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What is Theta Fuel?
Theta Fuel (TFUEL) operates as a critical component within the Theta blockchain ecosystem, serving multiple key functions that facilitate the network’s operations and its broader utility in the realm of decentralized video and data delivery. As the operational token of the Theta blockchain, TFUEL is utilized for various transactions and interactions on the network, including but not limited to, executing smart contracts, processing transactions, and engaging in decentralized video services.
One of the primary uses of TFUEL is in staking and earning rewards on the Theta network. This mechanism not only incentivizes participation but also contributes to the security and efficiency of the blockchain. Additionally, TFUEL plays a significant role in the realm of non-fungible tokens (NFTs), particularly through liquidity mining on the ThetaDrop marketplace, enhancing the NFT ecosystem’s vibrancy and liquidity.
The Theta blockchain itself is distinguished by its dual-network architecture, comprising the Theta Blockchain and the Theta Edge Network. This design enables a comprehensive suite of services, from payment and reward systems facilitated by the blockchain to the compute, storage, and delivery services provided by the Edge Network. Such a structure supports a wide range of applications, including video streaming, AI tasks, and various other computational and delivery services.
Official Website: https://www.thetatoken.org
