Theta Network is a cryptocurrency created in 2017 by the startup company Theta Labs .It’s dedicated just for streaming and it is considerable as the first and principal network of video broadcast using the blockchain technology . The system of Theta Network works like a sharing economy. And that will allow the users of this coin to make different bandwidth and computing resources in order to ensure the good running of network.
THETHA Network permits with its developed solutions to their users watching videos and also earn THETA and TFUEL tokens for sharing the videos with others. Theta Network technology can be used by all streaming platforms, this will allow the platforms to reduce their costs, to deepen spectator engagement and earn additional income.
Multilayer consensus mechanism Theta Network
Theta Network based on a mechanism it’s called ‘Multilayer consensus mechanism’. This mechanism is used for Theta and Theta Fuel (TFUEL), and it is a modified version of Byzantine Fault Tolerance (BFT).
Why Theta Network and Theta Fuel (TFUEL)?
Theta Token (THETA): Is The first cryptocurrency of ecosystem, its main role is the governance of theta protocol.
Theta Fuel (TFUEL): The second cryptocurrency of Theta Network ecosystem, allows the interaction with different elements. And also permit to make blockchain operations such as interaction with smart contracts. Theta Fuel (TFUEL) is considerable like ‘gas’ of theta protocol. TFUEL is dedicated in particular of remuneration for the users of Theta.tv platform depending on their time spent in the platform.
The principal token of THETA NETWORK has been attracted the majority of attention. The TFUEL has been quietly increase in parallel with theta network.it’s become the most crypto that the investors invest in.
As seen in the chart above, the cours is increase in just one month about 811% with a market cap of 1,7 EUR.
Predictions of Theta Network and Theta Fuel by the years 2021, 2022, 2023, 2024 , 2025:
|2021||12 $||3 $|
|2022||55 $||30 $|
|2023||200 $||100 $|
|2024||230 $||130 $|
|2025||310 $||200 $|