What Is TFUEL (Theta Fuel)? Is It Worth Investing in TFUEL?

What Is TFUEL Theta Fuel Is It Worth Investing in TFUEL

Welcome to our TFUEL review

Theta Fuel (TFUEL) has recently been launched on Binance. TFUEL is a cryptocurrency or a form of digital asset.

In short, TFUEL is a operational token of the Theta protocol and real-world cryptocurrency that you can earn on SLIVER.tv by watching streams and automatically sharing your upload bandwidth.

Is TFUEL worth investing? How to buy TFUEL for investment? Read on to find out more. 

Theta Fuel (TFUEL) Review Summary

Name: Theta Fuel (TFUEL)

Circulating Supply: 5,000,000,000

Issue Date: 2019-03-14

Cryptographic Algorithm: Optimize Packet Routing Algorithm

Consensus Protocol: POW

Rating: 75/100

Recommended:  Yes

Summary:  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 was created as a native token on the Theta blockchain. After the initial distribution of 5 billion TFUEL (5 for each of the 1 billion THETA), the supply will increase at an initial annual target rate of 5%. The new supply rate will be determined at the protocol level, and can be adjusted as needed by protocol consensus to provide the appropriate amount of new supply as demanded by platforms on the Theta Network. Two main factors affect your earning rate: 1) the amount of other viewers you are sharing with and 2) your internet speed. You’ll automatically earn more TFUEL for each viewer you are sharing your stream with, up to a maximum of 10 peers. Your internet upload bandwidth also will affect your TFUEL earning rate.

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What is Theta FUEL (TFUEL)?

It is currently an ERC20 token, but the token would be migrated to the Theta blockchain once the mainnet goes live.

Theta is on track to launch its mainnet on March 15th, 2019, and one of the most important protocols is the release of Theta Fuel (TFUEL), an operational token.

TFUEL will be the second token in the Theta network and would work alongside the current Theta Token (THETA).

TFUEL is an 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 was created as a native token on the Theta blockchain.

It is currently an ERC20 token, but the token would be migrated to the Theta blockchain once the mainnet goes live.

What is Theta?

Theta is a decentralized peer-to-peer video streaming network that incentivizes the sharing of bandwidth.

Theta’s development team realized that the current video delivery networks are deficient in some of the services they offer, especially in less developed countries and developed the Theta network to solve those issues using the blockchain technology.

Theta is made up of two parts.

The first one is the video delivery network that is composed of nodes that join the network and allow users to contribute their bandwidth. 

The second part is its blockchain which is designed for incentive purposes, to help convince more people to join the video delivery network.

THETA is the governance token of the platform.

The cryptocurrency is utilized to stake as a Validator or Guardian node, allowing users to contribute to the block production and overall governance of the Theta blockchain.

The Theta network is unique in that it would run two tokens.

The Theta token (THETA) is the primary cryptocurrency, and it is used to govern the platform. It is used by the validate blocks, allowing users to contribute to Theta’s block production and the governance of the network.

The second token, TFUEL, meanwhile will be the operational coin of the network.

It would be used to pay relayers for sharing content on the platform and would act as the gas of the network.

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Key Features of Theta Network

  • Multi-Level Byzantine Fault Tolerant ("BFT"): A modified BFT consensus mechanism which allows thousands of nodes to participate in the consensus process, while supporting high transaction throughput (1,000+ TPS).
  • Resource Oriented Micropayment Pool: An off-chain “Resource Oriented Micropayment Pool” that is purpose-built for video streaming. It aims to allow a user to create an off-chain micropayment pool that any other user can withdraw from using off-chain transactions, and is double-spend resistant.
  • Aggregated Signature Gossip Scheme: Theta proposes an Aggregated Signature Gossip Scheme which significantly reduces communication overhead and messaging complexity.

How to Earn TFUEL?

A good way to understand Theta Token (THETA) is to check out its live, working product, a streaming service: SLIVER.tv, its first dApp made for the protocol that taps into an existing user base of millions of e-sports fans/viewers (partnership with Tencent Games).

On SLIVER.tv, you will be able to earn TFUEL for every minute you watch streams on the platform that are powered by the THETA Network. 

As you watch the stream/s, THETA will use your excess upload bandwidth to share the stream with other viewers. The more you share, the more you earn!

What Affects the Earning Rate for TFUEL?

1.

The amount of other viewers you are sharing with.

2.

Your internet speed.

You’ll automatically earn more TFUEL for each viewer you are sharing your stream with, up to a maximum of 10 peers. Your internet upload bandwidth also will affect your TFUEL earning rate.


Your TFUELwill be credited after 10 minutes from the data shared TO PEERS only. Opening additional tabs is allowed but it WILL NOT earn you more TFUEL.

THETA Roadmap

THETA has been on time for most communicated milestones. The team explains the two late milestones as impacted by the partnerships with Samsung VR, MBN, and CJ Group, which were very resource-demanding.

Updated Roadmap

Q1 2019

  • Release Theta wallet for Android OS, Apple iOS, and web (completed)
  • Transition majority of SLIVER.tv streamers and channels to Theta (in-progress)
  • Launch Theta Mainnet on March 15th
  • Complete Theta token swap
  • Complete Theta Fuel distribution to existing Theta token holders (1:5)
  • Release Guardian Node Onboarding Program light client

Q2 2019

  • Beta release of Universal Edge Cacher client
  • Launch 3rd party Validator partner program
  • Enhance Mesh Streaming Network scalability
  • Complete Theta token swap
  • Launch Developer tools for Theta mainnet integration
  • Beta release Android mobile SDK integration with initial partners

Q3 2019

  • Launch support for video on demand ("VoD") in Theta Mesh Streaming Network
  • Launch Guardian node functionality and onboard initial group of community-run Guardian nodes
  • Beta release support for Android-based set-top boxes and smart TVs
  • Introduce Guardian nodes into the Validator node set on rotating basis
  • Launch smart contract support

Q4 2019

  • Expand Theta content delivery beyond video to support all forms of data (e.g. file updates, game patches, video ads, audio, etc)

2020 and Beyond

  • Power global data content delivery including static and dynamic web content
  • Integrate Theta data delivery into IoT devices, smart TVs, smart cars, and other data transfer-rich applications
  • Optimize Theta Network to leverage new 5G infrastructure and applications

Is TFUEL Worth Investing?

Sliver.tv has announced that they are entering a partnership with NASA. 

The spokesperson of Sliver.tv has said that they are excited about the partnership so that people can watch live events of NASA through them.

Theta blockchain will power these events. The viewers will feel as if they are watching the TFUEL channels.

The issue with the current Streaming model is high cost and cheap quality video. Sliver.tv believes CDN lacks in reaching out to the audience because of buffering, pause and low-quality content.

It also thinks theta can provide a solution to this problem by providing a new standard for bandwidth distribution.

“Theta’s innovation is set to disrupt today’s online video industry much in the same way that the YouTube platform did to traditional video back in 2005. One of our biggest challenges had been the high costs of delivering video to various parts of the world, and this problem is only getting bigger with HD, 4K and higher quality video streams,” said Steve Chen, Co-Founder of YouTube. “I’m excited to be part of the next evolution of the streaming space, helping Theta create a decentralized peer-to-peer network that can offer improved video delivery at lower costs.”

- Steve Chen -
Co-founder of YouTube

Which Crypto Exchange to Buy TFUEL?

  1. 1
    Binance
  2. 2
    Upbit
  3. 3
    Coinone
  4. 4
    WazirX
  5. 5
    Gate.io

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What Is TFUEL (Theta Fuel)? Is It Worth Investing in TFUEL?

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