Theta fuel price forecast. Theta Fuel Fundamental Analysis | Via SwapSpace | Capital | June 2021


Theta Fuel Price Forecast

Theta Fuel (TFUEL) is an ERC-20 utility token that powers Theta Network. Theta Network is a blockchain-based decentralized video streaming and delivery service developed by Theta Labs. TFUEL is one of the two tokens native to the network, and the other is THETA, although most operations (except governance) require TFUEL instead of THETA. The first implementation of Theta mainnet was launched by Theta Labs in 2019. Since then, there has been a major upgrade, and another upgrade (mainnet 3.0 release) is scheduled for June 2021.

The purpose of Theta Network is to solve some of the problems that plague streaming media services and content delivery networks (CDN), such as quality loss and high delivery costs. Theta’s algorithm encourages participating nodes to share their unused bandwidth and computing resources, thereby creating a decentralized platform.

There are three types of nodes in the network:

  • Edge nodes share bandwidth, participate in some tasks and receive TFUEL rewards;
  • Enterprise validators-large nodes used for initial block verification;
  • Guardian (with the mainnet 2.0 update and launch)-Nodes pledge their THETA to confirm the block previously checked by the validator and receive TFUEL rewards.

This two-tier verification system is one of Theta Network’s most prominent features because it is such a smart technology. New features are constantly added through updates, such as the possibility of one-click entrusted mortgage, TFUEL token burning as a transaction “tax”, NFT support, etc.

Disclaimer: This article should not be considered as providing trading advice. The cryptocurrency market suffers from high volatility and occasional arbitrary fluctuations. Any investor should research multiple viewpoints and be familiar with all local regulations before investing.

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