MIM
Magic Internet Money
AUD
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247.4K AUD
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AUD
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Buy Magic Internet Money (MIM)

What is Theta Fuel? Theta Fuel (TFUEL) is a native cryptocurrency on the Theta blockchain, designed to serve as the gas token for all transactions and on-chain smart contract interactions within the Theta Network ecosystem. ## How does Theta Fuel work? Theta Fuel powers the operations of the Theta Edge Network, which handles the compute, storage, and delivery of video streams, AI tasks, and other scientific, simulation, and financial modelling use cases. TFUEL is used to pay for smart contracts, transaction fees, and as rewards for sharing video streams and other resources. ## What are the potential use cases for Theta Fuel? 1. Decentralized Video Streaming: Facilitating cost-effective and efficient delivery of video content by enabling users to share bandwidth and resources. 2. Edge Computing and Data Delivery: Powering AI tasks, 3D rendering, and other data-intensive applications. 3. Micropayments for Content Creators: Allowing viewers to pay directly for video content and ensuring fair royalty distribution. 4. Smart Contracts and DApps: Serving as a gas token for smart contracts and decentralized applications on the Theta Network. ## What is the history of Theta Fuel? Theta Fuel was launched as part of the Theta Network, a Layer 1 blockchain designed to improve the process of developing, broadcasting, and consuming online video content. The Theta Network utilises a novel proof of stake (PoS) consensus technique called multi-level Byzantine Fault Tolerance (multi-level BFT) and includes significant partnerships with major companies such as Google, Sony, and Samsung .

Coin Contract Addresses

0x99d8a9c45b2eca8864373a26d1459e3dff1e17f3
0x82f0b8b456c1a451378467398982d4834b6829c1
0xfea7a6a0b346362bf88a9e4a88416b77a57d6c2a
0x130966628846bfd36ff31a822705796e8cb8c18d