Theta is a decentralized streaming network based on blockchain. Its users share bandwidth and computing resources.
The goal of this blockchain project is to remove barriers between content creators and consumers, make data delivery and video streaming processes decentralized, quick, and easy.
The project uses 2 tokens in its network, and Theta Fuel ( TFUEL ) is one of them.
How Theta Fuel Is Used?
The TFUEL coin is a platform token that is created for the decentralized transmission of video content and other data. This coin is aimed to support all transactions in the Theta blockchain. It includes:
- Payments to repeaters for joint use a video stream.
- Deployment and interaction with smart contracts.
- Fees associated with NTF transactions and DeFi apps.
What Problems Theta Fuel Solves?
The live streaming industry has lots of problems today, including:
- Low-quality videos. Modern content delivery networks (Akamai, AWS Cloudfront, etc.) lack reach. As a result, it causes video rebuffering, and people in different parts of the world have to wait for a long time to access the content.
- Users prefer watching high-quality content. Most people are looking for videos in 4k or 8k. However, it’s challenging because it’s more expensive to reach higher-quality streaming networks.
- Centralized and inefficient infrastructure. Due to centralization, video creators and streaming networks have fewer opportunities, and it results in lower revenues.
But thanks to Theta Network and Theta Fuel coins its users receive as rewards these issues can be solved.
Where To Keep TFUEL Crypto?
Theta has its wallet available for desktop and mobile users. This program will keep your tokens safe thanks to the mnemonic phrase you will have to use as your key. To make it even safer, you can integrate it with a Ledger or Trezor hardware wallet.
Moreover, you can use the Theta Wallet Extension that is a great choice to access your digital assets in the browser. It allows you to have multiple accounts, send TFUEL, stake to guardian nodes, and manage your TNT-20 tokens.
Theta Fuel Coin Prospects
According to the roadmap, the TFUEL developers have a lot of plans for the future. At the beginning of June 2021, they made updates on Mainnet 3.0 which must be released in the middle of summer 2021.
The team is also going to release the second version of the Edgecast fully decentralized streaming dApps in the third quarter of 2021. And they will launch an advanced Smart contract developer platform at the end of the year.
A lot of third-party companies support Theta Network. For example, BitBoy , a popular crypto streamer, launched his Theta NFTs on ThetaDrop in May, and DHVC joined Theta Enterprise Validator and Governance Council in the middle of June 2021.
TFUEL Price Prediction
Since the Theta project and TFUEL crypto team has such huge plans for future development, experts believe that TFUEL price can grow, and this token may become a great investment. This coin already reached its top index at the beginning of June 2021. But according to Digitalcoinprice , the TFUEL token price will be over $0.686 at the beginning of next year. The WalletInvestor team has an even more positive Theta Fuel coin price prediction and thinks TFUEL will cost $1.092.
What Is Theta Fuel Coin Price Today?
Today THETA token price is 0.35 USD.
After all, Theta Network has to improve a lot and add many more services to make its platform the best in the video streaming industry. But its developers have already done a lot to make access to high-quality content simplified for everyone, and the opportunity of getting TFUEL tokens for particular activities is already appreciated by many investors. So this token is a great investment if you are looking for a cryptocurrency whose price will keep growing in the long term.
How To Get TFUEL Coin?
TFUEL is now available on many cryptocurrency exchanges, and StealthEX is one of them. This platform is easy to access, it lets you exchange other digital coins to TFUEL with no hidden fees, and you can choose a rate (fixed or floating) for the transaction. What’s more, you can buy some coins for fiat money (EUR, GBP, USD, RUB).
How To Buy Theta Fuel Token?
To buy TFUEL crypto just go to StealthEX and follow these easy steps:
- Choose the pair and the amount for your exchange. For example, BTC to TFUEL.
- Press the “Start exchange” button.
- Provide the recipient address to which the coins will be transferred.
- Move your cryptocurrency for the exchange.
- Receive your coins.
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Originally published at https://stealthex.io.